Stories
Stories
The Principles That Divide Us Might Be Greater Than Those That Bind Us Together
“It seems to me that we are now economically and socially divided and burdened in ways that are broadly analogous to 1937. During such times, conflicts (both internal and external) increase, populism emerges, democracies are threatened and wars can occur. I can't say how bad this time around will get. I'm watching how conflict is being handled as a guide, and I'm not encouraged.”
In a new essay on LinkedIn, noted hedge fund manager Ray Dalio (MBA 1973) writes that Americans are divided in ways not seen since the Great Depression and the era leading up to World War II.
“Largely as a function of these economic differences and differences in the principles that people believe most deeply in, we are seeing large and increasingly firm political differences,” he says. “The majority of Americans appear to be strongly and intransigently in disagreement about our leadership and the direction of our country. They appear more inclined to fight for what they believe than to try to figure out how to get beyond their disagreements to work productively based on shared principles.”
While Dalio concludes that he sees no immediate economic risks, he expresses concern that the current internal conflict in the US government is causing a stalemate in advancing legislation and setting policy and that income gaps are creating a social divide not seen since the 1930s.
Read the complete essay
Post a Comment
Related Stories
-
- 02 Sep 2021
- HBS Alumni Bulletin
Back to School
Re: Nicholas Simmons (MBA 2019); Ray Dalio (MBA 1973); By: Julia Hanna -
- 23 Feb 2021
- Boston Globe
Dan Koh Named Labor Department’s Chief of Staff
Re: Dan Koh (MBA 2011) -
- 01 Sep 2020
- HBS Alumni Bulletin
Maintaining a Resilient Democracy
Re: Mike Braun (MBA 1978); Josh Harder (MBA 2014); Daniella Ballou-Aares (MBA 2001); David A. Moss (Paul Whiton Cherington Professor of Business Administration Unit Head, Business, Government and the International Economy); By: Deb Blagg -
- 01 Sep 2020
- HBS Alumni Bulletin
Turning Point: Change, Stat
Re: Omar Maniya (MBA 2016)
Stories Featuring Ray Dalio
-
- 28 Sep 2023
- 99% Tech
What Ray Dalio Can Teach Us About Global Venture and Startups
Re: Ray Dalio (MBA 1973); Alex Lazarow (MBA 2010) -
- 15 Jun 2021
- HBS Alumni Bulletin
Alumni Achievement Awards 2021
Re: Ray Dalio (MBA 1973); Ndidi Nwuneli (MBA 1999); Mezuo Nwuneli (MBA 2003); Terry Virts (GMP 11); Deborah Winshel (MBA 1985) -
- 17 Apr 2020
- NPR - Morning Edition
Decreasing the Wealth Gap
Re: Ray Dalio (MBA 1973)
More Stories Featuring Ray Dalio
