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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 “Fascinating Occasions,” Ray Dalio tells the columnist Ross Douthat why.
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If I’m wanting ahead 50 years, isn’t America nonetheless, within the context of the entire world order, a spot to have a sure form of confidence in? We all know what wholesome is. There are solely three issues any nation has to do in an effort to be wholesome, and that is all through historical past. First, educate your kids properly when it comes to their capabilities, the standard of their capability to be productive, and their civility. No. 2, have them come out to a rustic by which 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 battle — don’t get right into a civil battle, or don’t get into a global battle. That’s all it’s a must to 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 they usually’re civil with one another, that now we have a civil inhabitants? Do now we have an surroundings the place there’s productiveness and we will get alongside? I believe now we have horrible circumstances. The gaps in training, 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 revenue like? What’s your steadiness 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 wherever on the planet may come and really 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 may go to a superb faculty. And I consider that creativity and all of the fantastic issues — broad-based training; 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 Fascinating Occasions
Might 13, 2026
