US is sliding towards 1930s-style autocracy, warns Dalio

Hedge fund billionaire Ray Dalio has warned Donald Trump’s America is drifting into 1930s-style autocratic politics — and said other investors are too scared of the president to speak up.

The Bridgewater Associates founder told the Financial Times that “gaps in wealth”, “gaps in values” and a collapse in trust were driving “more extreme” policies in the US.
“I think that what is happening now politically and socially is analogous to what happened around the world in the 1930-40 period,” Dalio said.

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Financial Times