The last time we had internal conflict higher than current levels was what it was late 19 sixties, rant. How much of the resentment and internal strife do you think is a result of increasing concentration of wealth, or wealth in equality? You've called wealth inequality a national emergency. Do you think it's the big driver? It's certainly one of the big drivers,. particularly if there's a sense that the system is unfair.
History, in the eyes of legendary investor Ray Dalio, is a perpetual motion machine. Nations rise and fall according to an inevitable cycle where peace and prosperity are always followed by depression and war. And in his new book, “Principles for Dealing with the Changing World Order,” Ray says the United States is now in the downward part of that cycle.
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