Ray Dalio Discusses Major Financial Crises (Podcast)
Masters in Business
00:00
Is It Just the Nature of the Debt Cycle?
I think it's totally understandable, in the sense that capitalism right now is not working for the majority of Americans. But if you take the bottom 60%, I did a study of carving out what is it like the bottom 60% because I want to look at the majority. Those conditions are bad. There hasn't been income growth there 30 years, right? On a real basis. So we have a greater economic polarity you have. We're also, we don't have that same sort of contact with each other.
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