In this episode of Bound to Reading, I summarize Ray Dalio's Principles for Dealing with the Changing World Order, a book that explains what makes empires succeed or fail. This book analyzes the world's three reserve currency empires, the Netherlands, the United Kingdom, and the United States, and analyzes the rise of China. It also contains Dalio's thoughts on the future, Chinese-American relations, and principles that are universally valid. I recommend this book for anyone trying to understand how the world works or how we got to where we are today.