Ray Dalio identifies some interesting patterns and lays out his projections regarding the great power dynamics between the United States and China. He draws loose parallels to the decline of past reserve currencies and the superpowers whom administered them - namely the Spanish, Dutch, and British Empires. He also draws comparisons between these powers and the powers that rose to succeed them. The analysis is crude and approaches being too general in scope to draw any meaningful conclusions, but the instinctual side of my brain finds truth in Ray’s areas of focus on what predicts the rise and fall of great powers. This is definitely worth a read as long as the reader comes in with a critical mindset.
guardiantesla , 11/12/2022
A great book for understanding the economics of USA and rest of the world in comparison. Dalio did a compelling job in elucidating the economics, wars, conflicts, and benefits of innovations in the last 500 years. A predominant work emphasizes on how China is en route to becoming the next super power and how the current situations in USA show the decline in its power. Several indicators and heuristics for past/future empires mentioned in this work are intuitive. Time will certainly tell about some of the predictions. However, I’d definitely recommend the book even for a casual reader. Oddly much of the philosophy applies to personal lives and families as well. But that’s my opinion 🙃
RDFKING , 04/09/2022
Highly informative