He says China, Russia, Iran, North Korea and Cuba are broadly opposed to a bloc led by the United States and its allies including European countries, Israel, Japan and Australia. Dalio compared the current moment to the periods just before the First and Second World Wars, stressing that wars rarely begin with a single defining event. Dalio pointed to the country's global military footprint, with '750-800 military bases in 70-80 countries,' as evidence of overextension. The outcome of the US-Iran conflict, he said, will influence decisions by leaders around the world, potentially reshaping the global order. Sir Richard continued: 'The world order has changed from a multilateral rules-based world order led by the dominant US power and its allies to a might-is-right world order with no single dominant power enforcing order.'

Source: Daily Mail April 11, 2026 15:17 UTC