Chairman of Rockefeller Capital and Financial Times columnist Ruchir Sharma joins Gillian Tett to share a capitalist’s guide to capitalism’s many problems – and what we can do to fix them.
What went wrong with capitalism?
Drawing on his decades of experience as a world-leading investor and FT columnist, leading financial analyst Ruchir Sharma offers an insider’s perspective, offering a critique of capitalism unlike any you have heard before.
Progressives are partly right when they mock modern capitalism as “socialism for the rich,” but what really happened in recent decades is that governments in developed nations expanded in just about every measurable dimension, from spending and regulation to the sheer scale of its rescues each time the economy wobbled.
The result, Sharma will explain, is “socialized risk,” expensive government guarantees, for everyone—welfare for the poor, entitlements for the middle class, and bailouts for the rich.
In conversation with Gillian Tett, Sharma will explain how our current system, so distorted by government interventions, is a dysfunctional version of free market ideals. But what can we do about this? The answer Sharma will illuminate is a series of fixes to restore the balance between state support and free markets, laying the path to a more prosperous and happier future.
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