CONVERGE LIVE updates: Ray Dalio issues U.S. debt warning, Alibaba's Tsai talks AI

As in 1980 and 2008, while our calculations clearly pointed to a debt crisis ahead, I knew that I could be wrong. Because it would be a big deal if I was right, I wanted to discuss what I was seeing with top policymakers both to alert them and to have them correct me if they saw things differently. I encountered the same sort of resistance without

defaulting on its debts

wealth will probably be increasingly redistributed from those who have a lot of it to those who don’t have enough of it in one way or another.