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May 29, 2020

How capitalism needs to change, according to Ray Dalio

The founder of the biggest hedge fund has plans to restructure capitalism to better serve more people. And, the White House is out with an executive order to try to remove some legal protections for social media companies.

Dalio says the combination of debt, a large wealth gap and an economic downturn create instability that history has shown leads to extreme conflict. — Dalio says the combination of debt, a large wealth gap and an economic downturn create instability that history has shown leads to extreme conflict.
Kimberly White/Getty Images for TechCrunch

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Segments From This Episode

How Trump’s executive order would change social media and the internet
by Molly Wood
Brendan Smialowski/AFP via Getty Images
Without the 1996 law Section 230, the internet as we know it would not exist.
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Ray Dalio says we need to reform capitalism to make it work for everyone
by David Brancaccio and Daniel Shin
Kimberly White/Getty Images for TechCrunch
“Isn’t our objective to work together peacefully and achieve greatness together in a broad way?” Dalio asks.
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Music from the episode

The Team

David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Technical Director
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Rose Conlon Producer
Brian Allison Technical Director

How capitalism needs to change, according to Ray Dalio