Last Thursday, Attorney General William Barr warned American business leaders to stop appeasing and enabling the Chinese Communist Party’s malevolent ambitions and illegal behavior.
Yesterday, in response to pointed questions from Fox News’ Maria Bartiromo, one of the most egregious of those capitalists, Bridgewater founder Ray Dalio, tried to portray Communist China as merely a “worthy opponent” and downplayed its “stealing” of proprietary information
In the end, however, Dalio acknowledged that we face a four-front “war” with the CCP – involving technology, trade, geopolitics and possibly capital. He actually implied that he was concerned with our winning that war and that he was on America’s side in doing so.
If true, that would, of course, represent a very welcome sea-change on the part of one of Wall Street’s so-called “masters of the universe.” If it’s not, Ray Dalio will be held accountable.
This is Frank Gaffney.