3min chapter

The TED Interview cover image

What coronavirus means for the global economy with Ray Dalio

The TED Interview

CHAPTER

Is There a Global Recession?

i want to ask one more sort of big picture question before we start getting to how we should fix capitalism. If we retreat from globilization right now, does that make everything harder going forward? And thenw youll deal with, how will they behave for each other? Are one country's vulnerabilities, another country's opportunities in such times? Ye. Because at the end of the day, there's not even a global legal system. Power is the is. What is the currency of that? So when you get into what, how do you resolve a dispute as to who gets what? That a very complicated question....

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