Hedge-fund billionaire Ray Dalio says capitalism is failing America

In a new essay, Dalio wrote that capitalism is failing the majority of Americans and has to be reformed because concentrated and restrained wealth does not benefit the overall economy and destabilizes society. In a new LinkedIn post, Dalio analyzes the ways America’s economy has been failing the majority of its citizens and places the current environment in a global perspective. Dalio listed reasons why capitalism isn’t working as it should in the US:

There’s been no real wage growth, adjusted for inflation, for the majority of Americans since 1980.

Source: www.businessinsider.com