Ray Dalio Discusses Major Financial Crises (Podcast)
Masters in Business
00:00
The Wealth Gap
In 1929 to 1932, as in 2008, 2009, there was a debt crisis and that where an interest rate's at zero. The top one-tenth of 1% of the population's net wealth is equal to the bottom 90% combined. And so we have the emergence of populism. Now, four countries decided to go from democracies to dictatorships.
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