Ruchir Sharma, a seasoned investor and contributing editor for The Financial Times, shares insights from his book, What Went Wrong with Capitalism. He discusses the crisis of capitalism in America, highlighting the impact of government intervention and bailouts on economic vitality. Sharma analyzes the implications of Trump's legal troubles and his statements on election interference. The podcast also explores the nuanced role of humor in courtrooms, examining when it can lighten tension versus when it can undermine serious legal matters.
01:15:08
forum Ask episode
web_stories AI Snips
view_agenda Chapters
menu_book Books
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Bailout Culture Perils
Government bailouts create a moral hazard, encouraging excessive risk-taking.
The first bailout in 1984 set a precedent, leading to a cascading effect.
insights INSIGHT
1984: A Turning Point
The bailout of Continental Illinois in 1984 broke a long-standing taboo against government intervention.
It also triggered a shift toward increased government involvement in the economy.
question_answer ANECDOTE
Manhattan Condo Story
Preet Bharara bought a Manhattan condo for $180,000 at age 28.
Today, it's worth over $1 million, while entry-level legal salaries have not seen a comparable increase.
Get the Snipd Podcast app to discover more snips from this episode
Ruchir Sharma's "What Went Wrong with Capitalism" examines the detrimental effects of excessive government intervention in the economy. Sharma argues that capitalism wasn't a failure, but rather was undermined by well-intentioned government actions. The book explores how government interventions, from increased spending to excessive regulation, have distorted markets and hindered productivity growth. Sharma uses historical examples and global case studies to support his analysis, offering insights into the insidious consequences of big government. He proposes solutions focused on restoring market efficiency and reducing the burden of state intervention.
Doing Justice
Preet Bharara
In 'Doing Justice', Preet Bharara offers a comprehensive look at the U.S. justice system, highlighting its complexities and the importance of fairness and integrity. The book is structured around four stages of a criminal prosecution: Inquiry, Accusation, Judgment, and Punishment. Bharara uses personal anecdotes and case histories to illustrate the system's realities and challenges, emphasizing the need for truth and humanity in achieving justice.
Ruchir Sharma is a longtime investor and a contributing editor and columnist for The Financial Times, where he writes about global economics, politics, and policy. Ruchir joins Preet to discuss his latest book, What Went Wrong with Capitalism, and what the election will mean for the economy.
Plus, can Trump’s public statements be used against him in court? Why didn’t special counsel Jack Smith request the reassignment of judge Aileen Cannon in Trump’s classified docs case? And, is there a place for humor in the courtroom?
Have a question for Preet? Ask @PreetBharara on Threads, or Twitter with the hashtag #AskPreet. Email us at staytuned@cafe.com, or call 669-247-7338 to leave a voicemail.
Stay Tuned with Preet is brought to you by CAFE and the Vox Media Podcast Network.
Stay Tuned with Preet 
