Ray Dalio, the U.S investor who told a TV audience that China was acting like a “strict parent” when it disappeared tennis star Peng Shuai after Shuai accused a communist party member in her rape, said that his comments have been “misunderstood”.
“I assure you that I didn’t mean to convey that human rights aren’t important because I certainly believe they are… My overriding objective is to help understanding,” said Dalio, the manager of the largest hedge fund in the world according to the BBC.
But critics point out that even as late as September of this year Dalio, 72, was saying that investors should continue to put money into the increasingly authoritarian China and was doing so with his own money, helping to prop up a regime that didn’t just savage Peng Shuai, but has savaged millions with slavery, mass rape, human trafficking, forced organ harvesting and other excesses invented by modern Marxists.
“It’s a part of the world that one can’t neglect and not only because of the opportunities it provides but you lose the excitement if you’re not there,” Dalio said when asked about his family office’s plans on China according to Fortune— which also said Dalio downplayed policy changes in the Middle Kingdom as “wiggles”.
Yeah, rape and mass exploitation of an ethnic majority is really exciting to Dalio, very wriggly.
Noted progressive billionaire George Soros, who once admired the Chinese management style saying that China was the better of the West, is now warning that the U.S. and China are engaged in a “life and death conflict.”
“Pouring billions of dollars into China now is a tragic mistake,” Soros said in an op-ed in the Wall Street Journal in September.
Dalio unfortunately thinks that while he doesn’t agree with China’s approach, it will help if the rest of us understand the Communist Party’s desire to treat everyone as little children who need to be bullied by their parents as much as he understands it.
“I was not expressing my own opinion or endorsing that approach. My overriding objective is to help understanding” said Dalio via Twitter as way of apology.
We are past the point of needing to understand China’s desire to push people around.
No matter how much money Dalio stands to lose.
We didn’t need to understand Hitler. We just needed to beat him.