Billionaire Ray Dalio Says “Capitalism Is Not Working” for Most People

Bernie Sanders says we should look to the more Democratic Socialist model of Sweden.
Swedes get baby leave etc, but Swedes earning $37,000/year pay up to 60% of that in income taxes.
The Socialist model failed so completely that Sweden privatized the postal service and Social Security. In many ways, Sweden has freer market capitalism than the USA according to video.
 
nooby_mcnoob said:
1) Dalio has said nothing about giving anyone anything for free, in fact he has said the opposite numerous times.

2) Dalio is pointing out that there is a segment of the US citizenship that you probably never come in contact with, the 40% who can't scrape together $400 for an emergency.

3) If the system is working, then it is only working for the 60%. That should not be acceptable to you because such an imbalance will lead to violence, as Dalio has said numerous times (and has happened before.)

Edit: I am not advocating for free stuff either.
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I see your points; but the 60%{USA} that chose not to save/invest $400- they chose that.:cool::cool:
 
KeLo said:
Bernie Sanders says we should look to the more Democratic Socialist model of Sweden.
Swedes get baby leave etc, but Swedes earning $37,000/year pay up to 60% of that in income taxes.
The Socialist model failed so completely that Sweden privatized the postal service and Social Security. In many ways, Sweden has freer market capitalism than the USA according to video.
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The "elite globalists" studied the history well.

Rome fell because of socialism, feminism, degeneracy, migration, etc.

They knew very well the recipe to destroy a civilization and keep the masses in control and poor. Competition is never good for these 'elites' because they don't want competitors to their businesses. A way to maintain their monopoly is to cut incentives for innovation, business expansion, and so on. In other words, Communism/Socialism.
 
murray t turtle said:
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I see your points; but the 60%{USA} that chose not to save/invest $400- they chose that.:cool::cool:
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Yes, they chose that because they are smart: They know we would bail them out when the time comes and in the mean time they enjoy life whereas we deprive ourselves of things we enjoy in order not to depend on handout in our old age. :finger:
 
carrer said:
The "elite globalists" studied the history well.

Rome fell because of socialism, feminism, degeneracy, migration, etc.

They knew very well the recipe to destroy a civilization and keep the masses in control and poor. Competition is never good for these 'elites' because they don't want competitors to their businesses. A way to maintain their monopoly is to cut incentives for innovation, business expansion, and so on. In other words, Communism/Socialism.
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Yes. You are right. The globalists who own all the corporations are looking to destroy the world’s economy.
 
ironchef said:
Yes, they chose that because they are smart: They know we would bail them out when the time comes and in the mean time they enjoy life whereas we deprive ourselves of things we enjoy in order not to depend on handout in our old age. :finger:
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Smart?? For those that like being a slave. OK ;save nothing, invest nothing, jump in ACA slavery; but prepare for a gov death panel.[Dr Bern Carson called ACA Slavery] Some say ,never happen; but VA has already proved my point.
Of course , I see Mr Dalio's point; USA is a very small part of world population.But to starve in USA you would have to work real hard to starve; or not work @ all. I saw on the news a homeless man became a millionaire =pattern of picked up cans on the street- he had some help+ good work habits.:cool::cool:

I read about a kid who was too poor to buy a school lunch-that was before the schools gave ''free meals'' But on the way[WALKING] to school, he noticed lightening struck a cedar tree .So he gathered some sticks to trade the school cook for meals,. The kid grew up to be a big time logger.:cool::cool:The fault is not capitalism; as my banker dad used to say '' its operator trouble''
 
ironchef said:
ACA slavery? o_O
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Exactly; DR Ben Carson=private sector DR.Also Mr Ray D known ,for enjoying people disagree with him.OK ;Putin is a liar; a good bear trend or even a bear market/GE, is not a failure of capitalism. It can prove IBD right ; 200dma SPY, QQQ related = is a late sell signal LOL. Small caps are not going down as much as they did in 1987, could be bullish for them NOT a prediction.:D:D
 
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