US and China conflict goes way beyond trade, says Ray Dalio, founder of world’s largest hedge fund

Bridgewater’s Ray Dalio on the bond bubble, China and trade from CNBC.

“The trade war, I think, can be worked out,” says Ray Dalio, the billionaire founder of Bridgewater Associates.

The two nations’ polar opposite methods of governing is the broader, more difficult issue to reconcile, he argues.

“History has shown there’s a concept called the ‘Thucydides Trap'” that indicates conflict, Dalio says.