Ray Dalio just posted Chapter 6 of Principles for Dealing with the Changing World Order on X, timed to the Munich Security Conference. His framing: the post-1945 world order is dead, we're in Stage 6 of the Big Cycle, great powers operating without rules. German Chancellor Merz, French President Macron, and US Secretary of State Rubio all said the same thing in different languages. Nobody seriously disputes this anymore. All models are false, but some are useful. Dalio's is both useful and pr...