#251 – Ray Dalio: Money, Power, and the Collapse of Empires
Lex Fridman Podcast
The Peaceful and Prosperous Periods of Dominant Powers in History
Throughout history, peace and prosperity have been achieved under the dominance of a single power that effectively imposes peace by deterring others, leading to a period of cooperation and prosperity. These eras have historically followed moments of surrender and reorganization of world affairs. Notable examples include the Industrial Revolution in the late 1800s and the post-World War II period, both led by the world's dominant power. The development of capitalism since the Dutch in 1500 facilitated wealth creation by allocating resources to inventive individuals, though it naturally resulted in wealth disparities.
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