Yes Joe, please keep interrupting the founder of the world’s largest hedge fund just because he’s being a little reformist on capitalism.

CNBC please fire Joe Kerinin or die of low ratings.

Every clip all the comments are about this guy not letting the guest speak. Please fire this dude

Let the man with the heaviest wallet speak "god danm it" shut up Joe!

fire joe. doesnt even let him speak

Get rid of Joe K. He is a joke. Bring on Ray Dalio more often to speak the truth.

Who the hell does Joe think he is when having a conversation with Ray... Dalio? Such a joke to even consider himself worthy of a conversation with Ray.

Completely agree with Ray, cnbc analyst always has to disagree he thinks he is the brighest guy on the panel all the time

That joe guy is disrespectful to a seemingly very respectful man shame on you let the man speak

How is this dinosaur Joe still on this channel? Let Ray Dalio speak! He spends every minute of every show trying to act as if he’s as smart as the guests... just ask the questions please. No one on earth cares what you have to say

"The American Dream, because you have to be asleep to believe it" (George Carlin)

That old man anchor is a big baby, lord.

Joe is acting like a true believer who can't listen to anything except ideological confirmation. He's emotionally uncomfortable with ideas. And he's disrespectful to boot. Give him the boot. I wanted to hear Dalio.

Wow, Worst interview ever CNBC.

Current system is not free market capitalism, Its socialism for the rich ( crony capitalism) and the shaft for the rest. Dalio needs to stop the bull.

Can't this Joe ever keep his mouth closed?

I do agree. We’re leaving behind a lot of people that could benefit from capitalism. These people on CNBC are acting like bootlickers.

What a horrible and disrespectful news anchor! Makes me think of Chomsky's "Manufacturing Consent". I hope Ray Dalio goes on the Joe Rogan Show where he can talk at length without any interruptions.

This Joe guy is such a disgrace!! I love listening to Ray but I refuse to support CNBC until they fire that guy. I horribly painful to watch that emotional baby constantly interrupting a genius.

Holy Moly. Ray Dalio just reck cnbc. Those guys. Specially Joe Kernen was like a Dear in headlights. He sounded like a second grader. At best.

Joe Kernin knows absolutely nothing.

Socialism Needs Capitalism. And Capitalism Needs Socialism. They work best when you use a bit of both. A Hybrid system can be used to make one side cover for the shortcomings of the other. The people left out by capitalism get helped back up by Socialistic policys, and the policies are paid for by the amount of steady, constant growth we have. Oh and the Economic Crunch we have every 10 years or so? I feel that a new system may not only migitage the damage, but eventually eliminate it, creating a.....permanently stable economy. At least thats In theory. Its easy tk corrupt anything nowadays.

Ray Dalio deserves way more respect

Love the way the hosts heads explode when a reasonable man who is rich explains his insight into the issues that are preventing the country to be a successful capitalist society for the majority.

wow dalio kicking ass and taking names at the house of the mediocre tv.

Please fire the host. He keep stopping Ray Dalio to say.

It sounds to me that The most successful hedge fund menager in recent history agrees with Bernie Sanders. They should sit down and have a discussion.

Am I watching news? or am I watching an adult baby trying to argue with a guest on television...

I stopped watching Squawk back in 2000 and this is the first time I've seen Kernan's face. He looked like he had to take a huge dump with all the facial contortions. I thought he was obnoxious back in 2000 but he's really off the rails now.

Kernen is nothing but a TV personality with no experience in economics. His tiny background in finance was as a small-change stock broker.

I love this man Ray is so smart. If he has something to say maybe we should listen

Joe: Get fired already! CNBC sucks these days.

Congratulations to Ray Dalio. It’s amazing when his shares his concern about others not benefiting from the system as much as he did. And it is TRULLY wonderful when he offers practical suggestions to help improve the system and make it work for most Americans rather than very few at the top. I am very impressed and touched at the same time.

I love ray dalio so much... I hope he'll have many many years ahead to live and benefit humanity

There are no changes that will ever happen. It seems to be working as intended.

