Ray Dalio fears US edging toward 1930s-style authoritarianism – msn

“The 1930s were marked by significant economic and political upheaval, setting the stage for the rise of autocratic regimes. The Great Depression had left economies in shambles, leading to widespread unemployment and poverty. This economic despair created fertile ground for extremist ideologies to take root, as people sought strong leadership to restore stability. In countries like Germany and Italy, charismatic leaders exploited these conditions, promising to revive national pride and economic prosperity, often at the expense of democratic principles…”

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