Why (and how) capitalism needs to be reformed

Ray Dalio of Bridgewater Capital has a personal net worth reported to be over $18bn, sourced from his hugely lucrative hedge fund business.

When he wrote a 7,500-word opinion piece this month called “Why (and how) capitalism needs to be reformed”, this created a stir for sure. I don’t agree with all of his points, but I find it powerful that someone who has made billions from capitalism will now speak so clearly about how the entire system needs reform.

With approaching 600 daily articles on this site, themes keep repeating, plus there is always an element of curation of ideas, sometimes simply sharing something I’ve read from others with minimal added opinions of my own.

Two points only from me today before sharing Ray Dalio’s article:

1. Inequality and the need to reform capitalism are repeated themes for me on this site. Curating some of my own articles on this, start with “Purpose, People, Planet. The new triple bottom line.”, “Income inequality — history is a teacher”, “CEO Pay and Ugly Leadership”, “Beautiful Leadership — Purpose and the Corporation”.
2. Narrative is key to making your point. As I was taught long ago: “never make a point without telling a story”. Ray Dalio makes his key points in the first four paragraphs of his article, as not everyone will read…