Economic Recovery Will Require 'Lessening Of The Wealth Gap,' Says Hedge Fund Titan

https://www.npr.org/sections/coronavirus-live-updates/2020/04/16/836155692/economic-recovery-will-require-lessening-of-the-wealth-gap-says-hedge-fund-titan

Noel King
April 16, 2020


Ray Dalio is known for making lucrative predictions. His hedge fund, Bridgewater Associates, is the largest in the world. But Dalio, a billionaire himself and one of the world's most successful investors, says capitalism is broken.

Even before the coronavirus pandemic hit, Dalio had warned that the wealth gap represented a "national emergency." The outbreak, he says, is only exacerbating the disparities between the rich and the poor.

"We will have ahead of us the question of who's going to pay the bills and how will we redefine things," he says, adding that the solutions will "necessitate a lessening of the wealth gap."

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