Americans Distrusting Capitalism!! | Lessons For India?? | Deshbhakt Conversation With Ruchir Sharma

[@thedeshbhakt]

Hi Deshbhakt Family! - with our small team, making episodes AND doing long format interviews is TOUGH! But love doing these solid interviews - please let me know who else would you like to listen to - someone who can add value / perspective / maybe some fun too!

[@vasanthihariharan7384]

Mr.Parkala Prabhakar

[@vasanthihariharan7384]

@@thedeshbhakt Sucheta Dalal

[@vasanthihariharan7384]

Sucheta Dalal

[@tubelz]

@@thedeshbhakt I highly recommend the economist Karthik Muralidharan. The most optimistic man. A truly great Indian. A man who I believe is underappreciated. Whenever I'm in a pessimistic mood about India I listen to or read Karthik. Along with Karthik two other economists who should be household names are Shruti Rajagopalan and Ajay Shah. They are both brilliant, passionate and filled with so much insight on the Indian state. Besides the economy it would great to have guests who discuss urban planning, Bimal Patel or Reuben Abraham. Thanks for all the hard work Team Deshbakt. You guys are truly the fifth estate

[@wheeloftime2908]

I have amazinG american friends on X. As an Indian who supports a mixed hybrid model ,i am STUNNED at how ignorant Indians r abt the reality of the US and it is scary that India is going down the same route. Millions of American middle,working class people WORK two jobs to pay off college fees. THAT'S RIGHT .TWO .THEY R EXHAUSTED OF WORKING TO THE BONE .Tens of thousands of Americans DONT GO TO COLLEGE EVERY YEAR COS COLLEGE IS NOT AFFORDABLE. American workers R HIGHLY underpaid AND THREATENED IF THEY WANT TO FORM A UNION .. Healthcare is EVEN WORSE. ITS AN NIGHTMARE .HOMELESSNESS STATS .PLEASE GO AND LOOK AT HOMELESSNESS STATS.

[@amolwagle1]

Capitalism must be pro competition and not pro capitalists. Beautiful line.

[@dialecticaldiscourse]

And who will take care of it? State right? How will it do that? By regulations? But his whole point these regulatory authorities are a bottle neck! See the paradox

[@delerium360]

Regulation of competition and sufficient redistribution of wealth by outlawing repatriation of wealth to tax havens. What we have today are bailouts. So the government first deregulated monopoly profits of entrenched oligarchs and then also bails them out if they screw up. Governments need to intervene on the behalf of the deprived,not the depraved.

[@delerium360]

We need what was essentially termed a demagogue by Plato: someone part of the political - rentier - oligarch nexus who slashes through this nexus despite their own best interest in its continuity. The only reward is the ability to reduce inequality through continued popular vote.

[@ajinkyakamate421]

For that you first need to remove the state/government or drastically reduce its power to regulate the markets. Government or state itself is anti-competitive organization because a State (country or nation state eg india USA etc) by definition and reality is an organization that has MONOPOLY on violence(police, military, judiciary, law making, money creation, at minimum and many more like in case of india). So an organization that itself is an monopoly and hates competition can never regulate the free market. If they try to regulate the free market, it always fails and leads to monopoly in private sector, like it happened with telecom sector, 3 telecom companies have a legal government approved monopoly in that sector. Like our current courts have monopoly over justice. You are legally forced to use government courts to first get justice and then enforce the rulling. Courts having monopoly is one of the reason it is so slow and so arrogant and doesnt care about common citizens. Same with police, they have monopoly on protection, doesnt matter if its individual state police or CBI or ED or any force, they have monopoly. You have to go to them only to if you are a victim to crime. And because we dont have any other option, police act the way they do with common people.

[@johndonnelly1376]

Why is there no competition in the Oil sector? Or even Pharmaceuticals? They are Cartels. Ruchir is not reading things between the lines, only theories. Cartelisation is everywhere, even in Indian markets. A trader cannot sell his stuff for very cheap, his shop will be thrashed. The bedrock of Capitalism is one single thing - Bankruptcy clause. A limited company is not liable to the shareholders once declared bankrupt.

[@pardeeptandon]

India needs Administrative reforms rather than economic reforms. We are still administered by the same bureaucratic structure that the Brits used to make India a pauper state.

[@AryanKumar-fz2dm]

True. That is also important. Probably even more important.

[@shatrohanlal7916]

Right 🎉

[@Rahullllllllll]

Right we're following same path same law's copied constitution But they (brits and Europe , usa) are now Updated but we're still in 90's 🙂

[@FAILINGCOUNTRYINDIA]

AS AN INDIAN, SORRY FOR OUR EXPIRED CURRY SCENTED BO 😭 WE ARE WORKING HARD TO SHOWER EVERYDAY AND USE DEODORANT ❤️❤️❤❤❤

[@donalduncleusa6552]

Huh😂 Bharat bandh was against it dude for introducing lateral entry

[@narayandesai3634]

Thanks

[@CynicAtheist]

Indians see govt as mummy and papa

[@sarasumayya3839]

For a large majority they are ma n pa

[@FAILINGCOUNTRYINDIA]

AS AN INDIAN, SORRY FOR OUR EXPIRED CURRY SCENTED BO 😭 WE ARE WORKING HARD TO SHOWER EVERYDAY AND USE DEODORANT ❤️❤️❤❤❤❤

[@offred6013]

Muricans see their govt as motherfuckers

[@tarunpratap8618]

Now more like step mom and step dad.

