Ray Dalio Live (Replay) with Barry Ritholtz (Podcast)
Masters in Business
00:00
The Rise and Decline of Great Powers
In the last 500 years, there have been 16 times where a power comes to challenge an existing power. After World War II, the United States was powerful both economically and also it had a monopoly on nuclear power. How do you resolve conflicts in the world market? You don't go to a court system. There's not a rule of law in the world that becomes dominant.
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