GET HIM RAY!!

The guy blame public school system and unions for inequality That is crazy

Profit profit profit the search for cheap labor has left the middle class destroyed

This guy in the white shirt is so offended that this guy is even questioning capitalism lmao triggered

KZfaq leveled the education field more than anything in history

Ray Dalio has a patience of a saint

Exactly!!!!! Yang2020!!! #humanitybasedcapitalism!!

YANG!

All the money in the world can go into public schools but it won't do any good if the students' families are irretrievably broken.

This guy is the embodiment of the American dream CNBC the embodiment of corporations

Can the hosts not interrupt the guest

You have the public bailout failing capitalist companies. Then the people deserves higher taxes from capitalist corporations. Simple!

Velocity of money. Top earners hoard. Bottom earners borrow. At some point, the system needs a hard reset (removal of power) and new protections (that will just be compromised later) - or you just need a new system.

I got the chance to meet Ray Dalio from working at a place he was staying. I had no idea who he was. I can only say that he was one of the nicest, honest, and most respectful guests (at our businesses) I have ever seen. Now watching this where he is again trying to help identify and fix a broken system and be completely disrespected and interrupted and talked over is unsettling.

That guy should have way more respect for Ray Dalio

Trickle down economic is the problem

Ray Dalio made more money in the 20 minutes of this interview than joe kernen makes the entire year

THERE IS A SPIRITUAL LADY CALLED MAMA, I don't know where she got those strong prayers to help people but she's good!! You know I've consulted with her two times. I remember there was a time when I couldn't get a job, and I called her to see if she could help me. By that time I had applied at my current workplace and they called me so fast without asking too many details I was offered the job yet I was told that the position has many applicants by the time I submitted in my papers!!!! Mama's spiritual prayers helped me to get that job within a week yet I had spent three good years when am jobless!! The next thing she did for me was to pray and I finally got promoted at work!! When I was new, I used to like upgrading and get at least a good salary increase since I had spent three years jobless!! I again called my spiritual woman Mama and told her about my desire to get a promotion!! She told me to let her know anytime when the company announces a good promotion and we pray such that I can get it!! There's my workmate who thinks that I was just born lucky, but deep down inside I know who has contributed to my success, She's called MAMA a very genuine spiritual lady who does some of these spiritual prayers for people like me!! So my writing for this was to at least praise her for what she has done for me, and maybe to pass over this information to anyone who may need it. Thank you CONTACT HER IF U NEED ANY HELP +27631843741

These stooges on CNBC can’t handle the truth

The biggest question that concerns me in capitalism is : Why hasn't CNBC fired Joe Kerinin yet??

Joe Kernen needs to be fired!

*PLEASE FOR THE LOVE OF GOD, Let RAY SPEAK* 🎤🎤🎤🎤🎤🎤 *hes a BEAUTIFUL MAN* -- PLEASE let the man speak. PLEASEEEEEEEEEEEEEEEEEEEEEEEEE 🎤🎤🎤🎤🎤🎤🎤🎤🎤🎤🎤🎤🎤🎤🎤🎤🎤

I love how Joe interrupts buffett and dalio

The average cost of a presidential campaign in the 70's was around $10 million. Its now around $1 billion. The average cost of a congressional campaign has increase over 700% since 1983. Corporations figured out that lobbying via super pacs and campaign contributions that they could buy politicians who would then implement policies favorable to them. A clear and recent example of this was the Mercer family who owned the patent on Oxycontin. The Mercers paid doctors to over prescribe their product which led to the opiate epidemic. When the FBI began a criminal investigation, the Mercer's instructed the congressmen they put into office to have it shut down. This example is just one out of thousands of how corporate lobbying has created a government which only implements pro corporate policies and completely ignore the interests of the lower and middle income classes.

JOE IS RIGHT!!!! Reforming capitalism isn't going to keep fathers in the home, make students study harder, or end drug abuse.

What has changed since the times Dalio is talking about is the holders and builders of wealth have compounded and hoarded the wealth and growth because that's what the current system enables therefore the previous opportunities have become way less available as the available ones increase the incumbents hoarding by default. Simple.

