- Ray Dalio said Trump’s governance approach resembles that of hard-right states in the 1930s.
- He clarified that he is not calling Trump or his government fascist.
- Dalio suggested that Trump’s “government renovation” and “America First” policy mirror operational styles of past regimes.
Billionaire investor Ray Dalio analyzed Trump’s potential government restructuring based on historical parallels with hard-right regimes from the 1930s.
In a LinkedIn commentary, Dalio compared Trump’s reform efforts to a corporate takeover of an inefficient company.
Dalio noted that Trump’s government restructuring involves significant reforms, staff replacements, cost-cutting, and technological advancements.
Recent announcements include Elon Musk and Vivek Ramaswamy leading a new Department of Government Efficiency, aiming to reduce headcount and eliminate federal agencies.
Dalio likened Trump’s approach to Gordon Gekko’s “greed is good” speech from the movie “Wall Street,” highlighting similarities with hard-right states from the 1930s.
While Dalio clarified that he’s not equating Trump’s administration with fascism, he emphasized the parallels between Trump’s policies and those of past nationalist governments.
He urged understanding of historical precedents to comprehend the nationalistic, protectionist, and top-down policies of the current administration.
Dalio: Trump fielding ‘win-at-all-cost loyalists’
Dalio described Trump’s inner circle as “win-at-all-cost loyalists,” including Musk, Ramaswamy, and Secretary of State nominee Marco Rubio.
Please rewrite this sentence.
