Capitalism doesn't need to be destroyed but it does need to be reformed, hedge fund titan Ray Dalio said Monday in a blistering critique of the system.
"I'm capitalist, I'm a professional capitalist. The system has worked for me," the Bridgewater Associates founder said during a fiery debate on CNBC's "Squawk Box." "I didn't have anything and then I got something through the capitalist system."
However, he said the question is whether there is "equal opportunity for the American dream." He said that he did have that chance, but too many others do not.
"So I was raised with equal opportunity. I went through the public school system and I had parents who took care of me. Then I was able to come in with equal job opportunities," he added.