Ray Dalio Likens China’s Moves to Disappear Citizens to ‘Strict Parent’
Billionaire investor Ray Dalio likened China’s moves to banish private citizens from the public eye to those of a “strict parent.”
The founder of investment management firm Bridgewater Associates was speaking with television anchor Andrew Ross Sorkin on CNBC Tuesday.
Sorkin asked Dalio how he reconciles China’s human rights issues and the recent disappearances of high-profile citizens with investing in the country.
“What they have is an autocratic system,” Dalio said. “As a top-down country … it’s kind of like a strict parent. They behave like a strict parent … That is their approach. We have our approach.”
Ick and ugh.