The Movie American Factory Is About a Chinese Factory in America
I watched a very good highly recommend documentary called American Factory recently it was produced or distributed or oh yeah by Netflix so yes I know what you're talking about. The company the company is called Fu Yao produce 70% of the world's supply of automotive glass which is incredible and when you see the guy who founded the company it's like oh god this is so much like how China works. They tried to apply the same principles they have in China to American workers but it just doesn't work very well. And he breaks down for all the factors like wait Spain I know well I don't know IYeah maybe maybe maybe you like talk about menacing demographics Italy has some bad demographics too but
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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.
