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
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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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