The Prof G Pod with Scott Galloway cover image

The Prof G Pod with Scott Galloway

What Went Wrong with Capitalism? — with Ruchir Sharma

Jun 20, 2024
Ruchir Sharma, Chairman of Rockefeller International and author of "What Went Wrong with Capitalism," joins to dissect the current economic landscape. He critiques the role of government intervention in capitalism, highlighting rising inequality and declining productivity. Sharma challenges assumptions about corporate tax rates, emphasizing the need for reform. He also examines the evolution of economies like India and the implications of immigration policies. The discussion touches on finding happiness amid economic stresses and how life often improves with age.
35:26

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Government intervention hampers productivity growth in economies like America.
  • Regulations favor incumbents and hinder new business startups.

Deep dives

Government Intervention in Economy and Declining Productivity Growth

The podcast discusses the increasing government intervention in economies like America, leading to a decline in productivity growth over decades. Government spending has risen significantly, affecting creativity and productivity. This intervention has led to declining productivity, rising inequality, and discontent with the economic system.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode