A review by miguelf
The Changing World Order: Why Nations Succeed and Fail by Ray Dalio

3.0

No one would likely confuse Ray Dalio as a prominent historian, yet he plays one for much of this doomer book. Ray founded a company that made billions betting on market movements and he credits some of that with his understanding of history, which is all well and good but much of the information he presents comes across about as credible as someone like Malcolm Gladwell (i.e., sometimes credible, sometimes not). The disaster forecasting about the US with the certainty that we are in its 5th stage (which I can’t really counter according to Dalio’s model) leads one to ponder why someone so fabulously rich as Dalio can’t come up with some better solutions or ideas to counter this inevitable demise. Maybe, oh, suitable taxation on the billionaire class or additional regulation to guardrail financial markets? In any case, I do very much appreciate Dalio's honesty and attempt to portray his worldview.