Is the architecture industry collapse inevitable? Recently, Business of Architecture director Rion Willard watched a YouTube video, Principles for Dealing with the Changing World Order by author and investor Ray Dalio.
Dalio writes, “I believe the world is changing in big ways that haven’t happened before in our lifetimes but have many times in history, so I knew I needed to study past changes to understand what is happening now and help me to anticipate what is likely to happen.”
In the video, Dalio explores what he calls the “Big Cycle” of the rise and decline of nation-states and empires.
The principles that Dalio shares eerily echo the current state of the architectural industry. Listen to this episode to discover how this trend is reflected in the rise and decline of the architectural industry.