The slowing economic growth is attributed to demographic factors and a significant decline in productivity growth, despite advancements in technology. The presence of 'zombie companies,' which continue to exist without generating enough profits to cover interest payments, is identified as a key factor undermining productivity growth in the economy.
Ruchir Sharma, the Chairman of Rockefeller International and Founder and Chief Investment Officer of Breakout Capital, an investment firm focused on emerging markets, joins Scott to discuss his latest book, “What Went Wrong with Capitalism.” Follow Ruchir on X, @ruchirsharma_1.
Algebra of Happiness: happiness awaits.
Follow our podcast across socials @profgpod:
Learn more about your ad choices. Visit podcastchoices.com/adchoices