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Dealing With The Future
Dealing with the future comes from understanding how things change. You can understand how things change by studying how they changed in the past.
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186 reads
The Rise And Fall Of Nations
There are 3 major forces that drive the rise and fall of nations:
- The changing relative powers of countries: As countries rise and fall in power, the world order changes.
- The changing relative productivity of countries: As countries become more or less productive, their wealth and power also change.
- The changing values of countries: As countries' values change, so too does their behavior on the world stage.
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Trends Driving The Change In The Next Decades
The world order is currently in a state of flux, and the next few decades will be a period of great change and upheaval. There are 3 key trends that are driving this change:
- The rise of China: China is rapidly becoming a major economic and military power, and its rise is challenging the US-led world order.
- The decline of the West: The US and other Western countries are facing a number of challenges, including demographic decline, economic stagnation, and political polarization.
- The rise of populism and nationalism: Populist and nationalist movements are on the rise around the world.
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Economics and politics have swings between the left and the right in varying extremes as the excesses of each become intolerable and the memories of the problems of the other fade.
RAY DALIO
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103 reads
Ways For Dealing With Uncertainty
- Know all the possibilities, think about the worst-case scenarios, and then find ways to protect yourself against them.
- Diversify
- Put deferred gratification ahead of immediate gratification so you will be better off in the future.
- Triangulate among the smartest people possible.
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IDEAS CURATED BY
CURATOR'S NOTE
History repeats itself, and by studying it we can be better prepared about what the future brings
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