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The Prof G Pod with Scott Galloway
What Went Wrong with Capitalism? — with Ruchir Sharma
Jun 20, 2024
35:26
Snipd AI
Ruchir Sharma, Chairman of Rockefeller International, talks about the challenges of government intervention in capitalism, negative impacts on startups, and the need for better regulations. They also discuss Mint Mobile's affordable phone plans, Atlassian software benefits, and analyze government spending trends and economic policies under the Biden administration.
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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.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode