Dalio: Capitalism Needs to Be Reformed

For those (like me) who have never heard of Ray Dalio before; he is number 25 of the Forbes 400 and got there by investing.

He has written a 7,500 word essay on Why and How Capitalism Needs to Be Reformed. -> https://www.linkedin.com/pulse/why-h...1-2-ray-dalio/

Quote:

My exposure to most economic systems in most countries over many years taught me that the ability to make money, save it, and put it into capital (i.e., capitalism) is the most effective motivator of people and allocator of resources to raise people’s living standards. Over these many years I have also seen capitalism evolve in a way that it is not working well for the majority of Americans because it’s producing self-reinforcing spirals up for the haves and down for the have-nots.

via International Skeptics Forum http://bit.ly/2uW9N08