Principles for Dealing with the Changing World Order Quotes

“The Renaissance (1300s–1600s) A new way of thinking, in many respects modeled after the ancient Greeks and Romans, started in Italian city-states around 1300 and passed through Europe until the 1600s, in a period known as the Renaissance.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“the really big boom periods and the really big bust periods, like many things, come along about once in a lifetime and so they are surprising unless one has studied the patterns of history over many generations.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“At the time, wealthy rulers funded the expeditions in exchange for a share of the bounty that the explorers brought back with them.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“Going into 1900 things looked great, except for the fact that wealth gaps and resentments were increasing and debts had become large.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“when credit is created, buying power is created in exchange for a promise to pay back, so it is near-term stimulating and longer-term depressing.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“the United States and China are in an economic war that could conceivably evolve into a military war and comparisons between the 1930s and today provide valuable insights into what might happen and how to avoid a terrible war.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“More specifically, in my opinion, if you don’t understand what happened since at least 1900 and how that rhymes with what is happening now, there is a high likelihood that you will find yourself in trouble.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“History shows that raising taxes and cutting spending when there are large wealth gaps and bad economic conditions, more than anything else, has been a leading indicator of civil wars or revolutions of some type.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“the single most reliable leading indicator of civil war or revolution is bankrupt government finances combined with big wealth gaps.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“the post-1789 French Revolution period called the Reign of Terror, the post-1917 Russian Revolution period called the Red Terror, the post-1949 Chinese Civil War period called the Anti-Rightist Campaign,”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“When humans have the capacity to produce more revenue than they expend, there is good human capital and self-sufficiency. I call this “self-sufficient plus,”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“Throughout time and in all countries the people who have the wealth are the people who own the means of wealth production and, in order to maintain it, they work with the people who have the power to set and enforce the rules.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“Innovation + Commercial Spirit + Thriving Capital Markets = Great Productivity Gains = Increases in Wealth and Power”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“All societies create cultures based on how they think reality works, and they all provide principles for guiding how people should deal with reality, and most importantly how they should deal with each other. Culture drives the formal and informal ways each society works.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“There are always arguments or fights between those who want to make big redistributions of wealth and those who don’t.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“learned that the biggest thing affecting most people in most countries through time is the struggle to make, take, and distribute wealth and power, though they also have struggled over other things too, most importantly ideology and religion.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“the US has military bases in at least 70 countries.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“when wealth and values gaps are large and there is an economic downturn, it is likely that there will be a lot of conflict about how to divide the pie.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“Why and How Capitalism Needs to Be Reformed.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“archetypically.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“Tras estudiar más de cincuenta guerras civiles y revoluciones, me ha quedado claro que el indicador principal más confiable de la cercanía de una guerra civil o una revolución es la bancarrota de las finanzas públicas combinada con la existencia de grandes brechas de riqueza.”
― Ray Dalio, Principios para enfrentarse al nuevo orden mundial: Por qué triunfan y fracasan los países

“government debt. This leads to a weakening of the”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed or Fail

“By and large, we will get what we deserve. As Churchill said to the British people: ‘Deserve victory.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“Note how life expectancy stayed roughly the same (about 25–30 years) for about 350 years and then accelerated starting around 1900, when there were big improvements in infant mortality rates and several medical advances, like antibiotics.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“4) the pace of innovation and technological development to solve problems and make improvements and 5) acts of nature, most importantly droughts, floods, and diseases.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“1) the cycle of good and bad finances (e.g., the capital markets cycle), 2) the cycle of internal order and disorder (due to degrees of cooperation and fighting over wealth and power largely caused by wealth and values gaps), and 3) the cycle of external order and disorder (due to the degrees of the competitiveness of existing powers in fighting for wealth and power).”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“When one is in Stage 5 (like the US is now), the biggest question is how much the system will bend before it breaks.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“I learned that the value of assets is the reciprocal of the value of money and credit (i.e., the cheaper money and credit are, the more expensive asset prices are) and the value of money is the reciprocal of the quantity of it in existence, so when central banks are producing a lot of money and credit and making it cheaper, it is wise to be more aggressive in owning assets.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“Because spending on the military takes government money away from spending on social programs, and because military technologies go hand in hand with private sector technologies, the biggest military risk for the leading powers is that they lose the economic and technology wars.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“Only two US banks made the list of the top 20 largest global banks in 1913, at numbers 13 and 17. In comparison, British banks occupied nine slots, including three of the top five. For perspective, at this point the US was far larger than the UK in economic output, and they were neck and neck in export market share.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail