I certainly respect Ray Dalio’s success as an investor, hedge fund manager, and author. In his article, he includes references from a “wise and high-ranking Chinese official” that compares and contrast the cultural, political and economic differences between the U.S. and China.
The best-kept secret in America is that our system was designed to be continuously improved in pursuit of “a more perfect Union.” What the design has lacked is a method or operating system that we can “individually” and “collectively” apply in taking action that results in outcomes where everyone benefits or at least, are not any worse off in the long-term. This “operating system” or paradigm, was discovered by Walther Shewhart and further developed by W. Edwards Deming. How China reacts if and when we start to leverage the capability of this new operating system will be interesting to watch.