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Ray Dalio: Principles for Dealing with the Changing World Order

Commonwealth Club of California Podcast

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What Are the Lessons From China?

The most important thing is to try to have people who haven't had much contact with China to actually understand what's going on in the motivations behind it. Deng Xiaoping said, when basically asked that question, he says it doesn't matter whether a cat is black or white as long as it catches mice if it works. And so what we're seeing now is things that are going on there that people may not understand,. It's a very it's a top down, more autocratic system, unlike the United States which is much more a bottom up system.

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