[@poorchef1895]

​@@FAILINGCOUNTRYINDIA come on paid troll😂 . On what part of the earth you are living where you can't access Internet. I don't know where you come up with this theory that Indians don't take bath. 😂 If you are Pakistani, you shouldn't even be saying that😅.

[@suvarnasjoshi]

While defining capitalism one major point that got missed out is the profit making. Capitalism is for profit and never promised welfare for all. It promotes competition & meritocracy which will themselves defeat the equal opportunities for growth. The failures of political institutions cannot be redeemed by the dreams of idealistic capitalism.

[@winter_silhouette]

Absolute revision of history! Adam Smith categorically said that the the individual's need to fulfill self interest results in the benefit of society or public good. Friedrich Hayek said that free market capitalism encourages creativity and innovation which are necessary for societal welfare and prosperity. During the 60s, politicians like JFK used to say "a rising tide lifts all boats" which was to convey that the benefits of free market capitalism benefits everyone. It was only after Milton Friedman published his infamous doctrine in the 70s, that people started to redefine capitalism as only a profit maximising venture. Before that everyone was out to prove that capitalism was necessary for the welfare of the society.

[@nationalist7347]

😂😂 so you are against Competition and merit now😂😂😂

[@suvarnasjoshi]

@@winter_silhouette Thank you for the history reminder. Although, theories are often challenged by the realities on the ground. The current stage at which capitalism has reached, it’s difficult to deny the realities of relentless profit making.

[@suvarnasjoshi]

@@nationalist7347 The case in point is not the competition or meritocracy. It’s about the crucial role political and social structures play in shaping economy and creating equal opportunities. Their systemic failures in a country like India cannot be repaired by just better capitalism!

[@PrajwalDSouza]

@@nationalist7347 It's about understanding the balance between capitalism and socialism. India will destroy itself if it moves aggressively on capitalism, just like America and Dubai.

[@aritragupta4182]

*Wow-Ruchir Sharma Is On A Roll!!!* Today only read his quote on Economic Times saying "stock markets don't affect vast majority of people", "young people have smartphones, not jobs" etc And now this...

[@adwaitvedant3297]

1971 surrender Pakistan photo !! Remember ???​@UmarAkmal_96_Official

[@Pikachu-m5l]

​@UmarAkmal_96_Official Pakistani bot😂 cry more

[@unknownx983]

13 year old brainwashed saying about maturity​@UmarAkmal_96_Official

[@kp7557]

He is here for his book promotion

[@sectumsemparium]

bro he dosent even know definition of capitalism

[@drsaratj1189]

Thanks!

[@mohammedmurtaza3257]

Ruchir is highly educated, holding high level position, has forgoten the basics, John Maynard Keynes expressed concerns about the growing influence and power of corporations, particularly in the context of economic control and decision-making. He believed that large corporations, driven primarily by profit motives, could undermine the broader public interest. Keynes feared that unchecked corporate power could lead to economic instability, social inequality, and a concentration of wealth and decision-making in the hands of a few, rather than serving the collective needs of society. He advocated for government intervention to regulate and balance the influence of corporations, ensuring that economic activities align with the overall well-being of the economy and society. Keynes argued that without such oversight, corporations could dominate markets, stifle competition, and prioritize short-term gains over long-term economic stability and social welfare.

[@TheBoujiman]

@@mohammedmurtaza3257 Maynard Keynes was an idealist. Imagine thinking that the government, which is just a bunch of opportunistic people themselves, would want to use the power of government to go against moneyed interests, that helped elect them in the first place. In fact, quite the opposite is true (which is both logical and evident from today's democratic systems).

[@anamay01]

@@TheBoujiman What makes you think that capitalists are not opportunistic people? Without any regulation, any strong capitalist (or a bunch of them) would use their money to get the opportunistic people in the government and then hack the whole system. The only way to deal with this is to *prevent* it by having regulations against a few capitalists capturing all of the market. Remember that most of the colonialism was driven by unregulated capitalists. It is just that now the greed of these capitalists has started attacking even those in the developed countries, somewhat aided by the global morality evolving.

[@ByzantineCapitalManagement]

Keynesiansim died in the 1970s there is a reason for it. 😂

[@TheBoujiman]

@@ByzantineCapitalManagement Totally. Sucks that its still taught as the mainstream ideology in economic schools. Economics effectively stopped being a science after Keynes was allowed to take over and talk about "animal sprits that move the market". Sure buddy, people are animals.

[@CosmicValkyrie]

​​@@TheBoujimanoh so what about the capitalist companies which make bad decisions and then beg the government to bail them out with tax payer money? Why do I not see enough people demanding the companies go bankrupt if they're bad?

