The Distortion of Capitalism

Capitalism has encountered significant distortions, leading to questions about its viability and effectiveness. Ruchir Sharma attributes the current issues to excessive governmental spending and reliance on debt, as well as central banks' interventions that have inflated financial markets. He points out that this situation stands in stark contrast to earlier periods when capitalism thrived and promoted widespread prosperity. This perspective highlights a growing skepticism about capitalism, particularly among younger generations who may prefer socialism over an economic system that seems to benefit only a select few.