Original Title: The Big Thing: We Are In A World War That Isn’t Going To End Anytime Soon
Original Author: Ray Dalio
Original Compilation: Peggy, BlockBeats
Editor's Note: While the market continues to price in short-term questions like "How long will the conflict last?" and "How high will oil prices go?", this article attempts to pull the perspective back to a longer time scale. Bridgewater Associates founder Ray Dalio believes that the current series of regional conflicts are piecing together into an as-yet unnamed "world-class conflict", whose evolutionary logic is closer to the cyclical stage on the eve of major historical wars.
{"@context":"https://schema.org","@type":"FAQPage","mainEntity":[{"@type":"Question","name":"According to Ray Dalio, what is the most important perspective to understand the current global situation?","acceptedAnswer":{"@type":"Answer","text":"The most important perspective is that we are in the early stages of a world war that will not end soon, and it is part of a larger 'Big Cycle' of structural changes in global order, rather than just focusing on short-term events."}},{"@type":"Question","name":"What does Dalio identify as the key factor in determining which side wins a prolonged conflict, rather than absolute strength?","acceptedAnswer":{"@type":"Answer","text":"The key factor is which side can endure pain and sustain the conflict better, as victory comes not from weakening the enemy but from making them surrender, and the ability to承受痛苦 (endure suffering) is crucial."}},{"@type":"Question","name":"How does Dalio describe the current shift in the world order?","acceptedAnswer":{"@type":"Answer","text":"The world order is shifting from one dominated by the US and its allies with rules-based multilateralism to a state with no single dominant power, where 'might makes right' prevails, resembling pre-1945 historical periods more than the post-war order."}},{"@type":"Question","name":"What are some of the indicators or signals that Dalio uses to track the progression into a conflict phase?","acceptedAnswer":{"@type":"Answer","text":"Indicators include the depletion of military and resource stockpiles, rising fiscal spending, debt, money printing, and capital controls, rival nations learning from each other's strengths and weaknesses through conflicts, and overextended dominant powers facing multiple distant conflicts simultaneously."}},{"@type":"Question","name":"Why does Dalio suggest that China might be less vulnerable in the context of a potential closure of the Strait of Hormuz?","acceptedAnswer":{"@type":"Answer","text":"Because China has a supportive relationship with Iran, likely ensuring oil passage to China; strong ties with Russia for alternative oil supplies; significant other energy sources like coal and solar; large oil reserves (90-120 days); and consumes 80-90% of Iran's oil output, strengthening its leverage."}}]} QAccording to Ray Dalio, what is the most important perspective to understand the current global situation? AThe most important perspective is that we are in the early stages of a world war that will not end soon, and it is part of a larger 'Big Cycle' of structural changes in global order, rather than just focusing on short-term events. QWhat does Dalio identify as the key factor in determining which side wins a prolonged conflict, rather than absolute strength? AThe key factor is which side can endure pain and sustain the conflict better, as victory comes not from weakening the enemy but from making them surrender, and the ability to承受痛苦 (endure suffering) is crucial. QHow does Dalio describe the current shift in the world order? AThe world order is shifting from one dominated by the US and its allies with rules-based multilateralism to a state with no single dominant power, where 'might makes right' prevails, resembling pre-1945 historical periods more than the post-war order. QWhat are some of the indicators or signals that Dalio uses to track the progression into a conflict phase? AIndicators include the depletion of military and resource stockpiles, rising fiscal spending, debt, money printing, and capital controls, rival nations learning from each other's strengths and weaknesses through conflicts, and overextended dominant powers facing multiple distant conflicts simultaneously. QWhy does Dalio suggest that China might be less vulnerable in the context of a potential closure of the Strait of Hormuz? ABecause China has a supportive relationship with Iran, likely ensuring oil passage to China; strong ties with Russia for alternative oil supplies; significant other energy sources like coal and solar; large oil reserves (90-120 days); and consumes 80-90% of Iran's oil output, strengthening its leverage. Welcome to HTX.com! We've made purchasing WAR (WAR) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. 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We offer a user-friendly experience for both beginners and seasoned traders. 1.7k Total ViewsPublished 2024.03.29Updated 2026.03.18Related Questions
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