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Ruchir Sharma - How Capitalism Went Wrong
Jul 2, 2024
Ruchir Sharma, a leading financial analyst, discusses how capitalism has gone wrong, advocating for less government regulation. Sharma dives into distorted capitalism, diverse perspectives on economic freedom, and evaluating America's economic landscape. He explores potential policy changes, democracy's role in decision-making, and the balance between regulation and economic freedom in various countries, urging Western countries to learn from emerging markets.
01:04:55
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Quick takeaways
- Capitalism has deviated from its original concepts, corrupted by government interventions.
- Rising government bailouts signal increased socialized risk in financial markets.
Deep dives
Capitalism's Distorted Path
The podcast delves into the discussion on how capitalism has deviated from its original concepts, citing examples of distorted capitalism and the rise of socialism. Rishir Sharma highlights the risks of socializing gains and losses, emphasizing the need to address the misconceptions around the current economic system.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode