don't you know Joe Kernan has been anointed by his superiors (who are yelling what he's supposed to say, in his earpiece from the CNBC control room) , as the *crusading capitalist knight* who's sworn oath and holy duty is to constantly interrupt and shout down ALL guests who dare challenge the status quo and interrupt the cheer-leading of the running of the bulls for one mere millisecond, @@theodorebusche7325 ??
Really hard to watch! The grandstanding buffoonery of these hosts is vomit worthy. To CNBC, you know there’s a guest here, Ray Dalio, want to let him speak??
Vester from my perspective and as my opinion: he just had differing points and didn’t want to respond to ray’s tactic trying to box him into micro agreements. I hear what you’re saying but personally I value the differing perspective. As a consumer of this material, I ask they not fire him.
Vester Joe was very rude to Warren Buffet when he was being interviewed. Joe was talking nonsense over Buffet and constantly interrupting him. Same here with Dalio, this Joe guy is full of himself.
How am I suppose to understand this guy if Joe won't shut up?? Joe's job description must be to gin everything up. God let the guy talk. Yeah America's got a be beautiful system that can only realistically be said to benefit the top 10% at most and even more the very top .1%. The point highlighting incarceration rates drives the point home. How can you say we're a great country when US rates are 5 times > than the next closest country. WTF??? That's a societal issue.
Joe has a good argument --It's a real head-scratcher how Ray Dalio ignores the combination of the 1965 Immigration Act and the hordes of sub 85 IQ Chain migrants filling our country, Second, the unionization and public school tenure System creating failed schools, and failed family values, illegitimacy rates of 75% fatherless homes etc. where is this guy coming from? Oh that's right Greenwich Connecticut where he has no contact with the reality of our society.. I guess he's never been out of his plush offices to see what really is going on? Please ask him if he thinks LBJs Great Society PROGRAM was a gift or a curse? and based on that answer either continue to interview him or IMO Usher him off the stage.
@@rmondave LOL, you must have good data to back up your claim of somehow immigration lowers IQ of this country? Or union in public school system is the cause of under performance, instead of the severe under funding of almost every secondary education system in this country? Turn off Fox News before it rots your brain beyond repair. Ray's point was there are opportunities that were available to majority of the population back in his day that are no longer available. For example college education became too expensive. The cost of college has risen 500% since even the late 80's. There are 70,000 high paying tech job vacancies in this country that can not be filled right now because the lack of qualified candidates, yet morons like you can somehow turn it into an immigration issue.
CNBC would be better off getting rid of Joe. Ray for sure is one of the brightest guy as it comes to investing. But even without his reputation it is unpolite to interupt ppl like Joe does.
they're actually not regarding education and 'broken capitalism'. he has the standard american mentality of 'throw more money at a problem and that fixes it', the people who he wants to help so badly dont want to learn. he tells the sob story of breaking a pencil in half to share it, i went to a top public school where innercity kids came as part of a program and they would just break the computers and stuff the culture in the US has to change, especially the black culture, there's a reason why mud hut students who learn on chalkboards in india/china are able to run circles around the average US student His view of 'im a byproduct from the good days when there was equal opportunity', there is more equal opportunity now than before, but he lacks or chooses not to understand that and instead thinks throwing $100mm at a school system will suddenly change what students think... either part of some scheme to make $ or he's really just that out of touch with reality on this subject
Joe has a few strong points. It's a real head-scratcher how Ray Dalio ignores the combination of the 1965 Immigration Act and the hordes of sub 85 IQ Chain migrants filling our country since then., Second, the unionization and public school tenure System creating failed schools, and failed family values, illegitimacy rates of 75% fatherless homes etc. where is this guy coming from? Oh that's right Greenwich Connecticut where he has no contact with the reality of our society.. I guess he's never been out of his plush offices to see what really is going on? Please ask him if he thinks LBJs Great Society PROGRAM was a gift or a curse? and based on that answer either continue to interview him or IMO Usher him off the stage.
BTW - these CNBC guys really messed up . Specially Joe Kernen. He is supposed to be a journalist. But in this segment he was trying to come across as an expert. Big Fail.
@@Big_Nuke Literally none of them were, the ultra capitalist system was Ray dalios point which is obviously embroiled in tax policy, education etc. Joe missed the point massively.
They were in all actuality arguing if the cananabalistic inequality and widespread US injustice and greed of vulture capitalism even exists, to any effective degree, the host obfuscating and pivoting the conversation to the far edges of common sense logic and reason as a lack of defense of economic effects of these drastic cuts to public education, even though the interruptive host Joe wells knows how the dystopia formerly known as U S of America was historically built by heavily taxing the wealthy, as Joe well understands if his advice is even worth listening to financially, cowering behind his bluster of his territorial rhetoric, that there is unequivicually, no other single arbitrage investment opportunity pay outs in spades, in filling up a given countries future treasury coffers like investing in educating the people does?...8)
CNBC has some of the rudest and disrespectful interviewers of ever seen. They come off very ignorant. I'm not even sure if they would be in business if it wasn't for the simple fact they post prices of stocks. They're better off not having people on their broadcasting and just leaving the price action. Definitely switching to Bloomberg.
