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Ray Dalio’s Theory of American Decline | Interesting Times with Ross Douthat

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May 7, 2026

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A stalemated war. Fractured alliances. A rival waiting in the wings. It feels to me that we’re having an “end of the American empire” moment. My guest this week, Ray Dalio, is an unlikely prophet of doom — the billionaire Bridgewater investor conquered Wall Street by studying history and mastering global trends. He foresaw the 2008 financial crisis,and these days he’s warning that the U.S. is repeating the patterns that ended great empires of the past.

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Ray DalioWall StreetSuez CanalIs ChinaRay Dalio InvestCan AIThoughts EmailNew York Times

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Ray Dalio’s Theory of American Decline | Interesting Times with Ross Douthat · Interesting Times Nyt · Sentinel