Ray Dalio does not want the USA to win the semiconductor race against China!

Ray Dalio argued that the Western push to limit China’s access to semiconductor technology is part of a wider fight for global hegemony. 

“The winner of a technology war is going to be the winner of this global world order war,” he said.

And apparently, Dalio does not want the USA to win this war!

Becuase he said the West’s push to block China from accessing microchips is “very, very similar” to the policy the U.S. took towards Japan in the 1940s that is widely credited with escalating the Second World War. 

The U.S. embargo on Japan, which was first brought into force on Aug. 1 1941, is widely understood to have heightened tensions between the two countries and acted as a prelude to the Japanese empire’s attack on Pearl Harbor in December of that year.

This post is based on the following article

https://www.marketwatch.com/story/ray-dalio-likens-u-s-restrictions-on-china-tech-exports-to-embargo-before-pearl-harbor-5d686f7f