The problem with this whole situation is that Mr. Dalio is debating the wrong people. Fact is, you don't discuss football with cheerleaders, and I think the same thing applies to capitalism. He's having a very deep and fundamental. debate with cheerleaders. CNBC on air personalities have very limited insights about the fundamentals of capitalism.
Great Job Ray! Why does Joe Think Public education & Gov. Policies Aren't part of Capitalism? IS THE PUBLIC POLICIES IN USA DONE THE CAPITALIST WAY OR SOCIALIST WAY? PART OF CAPITALISM "IS THE WAY WE DO PUBLIC POLICIES..." (which is different than the socialist way of doing it... ) Thought you Guys are smarter...
is it a great job? kids who learn on chalkboards in dirty schools in india/china can destroy students from the US... why is that if money is the problem? perhaps, money is NOT the problem hmm? 🤔
I'm on the same boat to have Joe interrupt less (not necessarily fired), but did anyone notice his mannerisms? As soon as Dalio shuts him up he practically pouts and completely ignores what the guest is saying..... Seriously shows a lack of respect towards the guest and if I were Ray, I wouldn't come back to CNBC.
I disliked this as a result of that very rude man interrupting. This was an interview, not a debate. You are a news anchor, you don't know anything. Sit there and learn from one of the best in the business.
His mind believes in GOP Capitalism the kind that gave us 8 of last 9 , soon 9 of 10 , RECESSIONS. GOP is inept record speaks for itself. You are your record no complaining no explaining.
13:00 It was Hime Values collapsing in the 2008 crash thay really hurt things. Because Home value is taxed for schools. So School funding is 100% and economic issue, that is incorrect.
Kernen is right. Dalio provides no solutions as to how to "capitalism is not working." The reason is, because capitalism doesn't need to be fixed. It's already been mostly destroyed. The government already has socialized a lot of medicine and education. Almost half of all americans already receive some sort of government subsidy. The government already tried to invent the wheel of it's war on poverty and the great society in the 60s which was a total disaster. It not only created more poverty but all the spending led to the inflationary disaster of the 70s. This is all socialism. Not capitalism. The problem isn't capitalism, the problem is the lack of capitalism. Dalio's only fix is raising taxes on the rich. Wonderful. So that means the government can get more money to waste. They got plenty of money in their war on poverty and subsidizing healthcare and the education system. Look how that turned out. So he wants to send the heavy handed, thoughtless, monopolist, corrupt government comprised of a bunch of a politicians who are serving their own interest more taxpayer money? How is that a solution? Lastly, Dalio is worth about 15 billion dollars. He and his ancestors will never go through all that money. If he is so disturbed about income inequality, why doesn't he put his money where his mouth is? Why not empty out some of his accounts and send them to poor people in need? Why does he retain all this wealth and at the same time suggest others send money to the government to waste? Someone should tell Dalio that it's socialism and too much government that's causing income inequality.
You are so right on on what the US capitalism is doing for the people. It's not about being pro-communism but, exactly, what outcomes we are actually witnessing in our current society and why a reform is really something that we need to look into at this point. There is too much polarization and that is creating too much inhumane social tension.
Dalio could have made his point if he had turned at 21:23 and pointed to that squad of riot cops walking past the window and said: "See. That is what's coming if you are too stupid or ideological to fix capitalism".
World Shaper - have you looked up Andrew Yang yet? Check out his website and interviews. It echoes more closer to Dalio’s message Politicians like Bernie run for the next term. Andrew Yang runs for the future! MATH = Make America Talk about Humanity F(x)irst #HumanityFirst #YangGang #Yang2020
Ok so Joe needs to relax & let his guest speak.. This has been going on for awhile on CNBC and it’s getting annoying.. Having said this, I’m surprised that Joe still can’t read between the lines. In my view, Ray D has a history of speaking in a manner to which it’s up to the viewer to draw his own conclusions. This may be frustrating, but Ray is an extremely calculated person and is very careful what he says on TV. My opinion however, is that Ray believes capitalism is broken (needs to be reformed) & has gotten worse since the Great Financial crisis. Since 2008, TARP, QE1/2/3 it’s been socialism for the rich & capitalism for the poor.. Capitalism allows failures to take place, which then gets replenished buy the savers who get rewarded. Capitalism allows the greedy to pay the penalty for their greed, and the savers to capitalize on the failures of the greedy and this is how people move along the social scale. America was built on this principle of small Gov and power to the people through, life, liberty and property.. We are starting to see the consequences of this 2008 bailout which was not just for the banks, but for greedy which were not allowed to fail and now the people are turning to socialism as the answer.. they are trying to suck money out of the rich to pay for the socialist programs that will just make worse.. It’s all part of the “economic cycle” video I would highly recommend people watch, to which Ray outlines very cleverly how our system works.. ✌️
I don't think more money in education is the solution. The States spend more money per student than any country in the world yet the result is still uneducated students. The problem is school policy and unionized teachers, no child Left behind policy, etc... Poor education policy is responsible for how ineffective the public school system is
17:38 the Public Private Partnership. Now that would make a good charter school. And a Lot of things. The PPP literally saved Copenhagen. Theres a Report from a few years back. Everyone should look into it. Bevause that's excatly what Elon Musk is doing with SpaceX and NASA right god damn now.
10:00 these are actually good questions that people usually don't ask Ray Dalio. I mean i get it I love his books especially the Principals, but he should be questioned when after he made his fortunes using the capitalism system then now wanting to change it after he has profited from it. To be honest he says that the capitalist system helped him keep his workers jobs local to Connecticut which is in turn saying Capitalism as it is worked for him.
The American dream was possible all because FDR' 90% marginal tax rate. He did it to save capitalism as he put it. We have to do this again to save the country some day because our current system see everything as pure business.
I've said it in other social media. We are squandering our children's critical developmental window and wasting the best of psychology on sales and marketing. With a spouse who teaches and as a product of our public education system. Yes, education is super broken. We need improvements as far upstream as possible. Pre-K education for ALL with dual language immersion opportunity. The human brain is the most valuable thing. Let's treat it as such from the very start and pay those feeding it appropriately. The farther downstream we intervene the less impact and more costly. Early identification! Early intervention! Please, take action.
Unregulated capitalism doesn't work for those near the bottom when most of the monies/dollars/sheckles/rubles have been siphoned to the top. #EconomiesOfScale
This is immensely frustrating to watch, on one hand we have hedgefund legend Ray Dalio trying to talk some sense, and on the other hand Joe Kernen forgot to take his medications for the day. Let the man talk before you squawk nonsense, good grief
Ray tried to brush that $22,000,000 tax subsidy he got under the rug. Why not talk about that charge to the middle class and how it relates to income inequality and low funding of schools for the nation?
23:00 my school district did a tom of that. Lots of mt classmates got kickass job's. You gotta get them dreaming a realistic dream job. So everyone doesn't wanna be a rockstar. Lol.
Sorry I have to agree with the reporter and not Ray here. Government interference in the economy is NOT Capitalism. Ray wants to say that is "part of Capitalism", but it isn't. Government's taxing 20%, 35%, 60% or whatever is not Capitalism, it just isn't. Government's creating regulations is not Capitalism, this is policy/
Joe is a joke. Decides to yell “capitalism” repeatedly instead of just listening to what what Ray, a much more intelligent and successful figure was saying.
Is it acceptable to bluntly attack someone's thought in media nowadays? Dalio puts it perfectly, "need to be reformed" isnt relevant only for capitalism but also for the society. Shame on you CNBC, Please do reform
13:03 He`s created jobs, but what quality of jobs are these? A lot are minimum wage (not a livable wage) and little to no benefits. Capitalism would be fairer if: 1.Workers were paid a living wage according to economic circumstances. 2.Workers rights are increased (ie: Unions and public government protection and sitting on the board) 3.Reduce welfare for the rich and increase it for the poor and underpriveleged. If a big corporation is going to fail, allow the market to do what it needs to (If it`s a bank/big manufacturer, apply anti-competition laws to avoid a too big to fail situation). At that point, capitalism would be fairer. A step further, allow co-ownership of companies (The socialist manifesto). Respect to Dalio however, he is a smart guy. Bernie 2020
Gosh the whole interview is heated, but I'm glad they showed it. These are the discussions we're suppose to be having. You don't have to agree. Just let the guests speak and share their points.
Don’t blame capitalism for the wealth gap. It’s been caused by central bank manipulation and massive government. The fed printed 3.4 trillion dollars in the past decade which all went into assets. It went to Wall Street, not Main Street. Rich got richer while the middle classes purchasing power went down significantly due to inflation. You want a strong middle class, you need stable money that holds its purchasing power. The current system requires inflation in order to reduce the debt burden by government. Over taxing the rich will not fix the problem. Also there’s a big difference between someone like Jamie dimon who runs a corrupt bank and someone like bill gates or mark zuckerburg who deserve every penny of their wealth because they created something that has improved the lives of billions of people as well as creates hundreds of thousands of jobs.
The way of thinking of this man is just incredible ..... practical, logical , rational , simple, effective and unbiased....he dissects every issue with the accuracy of a surgeon and solves it.
What Dalio doesn't get is that he is talking with propagandists, not analysts. They were triggered by "capitalism is failing" statement and quickly got on offence to defend their religion by only way they know how. Talk down, interrrupt and roll the eyes.
The problem with Capitalism is Polarization. Modern technology and globalization makes it possible for 'winners' to truly take it all, leaving very little to the 'losers'
Ray means well, undoubtedly. However, the nature of the problem, which he has successfully identified imo, is a reflection of the problem itself; namely the fallibility of those charged with the addressing of the problem ( as I understand it, the obligation to the youth). So with that said Ray, as well meaning as he may be, and as talented he is with understanding it in a engineering sense, not to mention his incredible access to means, will not and cannot be sufficient. As this is a problem with it's roots in the makeup of man, rather than the financial skeleton of the existing funding model. Hire me.
The problem is that people who are on par with Ray Dalio intellectually are able to use technology to concentrate wealth from the hands of the many to the hands of the few. If the lower 60 to 80% feel they can’t win revolution will ensue. This is evident with the rise in populism.
