Billionaire U.S. Hedge Fund Manager Ray Dalio Gushes Over China's 'Common Prosperity' Crackdown

Billionaire U.S. Hedge Fund Manager Ray Dalio Gushes Over China's 'Common Prosperity' Crackdown


Ray Dalio admires China’s push for “common prosperity” and thinks the U.S. should adopt a similar approach.

The founder of the $150 billion investment firm Bridgewater Associates praised China’s crackdown on and individuals and businesses from video games, to property development, to test preparation as part of a campaign to more broadly distribute the gains of China’s growth over the past two decades.

“As Deng Xiaoping and others understood, it’s a cycle,” Dalio said at a UBS Group investment conference Monday, according to the Wall Street Journal. “First you get rich, and then you make a point of distributing those opportunities in a more equal way.”

Critics see the treatment of Jack Ma, co-founder of Alibaba who recently all-but vanished from the public eye,

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