Canonical · Macro & Investing · Essay
The Changing World Order
Ray Dalio · 2020
"Long-term debt, currency, and empire cycles explain the relative decline of the US and rise of China."
Ray Dalio's framework on the rise and fall of empires. He argues that global superpowers follow a predictable 250-year cycle driven by education, technological innovation, economic dominance, and eventually, financial ruin and conflict.
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