U.S. Sliding Towards 1930s-Style Autocracy

“Hedge fund billionaire Ray Dalio has warned Donald Trump’s America is drifting into 1930s-style autocratic politics — and said other investors are too scared of the president to speak up,” the Financial Times reports.

Said Dalio: “I think that what is happening now politically and socially is analogous to what happened around the world in the 1930-40 period.”

He added: “I am just describing the cause and effect relationships that are driving what is happening,” he said. “And by the way, during such times most people are silent because they are afraid of retaliation if they criticize.”