Monday, April 8, 2019

Ray Dalio speaks on 60 Minutes


I could bitch and moan that he's 20-30 years late to these realizations, but it's more useful to praise the work he has done to quantify the situation. His graphs and stats paint a sad picture.

I think Democrats have been worried about issues of the day, but there has also been interest in improving education. It was the big issue of the late 1980s and 1990s. Patent reform was on Pres. Obama's agenda. Banking reform was done in the early 2010s to reverse a lot of the deregulation which bankers had (effectively) bought from Congress over the preceding 50 years. Democrats have been trying to get a minimum wage for a long time. It isn't happening. So, the issues are not unknown and it isn't as if there is nobody paying attention to these problems.

Dalio will hopefully connect with Republicans and business leaders. It's a step in the right direction. Hopefully specific policies will follow.

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