Episode 53: Ray Dalio
Straight Talk with Hank Paulson
Buying Power Is Key
There's no example in history of any country losing its fiscal strength and continuing to be a great power, right? Buying power is key. And when you have financial probles, so populism of the left and populism of the right, which means, you know, more extremism with also the view that i will fight for you. That changes. It's no longer we will compromise. You see you want fighters for your cause. The perceived fairness of that diminishes. When the causes that people are behind are more important to them than the system, the system is in jeopardy.
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