Ray Dalio traces how money and power reinforce each other across history. He argues that those with wealth gain influence over politics, a pattern visible in how royal families, nobility, and the church have always been entangled. The conversation draws from his books on principles and world order.
The following is a conversation with Ray Dalio, his second time on the podcast. He is a legendary investor, founder of Bridgewater Associates, author of a book I highly recommend called Principles and also a new book called Principles for Dealing with a Changing World Order that looks at the geopolitics of today, especially US And China, through the lens of history, providing a fascinating model for the rise and fall of empires. The can be applied to the analysis of our world today. This is the Lex Friedman podcast. To support it, please check out our sponsors in the description and now here's my conversation with Ray Dalio. When you look at the history of the world, as you have done in your new book, Principles of Dealing with the Changing World Order, what is more important, more impactful? Money or.
Power? They go hand in hand, they support each other and they compete with each other. Those who have money have power, a certain type of power. That power has to do with all that they can buy, but it also has the ability to influence those with political power. And so you see this throughout history, this symbiotic relationship, for example, between the royal families, the nobility and the church. So you see that group of people supporting each other in various ways and then wrestling around with each other for the most.
