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Why on earth are hedge fund managers warning of class warfare?

Updated : May 06, 2019 02:43 PM IST

According to the Financial Times, Guggenheim Partners’ Alan Schwartz even warned of class warfare. JP Morgan CEO Jamie Dimon had said earlier that capitalism needs to be reformed. And at Berkshire Hathaway’s recent annual general meeting, Warren Buffett said that capitalism had to take care of people who are left behind.
None of these staunch capitalist supporters is, of course, talking of socialism. They all agree capitalism has delivered great benefits, but feel we need to reform it, so as to preserve it.
Why on earth are hedge fund managers warning of class warfare?
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