The former Dutch Empire teaches us a lot about the importance of capitalism in driving long-term success through the development of productive entrepreneurs.
The Dutch became a leading empire by being open to the best thinking in the world. They became so inventive that they were responsible for 25% of all the major inventions in the world — including ships that could travel and collect great riches, and the invention of capitalism as we know it today to finance those voyages.
This virtuous cycle leads to strong income growth, which can be used to finance investments in education, infrastructure, research, and development. Over time, that helps its citizens become more productive and more competitive than their peers.
#principles #raydalio #history #capitalism
They are now 3D printing a 12 meter boat in one piece with robots, no mold and no extra cost, so what once needed a full shipyard can now be done with a giant printer 🚢
@RayDalio mapped out how empires rise and fall.
The U.S. is, according to him, deep into decline.
But how do you hedge against an empire?
🧵 A thread on the Big Cycle, Bitcoin, and belief.
There was great energy, discussion, and connection at NetDevOps Days NYC. Read the blog from @mrmrcoleman for a look back at this incredible event. https://t.co/RTyuVGsGwi
Big news 🚀
The date is finalized and early bird tickets are now on sale for NetDevOps Days NYC on October 26th 🔥
Grab your tickets, become a speaker or sponsor and find links to NetDevOps Days London videos and more here: https://t.co/lACPpghH0K