34.1 C
Delhi
Tuesday, June 28, 2022

US, Chinese Leaders Expected to Talk in Coming Weeks    

https://ift.tt/RpXZzyH. President Joe Biden and Chinese President...

Conservative Christians Rejoice After Supreme Court Rules on Abortion

https://ifttt.com/images/no_image_card.png“I pumped my fist a bunch of...

US Urges Israelis, Palestinians to Calm Tensions Ahead of Biden Visit 

https://ift.tt/hoc8k1K United States expressed concern Monday about...

US billionaire predicts civil war in the country

There is a “dangerously high risk” that the United States could slide into civil war within the next 10 years due to the “exceptional amount of polarization” currently seen in the country, says billionaire Ray Dalio.
In his new book, which was published on November 30, the founder of the world’s largest hedge-fund firm wrote that there’s a 30% chance of such an outcome because the rules of governance are being ignored.

Pointing to the six stages of the internal order/disorder cycle, which ends in civil war, Dalio claims that the US is currently in stage five: bad financial conditions and intense conflict.

<blockquote>
    <span><strong>Read more</strong></span>
    <figure>
        <img src="https://cdni.rt.com/files/2021.11/thumbnail/619ceb6220302747b0317c1b.jpg" alt="RT" />
        <figcaption><a href="/business/541074-us-tapping-into-crude-reserves/">Biden’s oil gamble: How US tapping its reserves will influence energy crisis</a></figcaption>
    </figure>
</blockquote>

“For example, when close elections are adjudicated and the losers respect the decisions, it is clear that the order is respected. When power is fought over and grabbed, that clearly signals the significant risk of a revolutionary change with all its attendant disorder,” Dalio wrote.

He noted that people, including high-ranking officials, have openly doubted the validity of recent elections and expressed their willingness to fight for their beliefs.

Dalio also cited several studies showing the growing emotionally charged divide between the two political parties. Thus, according to him, a recent survey showed that 15% of Republicans and 20% of Democrats thought the country would be better off if a majority of the opposing political party “just died.”

He also said that the Constitution is the “longest-lasting and most widely admired internal order,” which “makes it less likely that it will be abandoned, but more traumatic if it is.”

For more stories on economy & finance visit RT’s business section
https://ift.tt/32WusFv 03, 2021 at 04:31PM
from RT – Daily news

Support Us

Secured by Paypal

Related Stories

Check out other tags:

Most Popular Articles