WHAT WENT WRONG WITH CAPITALISM by Ruchir Sharma (epub)(Nonfictio...

What Went Wrong with Capitalism by Ruchir Sharma (ePub) (Nonfiction)
Author: Ruchir Sharma
Publication Date: June 11, 2024
Length: 384 pages
Genre: Nonfiction, Economics, Political Economy

What Went Wrong with Capitalism explores the disillusionment with modern capitalism, arguing that its failings are largely due to an expanded role of government in advanced economies, which has distorted free-market ideals into what Sharma terms “socialized risk.” The book examines how increased spending, regulation, and bailouts have inflated government influence, slowing productivity and economic growth, shrinking opportunities, and fueling popular anger. Contrary to the pervasive narrative that markets are undermined by too little government, Sharma contends that government overreach has created a dysfunctional version of capitalism, favoring welfare, entitlements, and rescues for all classes but reducing dynamism and competition. He proposes a series of seven fixes aimed at rebalancing government support with market incentives to restore prosperity and societal well-being.