Posted on 12/24/2016 9:16:10 AM PST by Helicondelta
Ray Dalio, the founder of Bridgewater Associates, the world's biggest hedge fund firm, says people should expect a major shift under President-elect Donald Trump.
"Regarding economics, if you haven’t read Ayn Rand lately, I suggest that you do as her books pretty well capture the mindset," he wrote in a LinkedIn post on Monday. "This new administration hates weak, unproductive, socialist people and policies, and it admires strong, can-do, profit makers."
The post continued:
"It wants to, and probably will, shift the environment from one that makes profit makers villains with limited power to one that makes them heroes with significant power. The shift from the past administration to this administration will probably be even more significant than the 1979-82 shift from the socialists to the capitalists in the UK, US, and Germany when Margaret Thatcher, Ronald Reagan, and Helmut Kohl came to power."
Dalio described Trump as a " deal maker who negotiates hard, and doesn’t mind getting banged around or banging others around." He added that the president elect had picked a team of people who are "bold and hell-bent on playing hardball" to enact change in economics, foreign policy, education and environment policies.
"It is increasingly obvious that we are about to experience a profound, president-led ideological shift that will have a big impact on both the US and the world," he said.
(Excerpt) Read more at businessinsider.com ...
What's the downside????
Dalio is a big big deal. He comes out to make public statements very rarely.
He predicted the financial collapse in detail soon before it happened. And he projected what would happen in its aftermath.
He makes public statements about once every 3 to 5 years.
He has cred, lots of cred.
You won't miss anything significant by not slogging through Galt's 75 page speech.
Shhh!
Libertarians reading Rand will keep them occupied and happy while the rest of us get to work.
I still have a stack of real literature to get through.
Do tell. What’s the list?
Good read. Like the Galt reference and the like thinking minds in the posts.
Woohoo! Make it so.
I read somewhere that Trump was an Ayn Rand fan. So refreshing after 8 years of Wesley Mouch, James Taggart and crew.
The business of America is business - Calvin Coolidge
I read it AGAIN because of Obummer in office.
I read War and Peace and Anna K. I wish to read the rest of Tolstoy.
Other hopefuls: unabridged Count of Monte Cristo, Our Mutual Friend, Gravity’s Rainbow, and the Gormenghast Trilogy. I’m all over the place, but like really thick and layered works.
Business is good for America and good for those wishing to work and willing to work. When your employer does well, you do well and by extension, your family propers. An economy that does well means that you can form your own business, compete with your old boss and contribute to the national and world economy.
What is confusing to me is why this concept is hard for Liberals to comprehend.
Rand ping.
That's pretty bad. Kind of like finding out he likes reading Ragnar Redbeard or anime porn comics.
? How so?
There is evidence coming out now in Forbes magazine (”Ayn Rand Ghost Does Not Haunt the Trump Administration”, Dec. 18, 2016) about whether Trump is a devotee of Ayn Rand. Trump, like all politicians, has spoken favorably of Rand and her books to win over potential voters. In an interview in USA Today, Kirsten Powers reports Trump as liking Rand’s book “The Fountainhead” and identifying with its central character Howard Roark. But that may mean that Trump read about as much of that book as he has the Bible, which he couldn’t name his favorite verse.
Also consider who the reporter is on this article. No balance.
Steven Bannon, Trump’s chief strategist in a speech presented to the Vatican in 2014, said there were two kinds of Capitalism he found disturbing: 1) state sponsored capitalism (e.g., Russia and China); and 2) “Ayn Rand or the Objectivist School of Libertarian Capitalism”, which aims to make people commodities (similar to Marxist thought). Bannon opts for what he calls “enlightened Capitalism”.
So while the Fountainhead imagery resonates with Trump the policy making is unlikely to do so. Trump is a real estate developer who has to deal with all powerful (and greedy) municipal governments who want to wheel and deal and shake down developers for all kinds of freebies (exactions, mitigations, conditions, user fees, campaign contributions) sometimes in return for tax abatements (redevelopment). Not hardly Ayn Randism.
Read Run during my lit era. Rough semester that. The next semester was Tolstoy, I would never have predicted what a relief War and Peace would be.
Trump said of her novel The Fountainhead, “It relates to business (and) beauty (and) life and inner emotions. That book relates to ... everything.” He identified with Howard Roark, the novel’s idealistic protagonist who designs skyscrapers and rages against the establishment.
When I pointed out that The Fountainhead is in a way about the tyranny of groupthink, Trump sat up and said, “That’s what is happening here.” He then recounted a call he received from a liberal journalist: “How does it feel to have done what you have done? I said what have I done. He said nobody ever in the history of this country has done what you have done. And I said, well, if I lose, then no big deal. And he said no, no, if you lose, it doesn’t matter because this will be talked about forever.
“And I said it will be talked about more if I win.”
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