Interesting to hear Ray have a moral conscience towards the negatives of capitalism, after he has taken advantage. The greatest negative of capitalism is the inability to check greed.
Joe is awesome, hammer these fluffy ideas that have no basis... Dalio is a typical Billionaire, who created great wealth in a system, and now wants to remove that system so nobody else can be successful...
Curley Joe Kernan the Guy who will not acknowledge that Dow rose 240 percent under B Hussein Obama, that unemployment was cut from 10 percent to 4.5 percent under Barrack H Obama , that more jobs created by BH O Bama in his last 2 years than Fat Donny Chump s first 2 years , that had 7 GDP growth rates of 3.2 or higher in BHO s last term which was hurt when Fed increased interest rates in Dec 2015 hurting 2016 numbers. At the end of this year Curley Joe and Larry Moe Kudlow will need to explain why Fat Donny s GDP growth rates will be only equal to the average of 2.3 percent Barack achieved without a deficit busting tax break for a few , like Curley Joe and in middle of a recovery from the worst GOP led economic calamity since GOP Hoover. Curley refuses to acknowledge that it was GOP in White House for 8 of last 9 recessions a stunning and staggering record of gross ineptitude across many many Repunklican Administrations. Barack Hussein will be a black face on that White mountain in South Dakota for saving us from yet another GOP economic pile of dogshit.
Ray Dalio should tell CNBC no more interviews if joe Kernan is on. I am only going to Bloomberg to get interviewed by TOM Keene because he interrupts but at least he stays on topic and has funny jokes.
The interviewer has a very simplified understanding of the capitalistic system and its underlying effects on society. He needs to shut up when a prominent expert is dropping knowledge
For goodness' sake, let the man make his point! Do you really think interrupting RAY DALIO to quibble over tangential matters enhanced this piece? I don't. Frankly, this is appalling...Becky did all right though.
The hosts definitely weren't professional but Dalio has also not created a clear and concise agenda of problems and solutions within his own mind. It's a complicated thing to understand and provide adequate solutions for but the longer you dwell on the issues the better you are able to simply and effectively articulate them.
"Can we do this without interruptions?" Seriously, CNBC, w-t-f?
Every two seconds Joe!!!! SHUT UP!!!
don't you know Joe Kernan has been anointed by his superiors (who are yelling what he's supposed to say, in his earpiece from the CNBC control room) , as the *crusading capitalist knight* who's sworn oath and holy duty is to constantly interrupt and shout down ALL guests who dare challenge the status quo and interrupt the cheer-leading of the running of the bulls for one mere millisecond, @@theodorebusche7325 ??
Smart man, no middle class, no economy
Really hard to watch! The grandstanding buffoonery of these hosts is vomit worthy. To CNBC, you know there’s a guest here, Ray Dalio, want to let him speak??
That was the first time I saw Ray Dalio call him out. He is a patient guy but he met his limit that day lol
Seriously, they need to fire that Joe guy asap
Vester from my perspective and as my opinion: he just had differing points and didn’t want to respond to ray’s tactic trying to box him into micro agreements. I hear what you’re saying but personally I value the differing perspective. As a consumer of this material, I ask they not fire him.
Vester 100% agree. Show some respect. It’s a debate not a fucking argument.
Vester
Joe was very rude to Warren Buffet when he was being interviewed. Joe was talking nonsense over Buffet and constantly interrupting him.
Same here with Dalio, this Joe guy is full of himself.
Wish the hosts would stop interrupting Ray
It's just that one dude who ruined the whole conversation
Joe, OMG, just get a job with Fox Business News already, jesus!!!
lmao, seriously!
Who the hell does Joe think he is? Rude guy. Get him out
How am I suppose to understand this guy if Joe won't shut up??
Joe's job description must be to gin everything up. God let the guy talk.
Yeah America's got a be beautiful system that can only realistically be said to benefit the top 10% at most and even more the very top .1%.
The point highlighting incarceration rates drives the point home. How can you say we're a great country when US rates are 5 times > than the next closest country. WTF??? That's a societal issue.
Joe has a good argument --It's a real head-scratcher how Ray Dalio ignores the combination of the 1965 Immigration Act and the hordes of sub 85 IQ Chain migrants filling our country, Second, the unionization and public school tenure System creating failed schools, and failed family values, illegitimacy rates of 75% fatherless homes etc. where is this guy coming from? Oh that's right Greenwich Connecticut where he has no contact with the reality of our society.. I guess he's never been out of his plush offices to see what really is going on? Please ask him if he thinks LBJs Great Society PROGRAM was a gift or a curse? and based on that answer either continue to interview him or IMO Usher him off the stage.
@@rmondave You're too ignorant!
@@rmondave LOL, you must have good data to back up your claim of somehow immigration lowers IQ of this country? Or union in public school system is the cause of under performance, instead of the severe under funding of almost every secondary education system in this country? Turn off Fox News before it rots your brain beyond repair. Ray's point was there are opportunities that were available to majority of the population back in his day that are no longer available. For example college education became too expensive. The cost of college has risen 500% since even the late 80's. There are 70,000 high paying tech job vacancies in this country that can not be filled right now because the lack of qualified candidates, yet morons like you can somehow turn it into an immigration issue.
