Part 4/12:
The Spectrum of Global Conflicts
Dalio categorizes major international conflicts into five "kinds," each with escalating severity:
- Trade and Economic Wars
Previous trade conflicts, especially between the U.S. and China, have already complicated global commerce. Tariffs, sanctions, and bans—such as restrictions on Chinese technology companies like Huawei—are just the beginning.
- Technology Wars
Restrictions on technology transfer and digital assets—blocking access to Chinese chip companies and restricting U.S. aid—highlight a technological conflict that could deepen.
- Capital Wars and Geopolitical Struggles
Competition for global influence and control over supply chains are brewing, with Taiwan—a critical chip manufacturing hub—remaining a flashpoint.