In early December, Ray Dalio, the billionaire founder of Bridgewater Associates, raised the alarm about the class and power struggles tearing the country apart, saying the US could be at a tipping point from manageable internal tension to revolution and / or civil war. “
A few weeks and a new president later, and Dalio doesn’t seem to be getting any more optimistic about the country’s outlook.
“I believe we are on the brink of a terrible civil war,” Dalio wrote. “We are at a tipping point between entering some kind of hell of fighting or retreating to work together for peace and prosperity that addresses the great wealth, values and gaps of opportunity that we now see.”
However, he said he was “thrilled” about what President Joe Biden had to say at his inauguration last week. “It is consistent with the direction history has shown that the country needs to move,” Dalio said on Twitter TWTR,
on Sunday.
But will Biden and both sides do their part to narrow the gap?
“Good words and spirit are not enough,” added Dalio. “People will have to agree on how to grow the cake and how to distribute it properly. That requires a revolutionary change. “
Here is its whole tweet storm:
Dalio, with a reported net worth of $ 18 billion, is the 46th richest man in the world, according to Forbes.