The Changing World Order: Why Nations Succeed or Fail
- Downloads：2859
- Type：Epub+TxT+PDF+Mobi
- Create Date：2021-07-05 11:31:18
- Update Date：2025-09-06
- Status：finish
- Author：Ray Dalio
- ISBN：1797115774
- Environment：PC/Android/iPhone/iPad/Kindle
Reviews
Antti Tähtinen
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The end is nigh！
Nick Ratti
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I really enjoyed this book however I feel that the mechanical system that he describes the evolution of countries perhaps puts his analysis of the US economy incorrectly。 Either way the historical examples and similarities are very interesting。
James
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The book is not perfect， but for me the honest and （generally） data-driven approach to highlight a 100-year lifecycle of empires/world order with historical examples vastly outweights its flaws。I'll be thinking about and coming back to it for years to come。 The book is not perfect， but for me the honest and （generally） data-driven approach to highlight a 100-year lifecycle of empires/world order with historical examples vastly outweights its flaws。I'll be thinking about and coming back to it for years to come。 。。。more
Gregoriye
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Great book for those who wants to go deeper in understanding the power of cycle debt， revolution's through history of different countries， It gave me insights to understand what's happening in this days of pandemic situationI enjoyed reading the book online on principles。com/the changing world order - for free ）。 Great book for those who wants to go deeper in understanding the power of cycle debt， revolution's through history of different countries， It gave me insights to understand what's happening in this days of pandemic situationI enjoyed reading the book online on principles。com/the changing world order - for free ）。 。。。more
Michael
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I read the early draft of the book that is available online。 The complete version is supposed to be published later this year （2021）。The book essentially highlights big financial and political patterns that have repeated for many empires。It is based on a lot of research， of impressive scale。 The early version I read focuses on the high-level insights gained from that research and is easy to read。 But it’s probably a little too coarse as is。 Hopefully the complete version will be polished and off I read the early draft of the book that is available online。 The complete version is supposed to be published later this year （2021）。The book essentially highlights big financial and political patterns that have repeated for many empires。It is based on a lot of research， of impressive scale。 The early version I read focuses on the high-level insights gained from that research and is easy to read。 But it’s probably a little too coarse as is。 Hopefully the complete version will be polished and offer more details （or at least that the author will somehow publish the data and other information he and his team collected）。 。。。more
Lisa
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This isn't a good book。 Ray Dalio gets very basic facts wrong， e。g。 the timing of World War I， the impact of the Treaty of Versaille reparations on Germany and Mitteleuropa， the definition of right-wing populism （it isn't about making billionaires wealthier: it is populism！）， which US president took us off the gold standard and when。 He praises China for its weaknesses （totalitarianism） rather than its strengths。 He contradicts himself repeatedly within the same chapter， sometimes even the same This isn't a good book。 Ray Dalio gets very basic facts wrong， e。g。 the timing of World War I， the impact of the Treaty of Versaille reparations on Germany and Mitteleuropa， the definition of right-wing populism （it isn't about making billionaires wealthier: it is populism！）， which US president took us off the gold standard and when。 He praises China for its weaknesses （totalitarianism） rather than its strengths。 He contradicts himself repeatedly within the same chapter， sometimes even the same page。So the general problem with The Changing World Order is that Dalio gets historical events muddled up， things that are easily checked and widely accepted， then he uses that incorrect information to draw causal relationships about shifts in global political economy， e。g。 US dollar losing its reserve currency status， and as Joe Biden likes to say， "China's going to eat our lunch！" I don't know about that！ China has much worse income and wealth inequality than the US。 Also， Chinese and Indian citizens continue to send their children to American universities in droves， so our education system hasn't gotten THAT bad。。。 not yet。 Oh， and Chinese flight capital lands primarily in big American and Canadian cities。 Dalio doesn't mention any of this， not that I recall。Also， Dalio's central focus， about long term money and debt cycles， has been analyzed and refined repeatedly over the past 100 years。 I'm referring to Kondratieff waves （circa 1926， capitalist economies are subject to spontaneous and recurrent depressions and recoveries every 50-60 years） and Kuznets business cycles （for which Kuznets won the Nobel prize in economics in 1971）。 Then there's Peter Turchin （he's a bit pseudo-sciencey but is a legitimate mathematical statistician） who tries to empirically determine how human societies evolve， and why we see extremes of inequality in economic performance as well as ineffective governments。 Turchin's work is in progress right now， even though I don't think he does as good a job as Simon Kuznets did！ Oh， and there are also the guys who wrote "The Fourth Turning"， about recurring social and economic cycles in American and world history。 I've read work by the latter two （and studied Kuznets）。 Their writing is mostly accessible， i。e。 clear and succinct， and accurate about known facts of demography and history。As other reviews mentioned， The Changing World Order is repetitious。 It has some of the most awful time-series graphs ever。 I suspect that Dalio's stature as founder and CEO of hedge fund Bridgewater is such that no one dares to edit him。 I am a financial economist。 I'm STEMy。 I work at a bank。 I fully realize that Dalio knows how to invest money and make extraordinary returns。 That's his forte！ It *is* kind of fascinating how disconnected his abilities as an asset manager are from this book。EDIT: I only read the intro， Chapters 1， 2， and 6。 I think there are two chapters 5。 The book will be available on Kindle and in paperback in May 2021。 It was published in hardback in November 2020。 Dalio made it available now as a series of html web pages。 That's how I read it。 。。。more
