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Home » FULL TRANSCRIPT: Ray Dalio on The Tucker Carlson Show

FULL TRANSCRIPT: Ray Dalio on The Tucker Carlson Show

Read the full transcript of investor and entrepreneur Ray Dalio’s interview on The Tucker Carlson Show episode titled “America’s Hidden Civil War, and the Race to Beat China in Tech, Economics, and Academia” premiered on Feb 21, 2025.

Listen to the audio version here:

TRANSCRIPT:

The State of Civil War in the United States

TUCKER CARLSON: So, I’ve heard you say that the United States is in a civil war, and I think most Americans don’t perceive that. Can you tell us what you mean by that?

RAY DALIO: Well, what I mean by a civil war, I should say a type of civil war, is that there are irreconcilable differences that each side is willing to fight for in order to get the outcomes that they want. In that environment, the issues of how the legal system works, whether it will stand in the way of that fight, or whether there will be a fight that will make the cause more important than anything, come into play.

That’s the type of situation that we’re in. We understand there are wealth and values gaps that are entering into this. We’ve seen this through history, so where that goes is a different question, but we are in that type of civil war, are we not?

TUCKER CARLSON: Clearly we are. How are they resolved? I mean, clearly they can be resolved through violence, but what are the other ways you resolve the kind of conflict we have?

RAY DALIO: Clearly they’re resolved through conflict, because you get to the point where both sides can’t reach agreements, both sides don’t even want to talk, both sides don’t want to respect the rule of law. So when we’re dealing with things like sanctuary city issues, and we’re dealing with enforceability, who has the enforceability, you almost have to play out, okay, enforceability means police forces and such things.

TUCKER CARLSON: Right, people with guns.

RAY DALIO: Right, people with guns and causes.