It sounds like Ray Dalio is happy to invest in any regime no matter how egregious:
“What they have is an autocratic system and one of the leaders described it that the U.S. is a country of individuals and individualism…in China it is an extension of the family,” says @RayDalio. “As a top down country what they are doing is–they behave like a strict parent.” pic.twitter.com/MNZKMdtPy2
— Squawk Box (@SquawkCNBC) November 30, 2021
Mitt Romney has it:
Ray Dalio is brilliant and a friend, but his feigned ignorance of China’s horrific abuses and rationalization of complicit investments there is a sad moral lapse. Tragically, it is shared by far too many here and throughout the free world.
— Mitt Romney (@MittRomney) December 2, 2021
If Mr Dalio is so keen on following “the rules” then the free world should give him some and apply a massive Tobin tax to his (and all) China investments.
It’s preposterous allowing Wall St to recycle free world savings as weapons aimed at freedom.