WTF is Finance India vs. China vs. US: Who Wins the Next Decade? | WTF is Finance | Ep 1 ft. Ruchir Sharma
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Sep 4, 2025 
This episode features Ruchir Sharma, Chairman of Rockefeller International and an expert in global economics. He argues that America’s peak has passed while discussing India's potential in the evolving world order. Sharma offers insights on how India can learn from Singapore’s growth model and critiques the impact of government bailouts on innovation. The conversation also dives into cryptocurrency's future in India, the necessity of deregulation to foster growth, and the geopolitical dynamics shaping the U.S., China, and India for the next decade.
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Economic Freedom Drives Growth
- Capitalism means maximising economic freedom rather than political control.
- China and Singapore gave more economic freedom than India and thus grew faster.
Welfare Too Early Hurts Growth
- Premature welfare spending can stunt long-term growth by misallocating scarce public funds.
- East Asia prioritized infrastructure over early welfare and then introduced safety nets later.
Mobility Decline Fuels Western Discontent
- Social mobility in Western countries has fallen sharply over 30–40 years and fuels political anger.
- Emerging markets show rising aspirations and incumbents are more likely to win elections there.
