Ray Dalio, the founder of Bridgewater Fund, believes that Donald Trump's second term will bring about a major shift in global order. Dalio stated that based on Trump's key position selections, his team will push global order towards more selfish and brutal competition. Dalio refers to Trump's team as a "corporate raider" style of reform, and indicates that the era of U.S. dominance is coming to an end.
Donald Trump is about to start his second term as President of the United States. Ray Dalio, the founder of Bridgewater Fund, predicts that his presidency will bring significant changes to the global and American orders.
Based on Trump's key position selections, Dalio believes that this will drive the transformation of global order. Some of the important appointments after Trump's victory include:
American entrepreneurs Elon Musk and Vivek Ramaswamy will lead the newly established Department of Government Efficiency;
Robert F. Kennedy Jr. has been appointed as the Secretary of Health and Human Services, overseeing a thorough reform of the medical system;
Republican Senator Marco Rubio, former Congressman Tulsi Gabbard, and Fox News television host Pete Hegseth will be nominated by Trump as Secretary of State, National Intelligence Director, and Secretary of Defense respectively.
Dalio believes that these key appointments are indispensable for the Trump administration, and the mission of the Trump team is to dismantle the so-called "deep state" and replace it with a new domestic order focused on enhancing economic strength and combating foreign adversaries.
Dalio wrote, "They are all willing to pledge allegiance to Trump at all costs, committed to overthrowing the so-called 'deep state', and making it their mission to replace it with a new domestic order, aiming for this order to create the greatest economic strength."
Dalio likened the Trump team's global strategy to 'corporate raiders', a model akin to hostile takeovers of inefficient companies, making substantial reforms through personnel adjustments, cost reductions, and integration of new technology. Dalio believes that if this approach is applied to governance, it will have far-reaching implications for the United States and even the global order.
He added, 'It is now clear that Donald Trump and those he has chosen will reform the government and the country, just as a corporate raider hostilely acquires an inefficient company, reforms the government and country by changing personnel, cutting costs, and injecting new technology to bring about significant changes.'
The close partnership between Trump and Musk is expected to be a major catalyst for implementing this new domestic order. It is expected that the policies of the Trump administration will benefit Wall Street, technology companies, and enterprises previously hindered by regulations and taxation.
Dalio also wrote, 'In the past, countries attempted to coexist by having multilateral organizations with guiding principles and rules. But we are now witnessing the end of the American leadership era and entering a more selfish, dog-eat-dog world order.'
Editor/rice