Ray Dalio Says Capitalism Must Be Reformed, Not Abandoned

“Huge gaps in spending and living conditions are threatening the existence of our system,” Ray Dalio wrote Friday in an editorial published by CNN. “We need to reform capitalism, not abandon it.”

While the billionaire investor and founder of Bridgewater Associates thinks the economic system has proven to be the best throughout history, he said it’s still flawed and has been “intolerably imperfect in providing equal opportunity.”