the new system needs to have natural morals and integrity in which today we do not have, we need a revolution that makes goodness and equality fair and does not reward evil and disgusting views
China does have a pension plan - part of it is the government portion and the other part is one like the Canada Pension Plan that holds money from our paychecks.
Professor Michael Hudson has a different take. Financial Capitalism vs. Industrial Capitalism. The western countries have gone for the former, while China, the latter. Financial is parasitic (FIRE sectors), Industrial is productive.
Both are market capitalism and exploit the masses without state capitalism accountable measures .That's the case in China since Beijing's crackdown in November 2020 on the Ant Group IPO. Beginning of the end of market capitalism in China running wild for 4 decades and making China rich $$$ The CPC stepped in with a dose of state capitalism to contain and redirect prosperity... Common Prosperity! We shall see the results when Zero covid retreats.
Mr Ray could you please comment on why nearly all the colanies of empires have failed to achieve development goals. Thanks for very open views you sheared about the investments. Note Could you please add the youtube link mentioned at the end regarding his book.
Trading is a positive game. Each party offers what it is best at. The desciptions are more about stock trading. However there as mamny econmics as there are human needs. The role of economists is about understanding the functionning of the markets and if needs be advize whichever party based on its own objectives. For the State it could be social equity, correcting information asymetries or power imbalances (anti-trust). Just bear in mind that it is the politically and financially powerful that run the economy, not the economists. Economists are just workers that serve anybody much like lab technicians. They can help to design how to make a region of the world prosperous (Western Europe and Japan and south Korea) or how to exploit it (Africa and South america in the 20th century).
Ray sounds like he is talking about Japan of the early nineties. They had similar issues, but demographics could not be avoided. China likely will be the same, future stagnation until demographics gets better. They could fix it quicker if they encourage migration to China. Japan could not do that so they have stood still for decades. IMO
China has 12x the population of Japan... both are in East Asia. That's about it...different world's! China has many different nationalitys including Africans.... Many muslims, Russians, etc.etc. That's not the case in Japan ...mostly Japanese with the largest immigrant group being Brazilian.
Not much criticism about the market religion that underlies every part of society and every part of our collective behavior. I guess he's not finished being a right-wing believer. Sad..
So much respect for Ray Dalio, America's most legendary economist and historian.
I'm a big fan of Ray 🖤
the new system needs to have natural morals and integrity in which today we do not have, we need a revolution that makes goodness and equality fair and does not reward evil and disgusting views
Exactly
RAY is the rare genius who's also a great communicator
Like Jim’s Cramer
Ray Dalio for President!
China does have a pension plan - part of it is the government portion and the other part is one like the Canada Pension Plan that holds money from our paychecks.
Radical open mindedness is the important point
Word!
I am a big fan!
Such a great mind is talking, so few comments!
Professor Michael Hudson has a different take. Financial Capitalism vs. Industrial Capitalism. The western countries have gone for the former, while China, the latter. Financial is parasitic (FIRE sectors), Industrial is productive.
Both are market capitalism and exploit the masses without state capitalism accountable measures .That's the case in China since Beijing's crackdown in November 2020 on the Ant Group IPO. Beginning of the end of market capitalism in China running wild for 4 decades and making China rich $$$ The CPC stepped in with a dose of state capitalism to contain and redirect prosperity... Common Prosperity! We shall see the results when Zero covid retreats.
Mr Ray could you please comment on why nearly all the colanies of empires have failed to achieve development goals.
Thanks for very open views you sheared about the investments.
Note
Could you please add the youtube link mentioned at the end regarding his book.
"The greatest capital is human capital."
Trading is a positive game. Each party offers what it is best at. The desciptions are more about stock trading. However there as mamny econmics as there are human needs. The role of economists is about understanding the functionning of the markets and if needs be advize whichever party based on its own objectives. For the State it could be social equity, correcting information asymetries or power imbalances (anti-trust). Just bear in mind that it is the politically and financially powerful that run the economy, not the economists. Economists are just workers that serve anybody much like lab technicians. They can help to design how to make a region of the world prosperous (Western Europe and Japan and south Korea) or how to exploit it (Africa and South america in the 20th century).
Interesting, I could say so much, I'll confine myself to suggesting there are more than five types of war, 'spiritual' for example.
The above reads as quite negative, much of my undisclosed thoughts are in line with Ray.
Thank you Ray.
Moderator: So Ray, if someone is interested in learning about markets, what should they do? Ray: They should play the markets. Moderator: *gasp*
a smart cookie
Thats sexist
history is predictable, wars and money go hand in hand
Ray sounds like he is talking about Japan of the early nineties. They had similar issues, but demographics could not be avoided. China likely will be the same, future stagnation until demographics gets better. They could fix it quicker if they encourage migration to China. Japan could not do that so they have stood still for decades. IMO
China has 12x the population of Japan... both are in East Asia. That's about it...different world's! China has many different nationalitys including Africans.... Many muslims, Russians, etc.etc. That's not the case in Japan ...mostly Japanese with the largest immigrant group being Brazilian.
Not much criticism about the market religion that underlies every part of society and every part of our collective behavior. I guess he's not finished being a right-wing believer. Sad..
'Nuther soi disant expert who says "comparative advantage" when she means "advantage" -- or just skill or luck.