Ray Dalio, Founder of World’s Largest Hedge Fund: Weak Economy Makes Second Adolf Hitler More Likely (VIDEO)
In an interview with CNBC, the founder and manager of the world’s largest hedge fund, Bridgewater, said that he fears that a weak global economy could lead to “social disruption,” citing an example he said, “Hitler came to power in 1933, which was the depth of the Great Depression because of the social tension between the factions.”
“I don’t know whether we are beyond the point of being successively able to manage this, and I worry then about social disruption,” said Ray Dalio, who is thought to be one of the world’s wealthiest fund managers, worth an estimated $10b according to Forbes.
“When people get at each other’s throat, the rich and the poor and the left and the right and so on, and you have a basic breakdown, that becomes very threatening,” Dalio said in the interview with Andrew Ross Sorkin.
The billionaire expressed hope however, saying, “so I think it very much is dependent on how the people work this through together, and worry about the social elements.”
In 2012 Dalio was listed on the Time 100 list of the world’s most influential people, published by TIME magazine.
A video of the CNBC interview with Ray Dalio can be viewed below.