Changing World Order
Ray Dalio’s book “Principles for the Changing World Order” did a great job relaying the necessary context or empires. Ray Dalio give us examples of Empires that established capital markets; the Dutch empire. The Dutch were the first to have Capital markets. This allowed them to become prosperous. The United States is a world power and has been for the last 200 hundred years. Ray Dalio’s stats show that the United States is on the decline compared to the rising power or China. China has four times the amount of the population of United States, and has increased their GDP/living standards exponentially. History has shown that when an empire is challenged by another rising empire it can lead to a war. Dalio, one of the most successful hedge fund mangers ever believes it's a 35% chance that the United States enters a war. Political context within the empire can add to a empire’s devise (Which I doubt will happen to USA). Dalio sights that political differences are greater ...