@@rmondave
a chain of dumb arguments. Dalio was on point here.
CNBC would be better off getting rid of Joe. Ray for sure is one of the brightest guy as it comes to investing. But even without his reputation it is unpolite to interupt ppl like Joe does.
Dalio.... lmao laying the hammer down on Joe
Joe wouldn't last 2 seconds at Bridgewater
blessedspear also not in my world
Ray’s understanding is very deep. You need to give him time to unpack his answers as there are many variables involved.
His ideas are very shallow...
they're actually not regarding education and 'broken capitalism'. he has the standard american mentality of 'throw more money at a problem and that fixes it', the people who he wants to help so badly dont want to learn. he tells the sob story of breaking a pencil in half to share it, i went to a top public school where innercity kids came as part of a program and they would just break the computers and stuff
the culture in the US has to change, especially the black culture, there's a reason why mud hut students who learn on chalkboards in india/china are able to run circles around the average US student
His view of 'im a byproduct from the good days when there was equal opportunity', there is more equal opportunity now than before, but he lacks or chooses not to understand that and instead thinks throwing $100mm at a school system will suddenly change what students think... either part of some scheme to make $ or he's really just that out of touch with reality on this subject
@@ukwonyedue deep understanding needs the clear structure and system of shallow ideas
CNBC turns interviews into debates, they need to change their structure.
I bet Joe didn't even read Mr. Dalio's article.
Correct he can’t read. His mouth is too big
@@ttc744 Yeah and it's stuffed with right-wing corporate political influences penis!
Joe has a few strong points. It's a real head-scratcher how Ray Dalio ignores the combination of the 1965 Immigration Act and the hordes of sub 85 IQ Chain migrants filling our country since then., Second, the unionization and public school tenure System creating failed schools, and failed family values, illegitimacy rates of 75% fatherless homes etc. where is this guy coming from? Oh that's right Greenwich Connecticut where he has no contact with the reality of our society.. I guess he's never been out of his plush offices to see what really is going on? Please ask him if he thinks LBJs Great Society PROGRAM was a gift or a curse? and based on that answer either continue to interview him or IMO Usher him off the stage.
BTW - these CNBC guys really messed up . Specially Joe Kernen. He is supposed to be a journalist. But in this segment he was trying to come across as an expert. Big Fail.
Journalist 😅
Joe interrupts. And, unfortunately he does not contribute valid points.
It's hard to watch.
Joe"s points were very valid
@@Big_Nuke
Literally none of them were, the ultra capitalist system was Ray dalios point which is obviously embroiled in tax policy, education etc. Joe missed the point massively.
Seriously W-T-F. If you can't let someone talk and talk on the same terms, they maybe shutdown your click-bait-drama mongering news.
Dalio’s face when Joe mansplains what Capitalism is 🤣🤣🤣 3:16 - 3:32
"I don't really understand what we are arguing about" - Ray Dalio. Thanks for the crystal clear STOP to the BS.
They were in all actuality arguing if the cananabalistic inequality and widespread US injustice and greed of vulture capitalism even exists, to any effective degree, the host obfuscating and pivoting the conversation to the far edges of common sense logic and reason as a lack of defense of economic effects of these drastic cuts to public education, even though the interruptive host Joe wells knows how the dystopia formerly known as U S of America was historically built by heavily taxing the wealthy, as Joe well understands if his advice is even worth listening to financially, cowering behind his bluster of his territorial rhetoric, that there is unequivicually, no other single arbitrage investment opportunity pay outs in spades, in filling up a given countries future treasury coffers like investing in educating the people does?...8)
@@derangedhermit2879 Excellent comment, thank you for sharing your knowledge!
What a hostile interview. They didn't allow him finish a single answer
vrmkk
How dare they show such disrespect to Ray Dalio. CNBC should be ashamed of its hosts and interviewers.
Joe, “Seek first to understand, then to be understood.”
Why does Ray put up with these chumps?
CNBC has some of the rudest and disrespectful interviewers of ever seen. They come off very ignorant. I'm not even sure if they would be in business if it wasn't for the simple fact they post prices of stocks. They're better off not having people on their broadcasting and just leaving the price action. Definitely switching to Bloomberg.
The joe guy has a brain of an average joe
The problem with this whole situation is that Mr. Dalio is debating the wrong people. Fact is, you don't discuss football with cheerleaders, and I think the same thing applies to capitalism. He's having a very deep and fundamental. debate with cheerleaders. CNBC on air personalities have very limited insights about the fundamentals of capitalism.
13:13 "if you'll give me a chance to answer I will answer" lol burn
lol I was looking for this comment, his face was like " if you shut up I will answer"
When Dalio owns Joe like a BOSS at 6:30
It is so annoying that they interrupted Dalio's thoughts. I am here to listen to Ray Dalio not you.