Me too! It's called "class guilt". George Orwell had it too.

One thing I’ve been thinking about is why the US doesn’t form some form of sovereign wealth fund and use that to fund some “other initiatives”. A lot of wealthier countries seem to have this set up

The tensions in this interview fundamentally arise from a lack of understanding of not only what capitalism is and in turn how complex it is but of ideologies of social organisation in general. What I mean by this is that no matter what form of social organisation is under consideration, it is the responsibility of relevant authorities to institute a framework which all participants must follow which effectively safeguards the various structures that comprise society. So the responsibilities of the authorities are not extricable from the results produced by whatever form of social organisation is in place, after all they are the ones responsible ensuring that society continues to function in an orderly manner. In the case of Capitalism, the issue is that Individualism at the level of every individual pursuing his or her own self interest cannot be reconciled with collective stability and in aggregate it is actually destabilising. There must be an conscious recognition of the fact that the survivability of the overall system takes precedence over individual liberties and to that extent Individualism cannot be allowed to destabilise the social order as it currently is doing by creating cumulative instabilities, as this could cause the collapse of the system itself which is clearly contrary to the objectives of almost all participants. This is what I think Mr Dalio is trying to explain and actively trying to raise awareness out and remedy through this philanthropy.

When middle class ends so does democracy.

We need a revitalized labor movement ...

Ray just diplomatically dismantled that guy and his emotions.

Loved what Dalio had to say on education. This country could cut its prison population by two thirds in a single generation if it supported childhood education. All of America’s prisons are filled with angry men who were innocent blank slates of children when they were 4 years old. Criminal behavior is learned between 4 and 16. Young men who see no mechanism of escape from poverty will turn to crime. America has been dropping the ball for the last 30+ years. I believe in Capitalism but Capitalism with some common sense rules of fair play that allow Capitalism for the common good (as in Dalio’s era-GlassSteagall), not just for short term maximum profit for share holders at the expense of the common good of the nation. America’s people and especially our children are our greatest natural resource

Ray is talking about (and could have put an easy to understand label on it) Democratic capitalism, also known as capitalist democracy, is a political, economic and social ideology that involves the combination of a liberal democratic political system with a capitalist economic system.

The best place to become a millionaire through business is Scandinavia and they have a huge safety net, great education and high taxation.

outsourcing labor and automation, weak societal foundations (privatizing prisons who are incentivized to break up families and put ppl in prison, large schools debts, large health care costs, mass producing of junk/plastic that has negative impacts on our planet, etc) all play into effect what Ray is saying. Capitalism got us here to this point but we need to change the rules of the game so we can make sure everyone has equal opportunity to a full/happy life while preserving our planet. We need to reform as to how we view production/capitalism in order to evolve into the next phase of how society and the world will continue to exist.

Capitalism for production, Socialism for distribution.

Even the reasonable host couldn't say redistribution. I think part of him died saying it lol.

Higher taxes will not save broken families. Family is the number one institution in the world and unfortunately for many it is broken. Until you address the broken families and hedonistic culture that exists today then it will be very hard to get more people to pay more in taxes.

Did this guy really blame unions and public education for the problems in America? The two things that probably contributed most to America's growth and success. CNBC needs to fire that dummy.

I always love hearing people overly simplify definitions of capitalism and socialism...

Totally agree with Dalio. what we have now IS not capitalism. Protected entrenched economic rent + Central bank mandate to protect capital with printed and tax payor money AT all costs => dysfuncitonal market (divorced from real events in the real economy) + gross misallocation of resources and capital.

Equal opportunity is nothing without equal advantages. You already are in disadvantage if you come from a broken family or fatherless household compared to someone who is from a stable, well off family... you already are in disadvantage if you come from a corrupt or 3rd world country compared to someone who comes from the USA, you already are in disadvantage if don't speak English and have waste time learning it in today's world etc... equal opportunity is obvious but the real equality is equal background... and this is how capitalism lured us... now it enriches only those who already were in great advantage... the rich are getting richer simply because they already had a head-start... we need to look more at psychological & social factors of inequality to determine who deserves certain opportunities more than others.

