Ray Dalio’s Principles for Dealing with the Changing World Order (2021), he explains the ways in which large nations and empires have risen and fallen throughout the ages. By examining nations and empires of the past he is able to analyse various patterns and sequences of events spread out across the last 500 years. For example, when a nation in rising in international prominence it is usually due to enlarged investment in education, which is followed by technological innovations, increased healthcare and quality of life, increased military capacity, a global reserve currency, etc. All great empires throughout history have followed this trajectory in their rise to significance, just as all great empires come to decline over time. The reasons for the eventual decline are manyfold, and include the fact that reserve currencies are often mismanaged, military spending comes to occupy a dramatically higher proportion of spending than education, and the skills and abilities that make societies great are not adequately entrenched through generations; the people who make empires great are not the same people who oversee their declines: debauchery, moral degradation, and an inferior work ethic come to drive the eventual collapse of one empire whilst another comes to fill its place.
Bitcoin and Lateral Thinking
Bitcoin and Lateral Thinking
Bitcoin and Lateral Thinking
Ray Dalio’s Principles for Dealing with the Changing World Order (2021), he explains the ways in which large nations and empires have risen and fallen throughout the ages. By examining nations and empires of the past he is able to analyse various patterns and sequences of events spread out across the last 500 years. For example, when a nation in rising in international prominence it is usually due to enlarged investment in education, which is followed by technological innovations, increased healthcare and quality of life, increased military capacity, a global reserve currency, etc. All great empires throughout history have followed this trajectory in their rise to significance, just as all great empires come to decline over time. The reasons for the eventual decline are manyfold, and include the fact that reserve currencies are often mismanaged, military spending comes to occupy a dramatically higher proportion of spending than education, and the skills and abilities that make societies great are not adequately entrenched through generations; the people who make empires great are not the same people who oversee their declines: debauchery, moral degradation, and an inferior work ethic come to drive the eventual collapse of one empire whilst another comes to fill its place.