Ray Dalio, founder and co-chairman of the Westport-headquartered Bridgewater Associates, took to Twitter on Sunday with a six-part tweet warning that political and economic divisions are splitting the country into civil war territory, though he added optimism in President Joe Biden”™s call for a new era in American unity.
Dalio noted that last February he publicly called for a president who could “bring together our country to face our challenges in a more united and less divisive way.” Although not mentioning former President Trump and the Jan. 6 riot on Capitol Hill, Dalio in his tweets called attention to the deepening of partisan divides and President Biden”™s promises to unify the nation.
“I believe we are on the brink of a terrible civil war (as I described in The Changing World Order series), where we are at an inflection point between entering a type of hell of fighting or pulling back to work together for peace and prosperity that addresses the big wealth, values, and opportunity gaps we”™re now seeing,” he tweeted. “For that reason I was thrilled to hear what President Biden said at his inauguration. It is consistent with the direction history has shown the country needs to move in.”
The Westport-based hedge fund executive closed his Twitter observation by questioning if Biden and the GOP could bring about a more peaceful political environment.
“Good words and spirit aren”™t enough,” Dalio tweeted. “People will have to agree on both how to grow the pie and how to divide it well. That will require revolutionary change. Doing it peacefully requires both bipartisanship and skill. It won”™t be easy. Our country is still in a terrible financial state and terribly divided.”
This is the second time in a month that Dalio has used the expression “civil war” to highlight political and economic divisions ”“ his previous comments, made in a CNN interview, defined the exodus of companies and business professionals from New York and Silicon Valley to Florida and Texas as “a form of civil war: people are leaving to go from one place to another, partially for taxes, but also partially for other reasons. The worst alternative is that one side or another says, ”˜This isn’t my country anymore. This isn’t my population.”™”
Bidens’ actions prove he is not interested in unity.
Biden will ruin the economy, energy costs are up already. Eliminating the tax cuts for individuals and corporations? Why? Remember how many companies gave out bonus and raises to workers when the tax cuts passed. All gone. Illegals taking manufacturing jobs, construction jobs, minority unemployment will rise. the media will just blame Trump and never call out the democrats, this is the problem, the media are driving people apart. unity will never happen until the media does its job in a non partisan way. I don’t believe they are capable of doing this.
Looks like the crazed Trump cult isn’t giving up their Jonestown delusions, based on the last two comments. The only way we move forward as a country is by purging Trumpism from the GOP. It’s a sickness.
You Woke leftists Are the sickness. Screaming racism at everything. You think Trump created this? No. That was you woke leftists that have created this. Your constant hatred of us, don’t think we don’t notice.
In any group there are always extremists, but to lump everyone who disagrees with you a trumpy racist is just incorrect and no different than stereotyping anything else. The people above don’t agree with Biden for the fact that he is increasing expenses while decreasing jobs and revenue. Oil and gas, while not something we can rely on forever are still needed in the now. They support millions of jobs which puts billions if not trillions of dollars in circulation. I own a custom furniture business in Houston and if people are losing their jobs, then they’re not going to come to me for business, or any other small business who’s in the area…so now we as small business owners are affected and the chain reaction begins all the while I’m also having to pay more taxes? But hey we can all just live on unemployment right? Oh wait that money has to come from somewhere…. Also Mr Biden wants to take away our guns which he’s stated more than once and now is submitting a bill for mandatory gun registration….. Historically every country that’s required this has been proceeded with gun buy backs and confiscation not long after. Just ask any Venezuelan how things worked out in their country… Yes we need to come together but our election choices were too extreme to allow for such things to happen. Far right or left leaders will do nothing but tear us apart, plain and simple. In a marriage it’s about compromise where both sides leave the conversation feeling a little screwed and heard…but Biden and Harris are the far left. I just don’t see that happening….
Ex-President Donald Trump should be tried for treason for what he said and didn’t do on January 6th. I am registered as an independent voter but in the last 20 years I have voted mostly Republican. Never again! Trump is not a Republican and the RNC sold their souls for the WH. In the first three years of Trumps rein, the national debt grew even though the economy was booming! He showed NO RESPECT for our Constitution.