new video loaded: Is America Nonetheless No. 1?
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transcript
Is America Nonetheless No. 1?
The billionaire investor who predicted the 2008 monetary crash is bearish on America’s future standing on the planet. On “Attention-grabbing Occasions,” Ray Dalio tells the columnist Ross Douthat why.
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If I’m trying ahead 50 years, isn’t America nonetheless, within the context of the entire world order, a spot to have a sure sort of confidence in? We all know what wholesome is. There are solely three issues any nation has to do to be able to be wholesome, and that is all through historical past. First, educate your youngsters properly by way of their capabilities, the standard of their capacity to be productive, and their civility. No. 2, have them come out to a rustic wherein there’s order and that individuals work collectively to be productive, in order that there’s broad-based productiveness and prosperity. And don’t get right into a conflict — don’t get right into a civil conflict, or don’t get into a world conflict. That’s all you must do. Then you possibly can take a look at the basics of that: Are we educating our youngsters properly in order that they are often productive and succesful and so they’re civil with one another, that we’ve a civil inhabitants? Do we’ve an setting the place there may be productiveness and we will get alongside? I believe we’ve horrible circumstances. The gaps in schooling, the gaps in these items and civility are actual issues. So I believe that it actually involves that. It’s fundamentals: Do you earn greater than you spend? What’s your earnings like? What’s your stability sheet like? These are fundamentals. You recognize these fundamentals. So if we will have these fundamentals, sure, I thank God that I grew up in the USA, as a result of, oh my God, it was unbelievable. It was the place that anyone from anyplace on the planet might come and actually be a citizen. So it had that actual meritocracy. And I grew up in a lower-middle-class household. My dad was a jazz musician. I might go to a great faculty. And I consider that creativity and all of the fantastic issues — broad-based schooling; a center class, that we had, a center class — and we had these issues. And so I’ve seen the distinction. And so I do know what the basics are. And I take a look at measures and I’m nervous about that.
By Attention-grabbing Occasions
Might 13, 2026
