Billionaire Ray Dalio Says Wealth Gap Is Largest Since 1930s

The video discusses a new economic paradigm influenced by three major forces: the long-term debt cycle, wealth and political gaps, and the rise of global powers challenging the U.S. It explains how monetary policy has evolved, particularly since 1945, and its impact on credit and asset prices. The wealth gap is the largest since the 1930s, leading to significant political divides. The rise of new global powers and the coronavirus pandemic further complicate these dynamics, affecting global economic stability.

Discuss the implications of the wealth gap cycle as described in the text.

What role did the coronavirus play in the economic context discussed?