Is capitalism broken? A growing number of Americans think so amid declining social mobility and rising inequality. According to investor Ruchir Sharma, author of What Went Wrong With Capitalism,* *the United States has gone on a decades-long debt binge, with too many regulations and a culture of bailouts, which he says has weakened dynamism in the economy—and capitalism itself. Sharma joins FP Live to discuss potential solutions and lessons from around the world.
Suggested reading:
Ravi Agrawal: Capitalism Is Broken. Here’s How to Fix It.)
Cameron Abadi: Adam Tooze: What Is ESG Investing and Why the Sudden Backlash?)
Ashley Lester: Why Is Adam Smith Still So Popular?)
Adam Tooze: The Hidden History of the World’s Top Offshore Cryptocurrency Tax Haven)
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