Is the American Revolution a Success or a Failure?
On a per capita basis, I'll give it to Britain, for sure. So what was the what's the criteria for a revolution being successful or what is he saying is the difference? Do you have failed? But I mean, I think the list wasn't that. Well, so for example, from like his perspective, that of from a merchant perspective, the American Revolution wasn't especially significant. The British were the British were power structure did not like assume assume assumes the throne of the British Empire.
Transcript
chevron_right
Play full episode
chevron_right
Transcript
Episode notes
Ray Dalio, founder of Bridgewater Associates, has written several books on the world of investing and the economy in general based on his years of experience as manager of the world’s largest hedge fund. In the latest of his ‘Principles’ series, Dalio applies his quantitative approach of macro investing to analyzing countries, seeking to identify the factors that lead to strength such as education and work ethic, as well as lagging indicators such as a reserve currency that allow a country to spend beyond its means but ultimately presage a fall from dominance. Notably, Dalio sees China’s rise to the top of global power as likely, with America, while ahead, slowly declining. Tonight we debate the merits of his analysis, as well as the overall validity of a global macroeconomic approach that overlooks key factors such as demographics in forecasting long term power status.
