Changing World Order
Examines history's most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those in recent memory.
Stats for nerds
12recommend
31mentions
26people
2020–2026years
45% recommend55% neutral
Mentions per year
What Hacker News says
- See Ray Dalios Changing World Order book
They also have that Let it Rot problem so who knows
- I mostly read newspapers and technical journals, but two books that I read that made an impression: "The Changing World Order" and "The Gulag Archipelago".
- I watched it and I found him less convincing than Dalio's Principles of a changing world order, which I found to be extremely intuitive although not at all rigorous.
Ezra gave Rogoff a lot of push back and Rogoff came off as a guy who intuitively understands things but doesn't rigorously understand them so he looked kind of foolish multiple times. Rhetorically he was poor and if I hadn't already gone in agreeing with his general consensus, I would probably have been left fairly unconvinced. Of course, the curse of knowing a lot is that your knowledge of what you don't know is much larger than other people's knowledge so it's harder to confidently present things because you can think of exceptions or why they might not be true or how things could be much worse or much better than what seems most likely.
- > financialization
I think you are totally right, but particularly nationally.
Ray Dalio's Principles of a changing world order explains the macro forces around Boeing. He predicts we are headed for civil unrest as the rich get richer and the poor get poorer, and that we are definitely creating the conditions for world war particularly with China.
This is Principles in video form (45min): https://www.youtube.com/watch?v=xguam0TKMw8
I find the video prescient and directly relevant to so many HN posts. I have found no video that better explains the general state of America.
- Apparently in 1971 the Bretton-Woods agreement[1] was "suspended" and America went off the gold standard. Because the US dollar became both a fiat currency[2] and a reserve currency[3], it meant that we could print as much money as we like. Printing money directly fuels corruption and income inequality. Rather than reconciling bad decisions and balancing a budget, you just print more money. Financialization[4], a force which frequently gets referenced in Boeing threads, is just another consequence of poor monetary policy, as is decline of Rule of Law[5].
Ray Dalio's Principles for a Changing World Order is the best explanation I've seen for the general state of America and its clear decline (45m): https://www.youtube.com/watch?v=xguam0TKMw8
[1]https://en.wikipedia.org/wiki/Bretton_Woods_system [2]https://en.wikipedia.org/wiki/Fiat_money [3]https://en.wikipedia.org/wiki/Reserve_currency [4]https://en.wikipedia.org/wiki/Financialization [5]https://en.wikipedia.org/wiki/Rule_of_law
- If you aren't familiar with Ray Dalio's Principles for a Changing World Order, I can't recommend it enough (both the book and the YouTube video). You'll understand a lot better where the U.S. is in it's history and why so much is the way it is.
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