CNBC: Ray Dalio, Bridgewater Associates founder, co-chair and co-chief investment officer, discusses his new book, “A Template for Understanding Big Debt Crises,” which looks back on the lessons learned from the financial crisis.
I hear a slight argument among the pundits in this interview. There’s talk about the bottom class and the rise of populism as a result of wealth inequality. The truth is, many of these people in mainstram news are too afraid to ‘tell it like it is’ concerning capitalism.
Free market laissez-faire economics is based on merit. It rewards the producing of value and punishes theft, trickery and laziness. There is a natural order to economic stability, and people who don’t want to work—shall not eat either. The government should not take care of them, and the natural cycle of economic highs and downturns is the result of human nature.
We are in control of our lives in a free market economy such as the United States. If you have the ability to start of a business or hold a job, then it is your responsibility to save your money, invest, and live below your means. Perhaps, when things go awry in the economy, the austere conditions are blamed upon those who squandered their wealth, while the government taxed the middle class into oblivion.