5min chapter

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

Lex Fridman Podcast

CHAPTER

Is There a Dialectic in China?

In China, the leadership is surrounded by yes men and there's a lot of centralized control. Deng Xiaoping famously said that it doesn't matter if it's a white cat or a black cat, just as long as it catches mice. The United States is a country of individuals, and individualism. And we build our organization, that's why democracy is from the bottom up.

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