Great Job Ray! Why does Joe Think Public education & Gov. Policies Aren't part of Capitalism? IS THE PUBLIC POLICIES IN USA DONE THE CAPITALIST WAY OR SOCIALIST WAY?
PART OF CAPITALISM "IS THE WAY WE DO PUBLIC POLICIES..." (which is different than the socialist way of doing it... ) Thought you Guys are smarter...
is it a great job? kids who learn on chalkboards in dirty schools in india/china can destroy students from the US... why is that if money is the problem? perhaps, money is NOT the problem hmm? 🤔
@@catiex8826 I think because of the existence of the middle class or the absence of the wealth gap mentioned.
Great interview by Ray Dalio. But CNBC, seriously, please kick the interviewer
Joe should leave! He is disrespectful, aggressive and does not understand how to behave with guests.
I'm on the same boat to have Joe interrupt less (not necessarily fired), but did anyone notice his mannerisms? As soon as Dalio shuts him up he practically pouts and completely ignores what the guest is saying..... Seriously shows a lack of respect towards the guest and if I were Ray, I wouldn't come back to CNBC.
I disliked this as a result of that very rude man interrupting. This was an interview, not a debate. You are a news anchor, you don't know anything. Sit there and learn from one of the best in the business.
Joe has managed to get more close-minded each year he has been with CNBC!
His mind believes in GOP Capitalism the kind that gave us 8 of last 9 , soon 9 of 10 , RECESSIONS. GOP is inept record speaks for itself. You are your record no complaining no explaining.
Joe, let him speak. Ray knows more than you do.
Nipsey Hussle was saying something like this. 🤔
RIP
Good to see a Hussle fan on a video like this
13:00 It was Hime Values collapsing in the 2008 crash thay really hurt things.
Because Home value is taxed for schools.
So School funding is 100% and economic issue, that is incorrect.
Kernen is right. Dalio provides no solutions as to how to "capitalism
is not working." The reason is, because capitalism doesn't need to be
fixed.
It's already been mostly destroyed. The government already has
socialized a lot of medicine and education. Almost half of all americans
already receive some sort of government subsidy. The government already
tried to invent the wheel of it's war on poverty and the great society
in the 60s which was a total disaster. It not only created more poverty
but all the spending led to the inflationary disaster of the 70s. This
is all socialism. Not capitalism. The problem isn't capitalism, the
problem is the lack of capitalism. Dalio's only fix is raising taxes on
the rich. Wonderful. So that means the government can get more money to
waste. They got plenty of money in their war on poverty and subsidizing
healthcare and the education system. Look how that turned out. So he
wants to send the heavy handed, thoughtless, monopolist, corrupt
government comprised of a bunch of a politicians who are serving their
own interest more taxpayer money? How is that a solution? Lastly, Dalio
is worth about 15 billion dollars. He and his ancestors will never go
through all that money. If he is so disturbed about income inequality,
why doesn't he put his money where his mouth is? Why not empty out some
of his accounts and send them to poor people in need? Why does he retain
all this wealth and at the same time suggest others send money to the
government to waste? Someone should tell Dalio that it's socialism and
too much government that's causing income inequality.
You are so right on on what the US capitalism is doing for the people. It's not about being pro-communism but, exactly, what outcomes we are actually witnessing in our current society and why a reform is really something that we need to look into at this point. There is too much polarization and that is creating too much inhumane social tension.
Dalio could have made his point if he had turned at 21:23 and pointed to that squad of riot cops walking past the window and said: "See. That is what's coming if you are too stupid or ideological to fix capitalism".
It seems like the most respected hedge fund menager in wall street agrees with Bernie Sanders. I'm voting Bernie.
World Shaper - have you looked up Andrew Yang yet? Check out his website and interviews. It echoes more closer to Dalio’s message
Politicians like Bernie run for the next term. Andrew Yang runs for the future!
MATH = Make America Talk about Humanity F(x)irst #HumanityFirst #YangGang #Yang2020
Dalio should be a politician, never seen someone speak so much and say absolutely nothing.
The coworkers are like... chill dude. The guy has to realize he’ll buy nbc just to fire you. Literally. Lol.
Ok so Joe needs to relax & let his guest speak.. This has been going on for awhile on CNBC and it’s getting annoying..
Having said this, I’m surprised that Joe still can’t read between the lines.
In my view, Ray D has a history of speaking in a manner to which it’s up to the viewer to draw his own conclusions.
This may be frustrating, but Ray is an extremely calculated person and is very careful what he says on TV.
My opinion however, is that Ray believes capitalism is broken (needs to be reformed) & has gotten worse since the Great Financial crisis. Since 2008, TARP, QE1/2/3 it’s been socialism for the rich & capitalism for the poor..
Capitalism allows failures to take place, which then gets replenished buy the savers who get rewarded.
Capitalism allows the greedy to pay the penalty for their greed, and the savers to capitalize on the failures of the greedy and this is how people move along the social scale.
America was built on this principle of small Gov and power to the people through, life, liberty and property..
We are starting to see the consequences of this 2008 bailout which was not just for the banks, but for greedy which were not allowed to fail and now the people are turning to socialism as the answer.. they are trying to suck money out of the rich to pay for the socialist programs that will just make worse..
