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

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:    • Principles for Dealing with the Changing W...  
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:   / moneymacro  

LIKE CHATTING ECON WITH ME?
△ Follow me on Twitter:   / joerischasfoort  
△ Follow me on LinkedIn:   / 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:   / discord  
△ Capitalists server:   / discord  

SOURCES:
I've linked my sources in the blog: https://www.moneymacro.rocks/2022-11-...

DATA USED:
Private Debt to GDP USA: https://fred.stlouisfed.org/series/QU...
Private Debt to GDP China: https://fred.stlouisfed.org/series/QC...
Inequality USA & China: https://data.worldbank.org/indicator/...
Broad money / GDP: https://data.worldbank.org/indicator/...

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:    • Tribute To The British Empire  
Footage for sea might old empires from:    • MICHIEL DE RUYTER trailer  
Old USA footage from:    • Los Angeles early 50's,60's in color, Free...  

Big thanks to Zohar Ianovici for helping me with the research for this video:   / 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