Billionaire Ray Galio He recently sounded the alarm on the future of the United States, warning of a rupture of the world order and the end of the dominant economic role of America. In response, Tesla Inc. (Nasdaq:Tsla) CEO Elon Musk Dalio's main demand challenged – suggesting that China, not the United States, is now the real power of consumption in the world.
What happened: In a post X entitled “It is too late: changes arrive”, warned Dalio that the world change in American economic and geopolitical influence is no longer speculative – it is in progress. “Huge commercial and capital imbalances create unsustainable conditions and major risks of being cut,” he wrote, citing an increasing refrain of global enterprises which plan to reduce dependence on American trade.
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Dalio argued that the United States cannot overconsom indefinitely and rely on foreign loans. “Assuming that we can sell and lend to the United States and be reimbursed with hard dollars (that is to say not devalued) is naive,” he said, calling for “engineering and coordinated implementation” to avoid the disorderly collapse.
Musk quickly rejected one of Dalio's central premises. Tesla CEO wrote: “Correction: China is a much larger consumer of manufactured products than the United States. This year, Chinese consumers will buy more cars than combined America and Europe.”
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Why is it important: Dalio’s warning is based on the idea that the United States is still the main consumer and the debtor at the center of global economic gravity – but Musk data increases this.
If China is now the world's main consumer, the lever effect moves. Dalio considers the United States to be a risk of global non-all of global policies, deterioration of geopolitical confidence and faux pas. He underlines the parallels of history, calling the trajectory of today “the contemporary version of the old history of the way in which the national monetary, political and social geopolitical and international orders change”.
