The Changing World Order
Ray Dalio — Simon & Schuster, 2021
History has shown that there have always been and always will be big cycles — rises and declines of wealth and power — and they have always seemed surprising to those who weren’t paying attention to the patterns.
Dalio studied 500 years of empire cycles — the Dutch, the British, the American — and found the same template repeating each time. Debt, internal conflict, a rising challenger. A framework for reading the current moment without being surprised by it.