Please, the two of you, dazzle me with your on-topic discussion.
Dalio goes full retard, likes MMT
- Thread starter nooby_mcnoob
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Please, the two of you, dazzle me with your on-topic discussion.
Gee, I don't know. You've already plumbed the depths of this discussion. You copied-and-pasted the piece and called Dalio a "retard." What else is there?
And herein lies the problem with these economic theories. They are never "correctly implemented" according to academics. So what happens is the people who will benefit pick and choose the parts that benefit them. In this case, Dalio is aligning with the politicians who salivate at the prospect of even more control over the economy. This benefits him because he understands government control very well.
Since you are guaranteed to have this occur no matter the theory, what is the right thing to do?
In that case, kindly take a dignified exit from this thread.
Right. Because Ray Dalio is only in it for himself and doesn't give a shit about anyone else:
https://www.daliophilanthropies.org/
Nothing like the "transparent" Trump whom you evidently admire.
So since Dalio is a "retard," do tell us what you propose.
"Going full retard" is a meme. Please don't calibrate your entire life story on it. If you can't handle it, best to accept that you will litigate words for no reason except to say "gotcha" and go to a thread where that is appreciated.
I believe Dalio wants the best for everyone on the face of it. But Dalio's company Bridgewater is run very much like a socialist government would be run (Google Bridgewater politburo - sounds familiar?). Dalio wants Bridgewater to continue doing well since his family's well-being depends on it. One way to do that is to systemize regulatory capture, which I have no doubt, they have a machine to do. Cohen half systemized insider trading, but sort of got caught. Everyone does it, one way or another.
Besides that, I do have some personal experience that leads me to think they do this but it's inference based on stuff that I would rather not disclose.
If everything he touches on for discussion purposes is without merit, then what do you propose?
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I suppose you have a point or are you doing the typical weak sarcastic thing
Dalio and Bridgewater are definitely very cult-like in how they run their company. However it's an invalid logical leap to state that this means they want the U.S. government to be run in the same manner. From my personal experience the U.S. military is the most socialist organization possible...the government provides your healthcare, housing, food, clothes, even childcare..to each according to their needs. And it tells you what your job will be according to its estimation of your abilities, tells you where to live, which organs you get to keep (wisdom teeth-gone, want them or not, problem or not!), even regulates where you can travel when you're not working and what businesses you can enter (you can literally be put in prison with a felony level conviction for going to Tijuana or your local shop that sells bongs or even certain strip clubs or auto dealers). That's beyond socialism, it's a damn good approximation of full on communism. And yet the folks in the military and military leadership are extremely conservative by and large and the fact that they work in an organization run on communist principles in no way means they advocate for a communist government for the country they defend. You can no more claim that Dalio and the folks at Bridgewater are advocating for a socialist government because of how they internally run their organization than you could say that of the military, it's an utterly absurd statement.