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Ruchir Sharma on America’s Debt and the Future of Capitalism

Ideas of India

CHAPTER

Navigating Fiscal Challenges and Historical Lessons

This chapter explores potential alternatives for managing fiscal crises, emphasizing the roles of democratic processes, cultural shifts, and technological advancements. The discussion highlights the historical tendency for meaningful reform to occur only in times of financial distress and critiques current economic policies amidst public dissatisfaction.

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