Whose side is Bridgewater’s Ray Dalio on?

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.

About Frank Gaffney, Jr.

Frank Gaffney is the Founder and Executive Chairman of the Center for Security Policy in Washington, D.C. Under Mr. Gaffney's leadership, the Center has been nationally and internationally recognized as a resource for timely, informed and penetrating analyses of foreign and defense policy matters. Mr. Gaffney formerly acted as the Assistant Secretary of Defense for International Security Policy during the Reagan Administration, following four years of service as the Deputy Assistant Secretary of Defense for Nuclear Forces and Arms Control Policy. Previously, he was a professional staff member on the Senate Armed Services Committee under the chairmanship of the late Senator John Tower, and a national security legislative aide to the late Senator Henry M. Jackson.