4min chapter

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#251 – Ray Dalio: Money, Power, and the Collapse of Empires

Lex Fridman Podcast

CHAPTER

The Archetypal Big Cycle

In 1668, after 30 years of war, there was the development of nation-states. And political powers usually centered around nation-state. So classically, you have a war to determine whose rules were following and then new water being constructed. After that, there is usually period of extended peace and prosperity.

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