Ray Dalio – Society Needs These Two Things in Order to Be Successful [video]

Society needs, in order to be successful, good education and an environment where to express its benefits - the two enablers for productivity.

> History has shown that there are only two things a society needs in order to be successful: the first is the ability to provide a good education to most people, that teaches them skills and civility so they can be productive - in other words the development of human capital from the start. This teaching typically comes from parents and teachers, who instill good values and principles to be productive with others. The second is an environment that gives people the resources so that they can be productive. At its best that environment provides financial capital that comes from investors banks and capital markets to invest in those who are capable of being productive. This environment must be a civil place to live work and raise one's families; ideally one in which there are many exciting people doing many exciting things - so that it is a creatively stimulating environment. In other words, having the right people in the right environment that supports productive creativity throughout the life cycle is what it takes

~~ Ray Dalio

(Transcript of the submitted short video, provided for convenience.)

PFFT! Don't get sucked in with this guys nonsense. He is just another calamity caller , no better than chicken little.

History shows?!? Who is history? Up until the 19th century most societies were able to succeed with only a small portion of population being educated. Education of the mass is a relatively new thing and most likely won't be around after the quote Great reset.

The only two things society needs to be successful is bread and circuses! A.k.a. Grain subsidies and presidential elections every four years.