It’s all part of the “economic cycle” video I would highly recommend people watch, to which Ray outlines very cleverly how our system works..
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I don't think more money in education is the solution. The States spend more money per student than any country in the world yet the result is still uneducated students. The problem is school policy and unionized teachers, no child Left behind policy, etc... Poor education policy is responsible for how ineffective the public school system is
Read his article.
17:38 the Public Private Partnership.
Now that would make a good charter school.
And a Lot of things.
The PPP literally saved Copenhagen. Theres a Report from a few years back. Everyone should look into it.
Bevause that's excatly what Elon Musk is doing with SpaceX and NASA right god damn now.
10:00 these are actually good questions that people usually don't ask Ray Dalio. I mean i get it I love his books especially the Principals, but he should be questioned when after he made his fortunes using the capitalism system then now wanting to change it after he has profited from it. To be honest he says that the capitalist system helped him keep his workers jobs local to Connecticut which is in turn saying Capitalism as it is worked for him.
13:13 Dalio's face was like " if you shut up I will answer"
The American dream was possible all because FDR' 90% marginal tax rate. He did it to save capitalism as he put it.
We have to do this again to save the country some day because our current system see everything as pure business.
I've said it in other social media.
We are squandering our children's critical developmental window and wasting the best of psychology on sales and marketing.
With a spouse who teaches and as a product of our public education system. Yes, education is super broken.
We need improvements as far upstream as possible. Pre-K education for ALL with dual language immersion opportunity.
The human brain is the most valuable thing. Let's treat it as such from the very start and pay those feeding it appropriately.
The farther downstream we intervene the less impact and more costly. Early identification! Early intervention! Please, take action.
Unregulated capitalism doesn't work for those near the bottom when most of the monies/dollars/sheckles/rubles have been siphoned to the top. #EconomiesOfScale
Wow I’m so angry with the anchors no respect to this amazing man
That old head Joe ruin this interview as always wants to appear smarter than he is and can't shut up. This is why I stop watching CNBC years ago.
This is immensely frustrating to watch, on one hand we have hedgefund legend Ray Dalio trying to talk some sense, and on the other hand Joe Kernen forgot to take his medications for the day. Let the man talk before you squawk nonsense, good grief
Much respect to you Mr Dalio!
Ray tried to brush that $22,000,000 tax subsidy he got under the rug. Why not talk about that charge to the middle class and how it relates to income inequality and low funding of schools for the nation?
24:37 Yup. If we don't talk about this stuff then we will regret not saying anything.
JOE IS RIGHT!!! "Reforming" capitalism isn't going to keep fathers in the home, end drug abuse, or make students study harder.
23:00 my school district did a tom of that. Lots of mt classmates got kickass job's.
You gotta get them dreaming a realistic dream job. So everyone doesn't wanna be a rockstar. Lol.
Joe's being told in his ear piece to behave that way, the producer's in the control room felt threatened By Ray bringing up problems with capitalism
Sorry I have to agree with the reporter and not Ray here. Government interference in the economy is NOT Capitalism. Ray wants to say that is "part of Capitalism", but it isn't. Government's taxing 20%, 35%, 60% or whatever is not Capitalism, it just isn't. Government's creating regulations is not Capitalism, this is policy/
Joe is a joke. Decides to yell “capitalism” repeatedly instead of just listening to what what Ray, a much more intelligent and successful figure was saying.
Is it acceptable to bluntly attack someone's thought in media nowadays? Dalio puts it perfectly, "need to be reformed" isnt relevant only for capitalism but also for the society. Shame on you CNBC, Please do reform
CNBC has become trash, can't find an interview that's not smothered in interruptions
As we address the inequality issues, we should also consider to reshape the US culture.
is funny how JOE feel he can teach capitalism to Ray.
Joe makes me angry. He just wants status quo. He’s fine with rich getting richer and poor getting poorer in the name of capitalism
Gotta respect ray for his patience
One guy who knows what he's talking about and one guy who doesn't...God forbid you try to criticise capitalism.
Love him!!!!
The interviewers just cant get him.
Sorkin is the only one asking thoughtful questions
They do not let guest talk...look they have 3 people talk to one guest, my god ! lol.
The guy that keeps interrupting is Right but should let Dalio speak the whole point.
Haha Joe has had a problem with Ray for years now.
"Professional billionaire capitalist debates issues of capitalism with rude journalist" fixed the caption.
13:03 He`s created jobs, but what quality of jobs are these? A lot are minimum wage (not a livable wage) and little to no benefits. Capitalism would be fairer if: 1.Workers were paid a living wage according to economic circumstances. 2.Workers rights are increased (ie: Unions and public government protection and sitting on the board) 3.Reduce welfare for the rich and increase it for the poor and underpriveleged. If a big corporation is going to fail, allow the market to do what it needs to (If it`s a bank/big manufacturer, apply anti-competition laws to avoid a too big to fail situation). At that point, capitalism would be fairer.
A step further, allow co-ownership of companies (The socialist manifesto). Respect to Dalio however, he is a smart guy.
