The Next Phase in Globalization – Back to a Bi-Polar World
paulbissett.substack.com
Ray Dalio says the world order is changing, and the US is likely to lose it leadership. In his Changing World Order (see the video for a high-level review and an update here) he suggests a country’s peak position in the world order comes through the positive feedback in its dominance of trade, military, and money. However, as it becomes wealthy, the country loses focus, stops investing in its people, education, and infrastructure. This loss of focus degenerates into internal polarization over wealth inequity and waste, and ultimately leads to an over-extension in imperial activities. The fall of the country’s relative position coincides with the rise of a new country’s leadership and a new world order. He says that this has happened multiple times in history and suggests it is happening now with the fall of the US leadership position and the rise of China’s.
The Next Phase in Globalization – Back to a Bi-Polar World
The Next Phase in Globalization – Back to a…
The Next Phase in Globalization – Back to a Bi-Polar World
Ray Dalio says the world order is changing, and the US is likely to lose it leadership. In his Changing World Order (see the video for a high-level review and an update here) he suggests a country’s peak position in the world order comes through the positive feedback in its dominance of trade, military, and money. However, as it becomes wealthy, the country loses focus, stops investing in its people, education, and infrastructure. This loss of focus degenerates into internal polarization over wealth inequity and waste, and ultimately leads to an over-extension in imperial activities. The fall of the country’s relative position coincides with the rise of a new country’s leadership and a new world order. He says that this has happened multiple times in history and suggests it is happening now with the fall of the US leadership position and the rise of China’s.