Every self-respecting capitalist, it seems, is rushing to the aid of capitalism. James Dimon, chief executive of JPMorgan Chase, and Ray Dalio, founder of Bridgewater Associates, the world’s biggest hedge fund, both made headlines recently with eye-catching observations on the troubled condition of the U.S. economy. Mr. Dalio’s mood is apocalyptic: “I believe that all good things taken to an extreme can be self-destructive and that everything must evolve or die,” he wrote recently. “This is true for capitalism.”In California...

Source: Wall Street Journal May 03, 2019 16:52 UTC