The writer is the founder of Bridgewater Associates and chair of the Dalio Family Office
I spent a month in Asia earlier this year meeting senior policymakers in China and elsewhere. I came away with the sense that a major shift in the world order is taking place for two reasons.
First, America’s handling of Iran’s seizure of the Strait of Hormuz has led to widespread doubts among Asian leaders about Washington’s willingness to endure the discomforts of fighting wars, especially on two or more fronts simultaneously.
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