> like an artifact that was created to convince the reader than China will be the new superpower and soon From the interview between Larry Summers and Ray Dali

> like an artifact that was created to convince the reader than China will be the new superpower and soon From the interview between Larry Summers and Ray Dalio, March 2022: > Summers: I think the great American gift, Ray, is the capacity for self-denying prophecy of doom. That if you look at American history, whether it’s what people thought the Cold War was over and Japan had won, whether it’s the missile gap, whether it’s the worries about our democracy during the McCarthyist period, whether it’s the people who say Franklin Roosevelt should have become a dictator at the beginning of the Depression because that was the only way we’d get out of the Depression, whether it was Patrick Henry who said in 1792 that the spirit of the Revolution had been lost. We have these jeremiads of doom and fear, and that is what is the catalyst to change and repair that makes us resilient. And the moment I will worry most for our future is when we become complacent and serene. And as long as there are people like you, Ray, who signal the need for alarm, as long as we have that capacity to become alarmed, I think we will make our way through. But it will not be easy, and we are financially, in terms of polarization and in terms of the international order, in a very challenging place right now. // Dalio: We agree completely. If we have it in us, we’ll be fine. https://www.politico.com/news/magazine/2022/03/14/larry-summers-ray-dalio-inflation-economy-china-00014844 https://www.politico.com/news/magazine/2022/03/14/larry-summ...