Ray Dalio

Ray Dalio On US Vs China Says Can easily Slip Beyond Control And “Become Terrible Wars”

As I have explained for a while, the U.S.-China conflict is much more extensive than a “trade war.” It is an ideological conflict of comparable powers in a small world. It’s about 1) China emerging to challenge the power of the U.S. in many areas and 2) these two countries having two different approaches to life­—one that’s top down and one that’s bottom up. These conflicts extend to American and Chinese businesses, technologies, capital markets, influences over other countries, militaries, ideologies, and most everything else. They are made especially difficult because the Chinese . . .

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