Curated Curiosity: Why America's Real Crisis Isn't Money

Legendary investor Ray Dalio reveals the hidden force that could reshape America's future...

Author

Ben Averbook
November 29, 2024 • Estimated Reading Time: 2 minutes

TODAY'S INSIGHT

"Most important thing to change and improve a society is to have an education system that ensures everybody has a bottom in their conditions to be educated and live in a civil environment."

- Ray Dalio

WHAT THEY SAID

  • The global economy is shifting from US dominance to a more fragmented system, with BRICS nations (representing 85% of world population) seeking independence from US control.

  • Technology and AI will create two distinct groups: ~3 million highly successful innovators (half immigrants) and a much larger population at risk of displacement.

  • America's education crisis is creating a devastating cycle: In Connecticut, one of the richest states, 22% of high school students are either dropping out or failing with 25%+ absentee rates.

  • The incoming administration's "America First" policy will likely lead to economic self-sufficiency through tariffs and industrial policy, but may neglect crucial social infrastructure.

  • Productivity per person should be the primary focus, but it must be broad-based - improving general productivity without addressing displaced workers creates societal instability.

WHY IT MATTERS

The US is at a critical inflection point where economic efficiency and technological advancement must be balanced against social cohesion and broad-based opportunity. How we handle education and workforce displacement will determine whether we face a renaissance or rebellion.

MY TAKES

Ray is a multi-billionaire who has studied 500 years of history to uncover the patterns that drive world economies.

I previously wrote a detailed thread summarizing his book:

As always, I am so grateful for you reading this.

I will see you tomorrow.

Ben Averbook

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