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Ray Dalio, Founder of the World's Largest Hedge Fund, Says the System is Broken Of course, most progressives know what Dalio and others like him have been blind to all along. Without strong measures to restrain the worst of capitalism and force redistribution of wealth, this is exactly how capitalism always works - or rather fails to work. When you define success as being richer than everyone else, people will find a way to do just that. Whether it's fair, whether it's moral, whether it's legal; those are things for lawyers and ethicists to quibble over. Only ideologues and idiots think that it's relevant that capitalism is transparently not a meritocracy.