Ruchir Sharma on America’s Debt and the Future of Capitalism
Ideas of India
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The Fragility of America's Economic Policy
This chapter explores the shift towards protectionism and industrial policy in the U.S., reflecting on historical economic crises and the impacts of government intervention. It discusses the concept of 'zombie companies' and critiques the bailouts that have become prevalent, drawing comparisons to the economic strategies of China and Taiwan. The speakers advocate for a balanced approach to economic management, warning against excessive regulation and intervention that can lead to increased fragility in the economic system.
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