Daniel
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Masterpiece！ It truly expanded my perspective on the macro economic events and helped me identify many events that seemed unique， but may not be so unique after all， historically， only for my short lifetime。
Jesse | Rude Tech
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If I could give it 6 stars， I would。 Everyone should read this， especially elected officials。
Jackson Barkstrom
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I skimmed through the online excerpts currently available--I was pleasantly surprised by how good this was！ No one but Ray Dalio could write a book like this。 His （over？）confidence， open-mindedness， and unique global perspective make this worthwhile reading。Dalio takes you through world history and tries to explain the current power dynamics in terms of long term money and debt cycles， domestic wealth and power cycles， and international wealth and power cycles。 The study is really useful for con I skimmed through the online excerpts currently available--I was pleasantly surprised by how good this was！ No one but Ray Dalio could write a book like this。 His （over？）confidence， open-mindedness， and unique global perspective make this worthwhile reading。Dalio takes you through world history and tries to explain the current power dynamics in terms of long term money and debt cycles， domestic wealth and power cycles， and international wealth and power cycles。 The study is really useful for contextualizing the rise of China and the potential decline of the United States。 He's not as thorough as an academic， but his use of language for clarity as opposed to precision， his bolding key sentences to help out speed readers， and his heavy use of visuals make this a great read for a non-expert。Really curious what a professional Western economist would think of this。 Is this a good book， or is it popularized garbage？ I personally think the former， and I wish economics courses could be more like Ray Dalio and actually cover material of substance。 。。。more
Alex
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Almost every currency used in history no longer exists。
Alexander Chychykalo
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This is really interesting book which gives a grand perspective on a current world order。 Thought #1 - Everything is cyclical - History has taught us that nothing is forever other than evolution， and within evolution there are cycles that are like tides that come in and go out and that are hard to change or fight against。 After the creation of a new set of rules establishes the new world order， there is typically a peaceful and prosperous period。 As people get used to this they increasingly bet This is really interesting book which gives a grand perspective on a current world order。 Thought #1 - Everything is cyclical - History has taught us that nothing is forever other than evolution， and within evolution there are cycles that are like tides that come in and go out and that are hard to change or fight against。 After the creation of a new set of rules establishes the new world order， there is typically a peaceful and prosperous period。 As people get used to this they increasingly bet on the prosperity continuing， and they increasingly borrow money to do that， which eventually leads to a bubble。 As the prosperity increases the wealth gap grows。 Eventually the debt bubble bursts， which leads to the printing of money and credit and increased internal conflict， which leads to some sort of wealth redistribution revolution that can be peaceful or violent。 Out of these debt， economic， domestic， and world-order breakdowns that take the forms of revolutions and wars come new winners and losers。 Then the winners get together to create the new domestic and world orders。Thought #2 - Chinese are more strategic and long term thinkers。 Chinese empire is on a rise now。 - As a result of their longer history ， the Chinese are much more interested in evolving well over much longer time frames than Americans， who are much more interested in making quick hits—i。e。， the Chinese are more strategic than Americans， who are more tactical。 The arc that Chinese leaders pay the most attention to is well over a hundred years long （because that’s how long good dynasties last） and they understand that the typical arc of development has different multidecade phases in it， and they plan for them。Thought #3 - US empire has passed its zenith in 60-70s and started inevitable decline（everything is cyclical） Thought #4 - US and China relationship are complicated ones as the world order is rapidly changing。 。。。more
Nicolas Mondragon
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This book is an impressive recollection of history to understand what is going on。 I would recommend this book a lot if you want to have a cristal clear vision of the next few decades
Olof
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+Discusses factors which affect the rise and fall of empires and what could influence the current （and future） world order。+Introduces reflections on Chinese culture and governance in contrast to American culture and governance。+Discusses issues over a broad range of subjects （economics， politics， culture。。。）-Somewhat repetitive
Vinh
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Very well written。 The book covered a lot of topics such as geopolitics， macroeconomics， history， investment， finance。 Although some parts are repetitive， it is very enjoyable read
Sanford Chee
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https://www。principles。com/the-changi。。。 https://www。principles。com/the-changi。。。 。。。more
Satwik Kansal
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