Hedge fund billionaire Ray Dalio tried to downplay earlier remarks he made about China’s human rights abuses by claiming Friday he’s really just concerned about war.
Speaking to Fox Business, Dalio told the outlet he is “deeply concerned about war” and “conflict” with the communist nation — a legitimate fear for a man whose hedge fund, Bridgewater Associates, raised roughly $1.25 billion for one of its China-based investment funds last month, according to The Wall Street Journal.
“I wasn’t commenting on what I thought about the strict parent, I was commenting on what’s autocratic and what’s democratic in the two different approaches,” Dalio said while trying to defend his comments, according to Fox. “I’ve spent all of my life here and also about half of my life going to China. And I find myself in the middle of those two things, and I’m deeply concerned about war, about the conflict between these two ideologies or these two types of approaches, because I think that there is a risk of that.” (RELATED: China Says There’s Nothing To See Here, Tennis Player Who Went Missing After Alleging Sexual Assault Totally Fine)
Dalio faced backlash following his earlier comments justifying China’s abuses, with Republican Utah Sen. Mitt Romney criticizing the hedge fund founder’s “feigned ignorance of China’s horrific abuses and rationalization of complicit investments” as a “sad moral lapse.”
Deputy Opinion Editor of Newsweek Batya Ungar-Sargon said Dalio reached “peak wokeness” by “using an academic fallacy to defend disappearing people.”
“Dalio has no shame,” said an average American taxpayer who occasionally dabbles in investing on Robinhood and will foot the bill when hedge funds blow up and get bailed out by Uncle Sam.
Dalio told CNBC Tuesday that China’s method of governing was simply a “strict parent” approach, which holds up quite well against the textbook definition of a strict parent in which they cover up their children’s disappearances if their child speaks back to them.
“They behave like a strict parent, and they go through that. That is their approach. We have our approach.”
Emperor has no clothes.
— Josh Wolfe (@wolfejosh) November 30, 2021
Dalio justified investing in China by comparing China’s blatant human rights abuses to unspecified abuses in the U.S., claiming that the “government has a certain policy that I should do a certain thing” and that when lining his pockets he “can’t be an expert on all of those particular dynamics.”
“I’m basically just trying to follow the rules to understand what’s going on and invest properly,” Dalio told CNBC.
Of course, Dalio’s moral turpitude is easily forgiven, especially when there are just about 1.25 billion reasons to “understand” human rights abuses. Dalio’s determination to ignore the glaring human rights abuses like concentration camps, genocide, pollution, extortion should be commended, of course, because it’s that type of grit that has probably saved his ass from disappearing while on a business trip to China.