Capitalism's reach has become too pervasive. Corporate dominance is evident in almost every aspect of our societies such as media, politics, health care, education, foreign policy, and etc. Corporate interests are placed above individuals and even governments. Some wars have been fought to ensure corporate interests. Ray Dalio is brave and correct. See his full and uninterrupted interview on Bloomberg... it was much better. Why did cnbc invite him on if they don't allow him to make his points?!? Corporate interests feeling uneasy with Dalio's message!?!

Taxation is a major part of the problem. When those using 90 percent of the resources and make 90 percent if the money but only pay 30 percent if the tax thst burden 60 percent in addition to thier oen is being put on the backs of someone else. Thst someone else is the middle class and poor. By doing thst you crush free flowing money. No one can afford anything so no one buys anything. That will collapse an economy. So the wealthy need to either pay a lot more in wages or the government needs to reduce its tax burden on middle class and poor. And the rich need to pay a bit more. Everyone must agree the government needs to stay within it's means and reduce the debt.

finally somebody besides Bernie with some Balls.

Andrew Ross Sorkin said @ 9:50 "This one might be complicated for you" What gall and what disrespect. Really ?

Treat the man with respect.

Joe, write down what you want to say or ask before the show, at least when you have an important guest. You'll sound more coherent that way.

Dalio knows the problem clearly but does not know the solution.

The change in capitalism is that the Fed printed trillions of dollars and lower interest rates to 0% to help out people like Ray by inflating the stock market. Meanwhile people working for wages have to suffer the consequences from these actions by having to pay skyrocketing costs of living.

CNBC: Fire this Joe guy. He has hours a day to 'squawk' about whatever he wants, but when one of the most important economic thinkers of our era is on he talks over him. We've seen enough...

Dalio is a lucky guy. They basically did crack him down. Good show

Dalio speaks of growing up and being able to live the American dream through public education and working hard to achieve wealth. He also speaks of the wage gap is growing between earners. I am a plumbing contractor of 35+ years and I see what’s happening in America that’s what’s happened in my own career. I have 25 employees and I felt my job would not be replaced by Technology and moving jobs out of the country. That’s true however many fewer of my customers can no longer afford my services and that is creating an issue in my business. The wealthy are typically the ones that are being managed by these hedge funds to have excess earnings to invest in Wall Street. You millennials out there how many of you are you have your own stock broker or investing online?And no A meager 401(k) plan does not count

I believe we need to create awareness of stock market participation. I fuck with Ray he always keeps it 💯. Who ever was in the dude ear was hating.

Joe Kernen need to be fire. He need to respect the guest.

5:38 - That satisfied look after he makes a sophomoric remark....

Ray Dalio realized that after making all that money, it does not make him happy to see too many Americans struggling to make ends meet. It sounds like capitalism forgot the equal opportunity part to enable people to have the same chances to pursue their dreams.

why bring a guy to speak if you're gonna keep interrupting him and prevent him from speaking?

it is really hard for Ray to say capitalism has a problem when facing guys paid by capitalism to lie.

Is it possible to have an asymmetrical dialectic? Kernin went to grad biology at MIT. That’s curious.

Dalio is right in terms of simplicity, though not sure how successfully he conveys it. If increased profits are prioritized by allocating to tilting the table further toward increasing profits, is that not the problem? If you response to increased profits is to buy more lobbyists, that's not productive investment. That is where policy and possibly legislation could affect reform. Bring back anti-trust possibly?

Central bank policy i.e. quantitative easing has given all asset owners all of the wealth. Bank bailouts was not ''capitalistic'', they were socialist and centrally planned. The only way to fight back against this systemic failure and fix the wealth gap is to seek better alternatives, where the monetary system is not political. Buy bitcoin, short the bankers

This discussion all leads back to parenting

They all got hung up on the word “capitalism” and used it to derail the conversation. But Ray Dalio’s main points are correct. We can make it better, and we can definitely make it so that it includes more people.