3min chapter

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

Lex Fridman Podcast

CHAPTER

The Vulnerability of Democracy and Autocracy

The vulnerability of democracy has always been the internal conflict that produces itself as anarchy. In World War II, four democracies chose to be autocracies because there was internal disorder. So both systems have vulnerabilities. I believe that there's a very high chance that neither side will accept losing, for example.

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