Bernie 2020
Gosh the whole interview is heated, but I'm glad they showed it. These are the discussions we're suppose to be having. You don't have to agree. Just let the guests speak and share their points.
Don’t blame capitalism for the wealth gap. It’s been caused by central bank manipulation and massive government. The fed printed 3.4 trillion dollars in the past decade which all went into assets. It went to Wall Street, not Main Street. Rich got richer while the middle classes purchasing power went down significantly due to inflation. You want a strong middle class, you need stable money that holds its purchasing power. The current system requires inflation in order to reduce the debt burden by government. Over taxing the rich will not fix the problem.
Also there’s a big difference between someone like Jamie dimon who runs a corrupt bank and someone like bill gates or mark zuckerburg who deserve every penny of their wealth because they created something that has improved the lives of billions of people as well as creates hundreds of thousands of jobs.
The hosts really dropped the ball with this entire interview , Grade: D-
The way of thinking of this man is just incredible ..... practical, logical , rational , simple, effective and unbiased....he dissects every issue with the accuracy of a surgeon and solves it.
What Dalio doesn't get is that he is talking with propagandists, not analysts. They were triggered by "capitalism is failing" statement and quickly got on offence to defend their religion by only way they know how. Talk down, interrrupt and roll the eyes.
Fire this interviewer already. Why invite ray over if you're just going to talk through him.
Ray Dalio doesn't have to speak to them. He could care less. But they interrupt anyway like he's some average Joe.
The problem with Capitalism is Polarization. Modern technology and globalization makes it possible for 'winners' to truly take it all, leaving very little to the 'losers'
It sucks that these clowns we're just interrupting the whole time. This is a perfect example of why longform podcasts have replaced traditional media.
OK ray is saying this in the wrong way. Capitalism does work as a whole. It worked for him and bridgewater lol
CNBC would be better WITHOUT Joe Kernen - Please dump Joe
Ray means well, undoubtedly. However, the nature of the problem, which he has successfully identified imo, is a reflection of the problem itself; namely the fallibility of those charged with the addressing of the problem ( as I understand it, the obligation to the youth).
So with that said Ray, as well meaning as he may be, and as talented he is with understanding it in a engineering sense, not to mention his incredible access to means, will not and cannot be sufficient. As this is a problem with it's roots in the makeup of man, rather than the financial skeleton of the existing funding model.
Hire me.
The problem is that people who are on par with Ray Dalio intellectually are able to use technology to concentrate wealth from the hands of the many to the hands of the few. If the lower 60 to 80% feel they can’t win revolution will ensue. This is evident with the rise in populism.
Interesting to hear Ray have a moral conscience towards the negatives of capitalism, after he has taken advantage. The greatest negative of capitalism is the inability to check greed.
when you treat people like peasants don't surprised when they break out the pitchforks
Joe is awesome, hammer these fluffy ideas that have no basis... Dalio is a typical Billionaire, who created great wealth in a system, and now wants to remove that system so nobody else can be successful...
Low IQ alert!
Curley Joe Kernan the Guy who will not acknowledge that Dow rose 240 percent under B Hussein Obama, that unemployment was cut from 10 percent to 4.5 percent under Barrack H Obama , that more jobs created by BH O Bama in his last 2 years than Fat Donny Chump s first 2 years , that had 7 GDP growth rates of 3.2 or higher in BHO s last term which was hurt when Fed increased interest rates in Dec 2015 hurting 2016 numbers. At the end of this year Curley Joe and Larry Moe Kudlow will need to explain why Fat Donny s GDP growth rates will be only equal to the average of 2.3 percent Barack achieved without a deficit busting tax break for a few , like Curley Joe and in middle of a recovery from the worst GOP led economic calamity since GOP Hoover. Curley refuses to acknowledge that it was GOP in White House for 8 of last 9 recessions a stunning and staggering record of gross ineptitude across many many Repunklican Administrations.
Barack Hussein will be a black face on that White mountain in South Dakota for saving us from yet another GOP economic pile of dogshit.
Ray Dalio should tell CNBC no more interviews if joe Kernan is on. I am only going to Bloomberg to get interviewed by TOM Keene because he interrupts but at least he stays on topic and has funny jokes.
The interviewer has a very simplified understanding of the capitalistic system and its underlying effects on society. He needs to shut up when a prominent expert is dropping knowledge
For goodness' sake, let the man make his point!
Do you really think interrupting RAY DALIO to quibble over tangential matters enhanced this piece? I don't.
Frankly, this is appalling...Becky did all right though.
No one turns on CNBC to hear JOE KERNAN speak. Can he let the guests articulate their thought? Painful to watch.
Ray Dalio so correct and so empathetic on the reality of unequal opportunity in poor areas
can we do this without interruptions, this man is absolutely genius
Good thing they invited a super smart guest on so that one of their hosts could just continually interrupt him.
Best interview ever ... I love it
Government fails public schools. Blame capitalism.
The hosts definitely weren't professional but Dalio has also not created a clear and concise agenda of problems and solutions within his own mind. It's a complicated thing to understand and provide adequate solutions for but the longer you dwell on the issues the better you are able to simply and effectively articulate them.
Great conversation. Much needed.