Commentary Envision a country in which “the state runs capitalism to serve the interests of most people” and our politicians won’t let “rich capitalists stand in the way of doing what they believe is best for the most people of the country.” That sounds a lot like Bernie Sanders or Alexandria Ocasio-Cortez describing their far-left ideal for America. It’s not that far removed from the Marxist maxim that predates Karl Marx himself of “from each according to his ability, to each according to his needs,” and it goes completely against the free-market principles that drive successful investors and entrepreneurs in the Land of the Free, right? Except that this observation was written earlier this year by the multi-billionaire founder of the world’s largest hedge fund, Ray Dalio, co-chairman and driving force of Bridgewater Associates based in Westport, Connecticut—one of the most trailblazing and innovative money managers in the history of …
Selling His Fellow Capitalists the Rope With Which Communist China Will Hang Them
December 9, 2021
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