>Dalio won’t talk politics in the specifics, but he says he has a strong aversion to any kind of prejudice, and worries about the vitriol being leveled at him and his Croeseus-like cohorts.
While my initial reaction is to laugh when I hear billionaires complain about being oppressed, and while I expect the thread to respond similarly, it is also important to take a step back and remember which minority groups we might be indirectly spewing hate towards. Though they comprise 2% of the American population, American Jews comprise close to 20% of American billionaires. Often times I've noticed hatred towards billionaires is just masked anti-semitism.
Honestly, it wouldn't be bad for the world economy if China were to sell some US Treasury bonds and bid yields a little bit. The smart way to avert the time bomb that is the US equity market is to take a little bit of pain now in a controlled and manageable fashion, in order to avert an eventual uncontrolled crash.
It does seem that people are getting more militant, more aggressive, more angry these days. Kind of makes me wonder how bad the world could get in a sharp downturn like what we saw about a century ago.
Interesting piece until the guardian adds this random piece of dismissiveness at the bottom:
“Theirs is that old, radically conservative, message: everything must change so that everything can stay the same.”
Which is the opposite of what he is saying.
The press are political actors. Until they admit that they too are responsible for creating the system as it is and critique themselves, they are just as dishonest as any other politician.
A different view is the press, at least the most popular press, are corporate actors, and so are nearly all federal level politicians. It's not so much that the press are spewing political propaganda as the press and the politicians are both spewing corporate propaganda.
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[ 0.20 ms ] story [ 33.1 ms ] threadWhile my initial reaction is to laugh when I hear billionaires complain about being oppressed, and while I expect the thread to respond similarly, it is also important to take a step back and remember which minority groups we might be indirectly spewing hate towards. Though they comprise 2% of the American population, American Jews comprise close to 20% of American billionaires. Often times I've noticed hatred towards billionaires is just masked anti-semitism.
Just a friendly reminder.
It does seem that people are getting more militant, more aggressive, more angry these days. Kind of makes me wonder how bad the world could get in a sharp downturn like what we saw about a century ago.
“Theirs is that old, radically conservative, message: everything must change so that everything can stay the same.”
Which is the opposite of what he is saying.
The press are political actors. Until they admit that they too are responsible for creating the system as it is and critique themselves, they are just as dishonest as any other politician.
It's even worse, they're not elected.
The guardian’s propaganda is weirdly leftist for corporate propaganda.
https://www.linkedin.com/pulse/why-how-capitalism-needs-refo...