From CNBC: 2024-09-18 22:00:33

Billionaire investor Ray Dalio emphasized the importance of the 2024 U.S. elections, calling for a “strong leader of the middle” to address societal challenges. He highlighted the need for “broad-based prosperity” and expressed concern over irreconcilable differences between Republicans and Democrats.

Dalio warned of potential disruptions to the election process and stressed the need for an orderly transition of power. He cited a “win-at-all-cost mentality” as hindering compromise and decision-making necessary for effective democracy. The election’s outcome will have far-reaching impacts on the global economy.

The divide between Republicans and Democrats extends to key issues like abortion, immigration, and climate change. Regardless of political affiliation, voters nationwide are most concerned about inflation and the high cost of living. Dalio believes neither presidential candidate offers the necessary leadership for the country.

The solution, according to Dalio, lies in moderate individuals working together to drive meaningful reform. He envisions a society with broad-based prosperity, similar to Singapore’s model, where education is prioritized, and public housing is widely available. Despite challenges, Dalio remains optimistic about America’s potential for progress.

Read more: Ray Dalio calls upcoming U.S. election the most consequential of his lifetime