Billionaire Hedge fund investor Ray Dalio sat down with Tucker Carlson to discuss the world’s current perilous situation.
He said that due to mass polarization, the United States is in a kind of Civil War, and we are probably past the point of compromise. We have two sides that are willing to die fighting for their cause.
We must remember that what he says is his opinion, but he does use statistics to back up his concerns.
Dalio described the forces tearing America apart. He said the polarization is the worst since 1900, with the lowest cross-party cooperation and voting since 1900.
The statistics he quotes can be viewed a little bit differently depending on one’s point of view, but they are shocking nonetheless. He said that 60% [54%, according to APM Research Lab. That amounts to 130 million adults) Americans have below a sixth-grade reading level, and only 3 million people drive all technological innovation. The education gap is creating an unprecedented wealth divide.
The wealth and value gaps have grown very wide.
Dalio said we will experience a time warp in the next five years. Current AI systems already match PhD level knowledge across all fields. They compound daily, revolutionizing economic policy, military strategy, social systems, and healthcare.
He doesn’t believe that we can catch up to China in manufacturing in our lifetimes. China controls 33% of global manufacturing, more than the US, Europe, and Japan combined.
They dominate robotics, chip production, and AI applications.
The Bridgewater CEO sees the US’s last advantage as innovation and universities; however, our top innovators are foreigners who came to our universities, and with AI reaching PhD level knowledge, even this edge is at risk.
Dalia also believes that AI will lead to one of two scenarios: complete totalitarian control, or total anarchy. The scariest part he says is no one’s in control of the transition. His answer is to develop strong, small communities.
Personally, I think Donald Trump is aware and is trying to delay some of the totalitarian forces and make the US a center on innovation, business, and AI technology.
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I wish I could avoid the race issue but in this case it is impossible.
I have not seen the demographics of those 130 M who can barely read, who are semi illiterate, but I would bet money most of them are black, then the second largest group is Hispanics either legal or illegal, and whites are the smallest portion of that 130 M.
I remember about 10 years ago I think it was Katie Shaidles at Taki Magazine ( she passed away later ) , in an article, they had stats based on an analysis of text messages sent on cell phones, and the group that was the most illiterate by far was blacks.
So yes there is a problem in the USA with education, and related things, but democrats have spent the last 60 years lowering the bar for non-whites, which in the end is harming non-whites, it is not helping them.
But of course democrats have also dumbed down almost everything , so yes white students are also affected, I mean they are taught that they should hate their own race but are barely taught how to read or count, but they are a bit less affected than non whites.
So if the USA is in bad shape, it is mainly because of what the left has done in the last 60 years, pretty much everything the left does produces negative results.
From abortion to men in women sports, to open borders, to dumbed down education, to rigged elections, to using USAID $ Billions to finance left organisations that in turn harm the USA even more, to a main stream media that lies to hide the harm the left is doing, it is hard to find one thing democrats support that produces anything good.
And the left is doing basically the same in other nations such as Canada, Ireland, Australia, France etc etc
They are a cancer on Western Civilization.
If I had a nickel for each time a hedge fund manager tried to explain the world to me. I do not care what they think anymore than an athlete or celebrity.
There is no time warp happening in the next 5 years. There is no such thing as artificial intelligence. Development of SW technology has been underway many years. It does not suddenly warp. He is technically illiterate.
So what if we cannot catch up to China in his lifetime? Should we then not try?
He wants someone to control the transition??? So then, he wants central control. How about technology proceed naturally? So, we are going to “warp” into totalitarian control or anarchy? No sale.