The man is Ray Dalio. Business Insider's Hollis Johnson.
Business Insider's Hollis Johnson.
The billionaire founder of the world's largest hedge fund came under fire last week for comments he made about Chinese human rights.
When asked about China's practice of taking certain citizens out of the public eye, he likened those actions to those of a strict parent.
He clarified those comments in a post.
In his new book, "Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail," he wrote about it.
He said in the book that the US and China have different values, and that the US's ability to impose things on the other will depend on its power.
Americans might not like how the Chinese handle their human rights issues, and the Chinese might not like how Americans handle their human rights issues. Should Americans fight with the Chinese to impose their will on them or should they not? He wrote on page 4 that it was probably impossible to force others in other countries to do what they strongly believe is not good for them.
Some people would fight to the death over cultural differences between the US and China. He wrote that most Americans believe in "Give me liberty or give me death" while the Chinese believe in "collective stability"
According to his book, the author has been to China for 37 years and has become familiar with many people who helped China become a competitor to the US.
China has been accused of removing high-profile people from the public eye. China's leadership style is to make it clear that it is in a superior position to the other parties and that they will be punished if they don't obey.
He said that they can be wonderful friends who will provide support when needed, noting that his Chinese friends gave the governor of Connecticut personal protective equipment.
He wrote in the book that a number of countries' leaders have been put off by China's acts of generosity and strict punishments.
While he weighs the pros and cons of investing in China in light of human rights issues, he said his clients rely on the firm to invest in countries in the best possible ways.
Business Insider has an original article.
