Business
Billionaire warns extreme inequality could trigger ‘terrible civil war’ – Yahoo Finance Australia
“When you have that wider wealth gap and then you have another downturn in an economy, that’s a formula for a lot of conflict.”
Ray Dalio has a chilling warning. (AP Photo/Ng Han Guan, File)
Billionaire investor Ray Dalio has warned that the US is on the verge of a terrible civil war if widening inequality isnt repaired, in a series of tweets this week.
The US$16.9 billion (AU$22 billion) founder of the Bridgewater Associates hedge fund said the US had reached an inflection point where it will either change direction to work together for peace and prosperity, or enter a type of hell of fighting.
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