Principles for Dealing with the Changing World Order

Ray Dalio's 2021 book analyzing 500 years of economic and political history to identify recurring patterns — rising and declining empires, debt cycles, wealth gaps — arguing that the US is in a late-stage empire decline analogous to the Dutch and British empires.

Provides the most systematically researched popular macro-historical framework for understanding the current US-China transition — using Bridgewater's historical data to identify repeating patterns across eight key indicators of imperial rise and decline.