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GZERO World with Ian Bremmer

No Empire Lasts Forever: How China’s Rise Could Trigger a New World Order

GZERO World with Ian Bremmer

GZERO Media

Politics, News, Foreign Policy, News Commentary, Government, Geopolitics, International Relations, Ian Bremmer, Trump, Global Economy, Gzero World

4.7830 Ratings

🗓️ 12 February 2022

⏱️ 27 minutes

🧾️ Download transcript

Summary

What keeps Ray Dalio, one of America’s most successful investors, up at night? Three things: spiraling debt, a weakening dollar and a rising China. China is closing the gap on US economic dominance as its geopolitical influence grows, Dalio tells Ian Bremmer on the GZERO World podcast.   The US economy is negatively impacted not only by its debt but also by the widening wealth gap among Americans, and these all play into Beijing's plans to surpass the US as a global superpower, says Dalio, author of Principles for Dealing With the Changing World Order” and founder of the world’s largest hedge fund. Does this mean investors should bet on China over the US?

Transcript

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0:00.0

I'm 72 years old, and the America that I remember and grew up with is a different America

0:05.3

than it exists today in terms of like equal opportunity and the American dream.

0:14.1

Hello, and welcome to the G0 World podcast. This is where you'll find extended versions of

0:19.9

my interviews on public television. I'm Ian Bremmer,

0:22.4

and today we examine whether a new world order is in sight. After 40 years of extraordinary

0:30.1

growth, China is on a path to overtake the United States and become the world's largest economy.

0:37.3

Though COVID has made predicting

0:38.6

exactly when that happens, more difficult, current economic indicators point to sometime around

0:44.4

the year 2030 real soon. But does China's rise have to mean America's decline? My guest today

0:51.6

says no empire lasts forever and warns that America's role as a global

0:56.0

superpower is at risk if it can't get its own house in order. I'm speaking with Ray Dalio. He's

1:02.2

founder of the world's largest hedge fund Bridgewater Associates and author of the new book,

1:07.5

Principles for Dealing with the Changing World Order. Let's get to it.

1:15.6

The G0 World podcast is brought to you by our founding sponsor, First Republic. First Republic, a private bank and wealth management company, understands the value of service, safety, and stability

1:29.0

in today's uncertain world. Visit FirstRepublic.com to learn more. G0 World would also like

1:36.6

to share a message from our friends at Foreign Policy. How can sports change the world for the better?

1:42.6

On the long game, a co-production of foreign policy and

1:45.8

Doha debates, hear stories of courage and conviction, both on and off the field, directly from

1:52.4

athletes themselves. Ibtihaj Muhammad, Olympic medalist and global change agent, hosts the

1:59.0

long game. Hear new episodes every week on Apple, Spotify, or wherever you get your podcasts.

2:14.7

Ray Dalio, he's founder of Bridgewater and also author of the latest principles for dealing

2:20.8

with a changing world order. Ray, very good to see you. Good see you, Ian. So it's a big book,

...

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