This applies everywhere right wing governments have control

Billionaire Ray Dalio: U.S. economy must change or there will be ‘conflict’ between the rich and poor

The United States must change its economic system or there will be conflict between the rich and the poor.

So says billionaire hedge fund guru and finance entrepreneur Ray Dalio.

“Capitalism needs to be reformed. It doesn’t need to be abandoned. So, like anything, like a car, like anything, a plane, a school system, anything, it needs to be reformed in order to work better,” Dalio said on CBS’ “60 Minutes” Sunday.

“I think the American dream is lost,” Dalio said, because the U.S. economy is not “redistributing opportunity.”

Dalio said the current situation is not sustainable. “We’re at a juncture. We can do it together, or we will do it in conflict, that there will be a conflict between the rich and the poor,” Dalio said.

“If you look at history, if you have a group of people who have very different economic conditions, and you have an economic downturn, you have conflict,” Dalio says. ” I’m not saying we’re going to go there. I’m saying that right now — it’s a huge issue, it’s unfair...it’s unproductive, and at the same time, it threatens to split us.”

Link https://www.cnbc.com/2019/07/29/bridgewaters-ray-dalio-us-economy-must-be-fixed.html

Thanks Ivan