Hedge fund billionaire Ray Dalio has warned that Donald Trump’s America is drifting into 1930s-style autocratic politics — and said other investors were too scared of the president to speak up.The Bridgewater Associates founder told the Financial Times that “gaps in wealth” 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,” he said.State intervention in the private sector, such as Trump’s decision to take a 10 per cent stake in chipmaker Intel, was the sort of “strong autocratic leadership that sprang out of the desire to take control of the financial and economic situation”, Dalio said.His comments to the FT mark a rare criticism of Trump by a prominent financial figure, despite mounting private alarm among some Wall Street investors at the president’s policies.“I am just describing the cause-and-effect relationships that are driving what is happening,” he said. “And, by the way, during such times most people are silent because they are afraid of retaliation if they criticise.”
No persons identified in this episode.
This episode hasn't been transcribed yet
Help us prioritize this episode for transcription by upvoting it.
Popular episodes get transcribed faster
Other recent transcribed episodes
Transcribed and ready to explore now
Trump $82 Million Bond Spree, Brazil Tariffs 'Too High,' More
16 Nov 2025
Bloomberg News Now
Ex-Fed Gov Resigned After Rules Violations, Trump Buys $82 Mil of Bonds, More
16 Nov 2025
Bloomberg News Now
THIS TRUMP INTERVIEW WAS INSANE!
16 Nov 2025
HasanAbi
Epstein Emails and Trump's Alleged Involvement
15 Nov 2025
Conspiracy Theories Exploring The Unseen
New Epstein Emails Directly Implicate Trump - H3 Show #211
15 Nov 2025
H3 Podcast
Trump Humiliates Himself on FOX as They Call Him Out
15 Nov 2025
IHIP News