"I'm a capitalist. I believe in the system. I believe you can increase the size of the pie and you could divide it well," says Ray Dalio, founder of Bridgewater Associates. He offers wide-ranging insight and advice on how we might recover from the global economic fallout of the coronavirus crisis -- and use it as an opportunity to reform the systems that help grow our economy. (This virtual conversation is part of the TED Connects series, hosted by head of TED Chris Anderson and business curator Corey Hajim. Recorded April 8, 2020)

Ray Dalio: What coronavirus means for the global economy

What coronavirus means for the global economy

Ray Dalio compares the current economic impact of COVID-19 to a 'tsunami', emphasizing the need for understanding money and credit roles.

Ray Dalio outlines a comparison between current economic impacts and the 1930s, emphasizing the role of debt and monetary policy.

Innovators and stable, essential businesses will thrive post-crisis, predicts Dalio, highlighting the importance of strong balance sheets.