On May 7th, Ray Dalio, the founder of Bridgewater Associates, made a pessimistic forecast during an interview with The New York Times podcast "Sway". He predicted that in the next five years, we may face an unprecedented period of turmoil. The convergence of five forces – the monetary system, social divisiveness, international order, climate change, and AI technology – is happening simultaneously. He particularly mentioned the impact of AI: on one hand, it will significantly increase productivity and even help alleviate debt issues, but on the other hand, it will exacerbate wealth inequality, replace numerous jobs, and even be used for destructive purposes such as cyberattacks. These changes could potentially transform the United States beyond recognition.
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