Economist Fact-Checks Ray Dalio's China's inevitable rise story

Video Description

Compare news coverage. Spot media bias. Avoid algorithms. Be well informed. Download the free Ground News app at https://ground.news/moneymacro LEARN ECONOMICS △ Industrial policy masterclass at: https://school.moneymacro.net/ Check out Dalio's original video here: https://youtu.be/xguam0TKMw8 Check out Dalio's book here: https://amzn.to/3ttnsKg If you appreciate my critical research, consider buying me a 'coffee' at https://ko-fi.com/moneymacro or supporting long-term for membership benefits via: https://www.patreon.com/moneymacro LIKE CHATTING ECON WITH ME? △ Follow me on Twitter: https://twitter.com/joerischasfoort △ Follow me on LinkedIn: https://www.linkedin.com/in/joeri-schasfoort/ △ I have a private Discord server for Senior and Chief economist Patrons / members. Otherwise I sometimes hang out in two Discord servers: △ Unlearning Economics's server: https://discord.com/invite/jy8CNzDsgf △ Capitalists server: https://discord.gg/8MeNJ7gfSR SOURCES: I've linked my sources in the blog: https://www.moneymacro.rocks/2022-11-14-dalio-china/ DATA USED: Private Debt to GDP USA: https://fred.stlouisfed.org/series/QUSPAM770A Private Debt to GDP China: https://fred.stlouisfed.org/series/QCNPAM770A Inequality USA & China: https://data.worldbank.org/indicator/SI.DST.10TH.10 Broad money / GDP: https://data.worldbank.org/indicator/FM.LBL.BMNY.GD.ZS Timestamps: 0:00 - introduction 1:43 - Empire Theory USA 6:27 - Sponsor 7:53 - Empire Theory China 13:17 - Discussion Attribution: I used a clip from this video with old footage of this British Empire: https://www.youtube.com/watch?v=iVSACs0BkUU&t=72s Footage for sea might old empires from: https://youtu.be/j21t1i_SiKI Old USA footage from: https://youtu.be/gk3eVcPiGuE Big thanks to Zohar Ianovici for helping me with the research for this video: https://twitter.com/Zohariano My gratitude to Joram Kok, Oskar Matthey, and Carlo Humpert for feedback on the script. Neon sign from: https://www.neonlights.be/discount/M&M15 Narrated and produced by Dr. Joeri Schasfoort (University of Groningen) Studio designed by Alex Moore Via www.dmsquaredagency.com