How Countries Go Broke: The Big Cycle

Hedge fund manager Ray Dalio is considered one of the greatest investors of all time. How countries Go Broke offers his take on the debt problems weighing down the U.S., Europe, Japan and China — and how to break out of what he calls the “Big Debt Cycle.” He bases his findings on his studies of more than 100 “big debt cycles” in the past century, some of which fueled bubbles and busts, and in some cases, going back 500 years. For Social Capital leaders seeing the effects of the national debt on their organization, this book brings valuable insight, as Dalio connects debt cycles to the factors that preoccupy many leaders: natural disasters, politics, geopolitical tensions and technological change.