What went wrong with capitalism

03/07/2024 1h 17min
What went wrong with capitalism

Listen "What went wrong with capitalism"

Episode Synopsis

Contributor(s): Ruchir Sharma | Sharma says progressive youth are partly right and that capitalism has morphed into “socialism for the very rich.” The broader issue, however, is socialised risk for the poor, the middle class and the rich; government is trying to guarantee that no one ever suffers economic pain by borrowing heavily to prevent recessions, extend recoveries, and generate endless growth. The result is rapidly rising debt and declining competition. 

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