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Ray Dalio Ray Dalio @raydalio · 1.5K subscribers
Post #177 903
For these reasons, it seems to me that there is only one possible path forward that will require two important things to happen. Since the fighting between those on both sides of the political spectrum and the abandonment of their compromising and rule-following will produce much more harm than good, the United States needs a strong leader of the middle to bring people together and to make necessary, unpopular reforms that make the system work well so there is broad-based productivity and prosperity. That seems like a long shot. Another long-shot possibility is that both a) AI will be so hugely productivity enhancing and will not produce a bubble that will lead to a bust that will economically hurt many people, and b) that there is good enough political leadership and cooperation to distribute the benefits of these AI-based productivity gains to the satisfaction of most people. Hopefully, capable Americans will rise above their individual interests and work together to run things well for most people. Since there has never been more income, wealth, and intelligence in the world, this certainly is a possibility.

In closing, I want to reiterate that I'm not political. I'm just a hyper-realistic guy who has spent most of my life distinguishing what works and what doesn't in order to bet on the winners and avoid the losers and I’m passing along how I see things with the hope that it's of some use.

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