[@Aparajita-nn]

A guy managing the wealth of millionaires, and probably a millonaire himself will ofcourse defend capitalism. Ask the millions of drought affected farmers in India who are loosing everything to the current climate conditions and the debt from purchasing coorporate fertilizers and seed. I doubt they will be these ardent fan of " capitalism".

[@AryanKumar-fz2dm]

Interesting point. In this case, I can say that ease how and where a farmer can sell his/her crop, and then see what wonders they do.

[@abhinandanmahajan4672]

We were against farm reforms.. remember😮

[@netaji-thebritishslayer]

@@abhinandanmahajan4672 only farmers of punjab and haryna

[@AryanKumar-fz2dm]

@@abhinandanmahajan4672 Farm Reforms did try to address some issues. But it was not done in a fair manner and with a fair intent.

[@User-mncbjlfjrebxkl]

you are typing on a product delivered because of capitalism on a platform from capitalist America called KZbin that is capitalistic in nature from a youtube channel that runs on capitalistic values

[@SanghoBose5]

I did not know who Ruchir Sharma was before this interview, and now I am a fan. This is the best, well-balanced interview I have heard in a very long time. Thanks, Deshbhakt.

[@karate2252]

Same

[@uttamsinha1407]

An insightful session. Thanks

[@navinfernandes747]

I have been hearing ruchir Sharma for over 2 decades.. I like the way he simply explains what he sees in different countries and documents them so well..

[@Shankara369]

We were forced to listen to the garbage of stained swami as well,

[@krishnadwivedi3880]

man what gem of a conversation is going here in comments section, would love to see more such content.

[@hirenmehta9371]

The US/UK/EU have been more socialist (generous) with their populations post WW 2 than places like India. Those peoples enjoyed more protections, regulations, and safety nets. The key is to practice capitalism outside the country and socialism inside the country, which these countries have become efficient at doing. Colonialism, military-industrial ventures, control over organizations such as the UN, World Bank, IMF, having dollar/pound as global currencies ensured low interest rates, access to resources and energy, and cheaper goods in those countries. Relocating polluting factories and industries, mining, manufacturing, drilling, extraction etc. to developing and underdeveloped countries ensures the first world citizens enjoy clean air and water while still having access to resources sourced from elsewhere. On the contrary, India post-independence has been socialist only in name as most Indians were subjected to Darwin's survival of the fittest and left to fend for themselves.

[@Kalinga_3]

Bullshit

[@Kalinga_3]

The regulations in India are still protective and massive

[@hirenmehta9371]

@@Kalinga_3 That's what I wrote - those ideals, laws and protections exist only on paper. There is a big difference between what is envisioned and what happens in practice.

[@morningstararun6278]

@@Kalinga_3 No buddy. India has almost no regulations and whatever it has on paper, it is not extended to reality. India is an ultra-Capitalist hellhole. You think US, UK and other rich countries practice free market when they were developing? No they did not. US and UK were the most protectionist and high tariff countries in the world in the 19th century. They protected their infant industries by not opening them to completion until the govt knew that their industries are technologically advanced than their competitors. They had state owned enterprises to gain more revenue for the govt treasury and channel that money into funding new technologies. Ask yourself this. If complete privatization works more successful why did NASA, a state owned company was established before SpaceX? The billionaires and KZbin propagandists would fool you that tech development happened in private companies, which isn't true at all. Almost all the major tech breakthroughs the world has seen in the 20th century, came from the state owned enterprises. Did you know that India almost had a strong chip manufacturing environment in the 80s? Indira Gandhi built chip fabs in the 80s itself to make India self-sufficient in chip production. But where is India's role in chip production today? LPG reforms have actually destroyed so many indigenous developments that were about to happen, but it have the illusion that people's living standards were improving so fast, by giving access to foreign brands. Just take a good look at India's infrastructure 30 years ago, and compare it to today. Do you really see any radical development in infra in the last 30 years, except in very few major cities? In the same 30 years, China had built a small fishing town of Shenzhen to one of the best cities in the world. How did that happen? Socialism and Central economic planning. Yes, China opened itself to foreign business, but it did so under the guidance of the Communist Party and didn't liberalize or privatize completely like India did. Indians are being fooled 24/7 365 days that India is rapidly developing as a result of opening up. The truth is that, India traded developing its own technology, and expertise to simply buy the foreign brands. That is the reason why India, despite poor 40 years ago, was able to enter the chip production boldly, but today it is next to impossible. When you trade sovereignty for global brands, it won't last long and would soon bite you in the back.

[@ShubhankarDev-q5g]

This is the best reply on this topic this far that I have ever read . Absolutely amazing answer.

[@তাৰ্কিকঅসমীয়া-ধ২ল]

What I felt that Mr. Ruchir Sharma is expecting an idealist form of capitalism which can not be as it evolves because of its inherent nature of accumulative nature in its advance form taking shape of crony capitalism. These are structural problems within the capitalist economy and just simple government regulation cannot do away with it. Today whether it's Europe or the US ....they are not finding any viable solution to deal with it hence there are lots of political instability and anti-incumbancy factors coming into play. Marx was right when he said ...Capitalism digs its own grave. Currently the symptoms are on display. The moment developing countries will be self reliant and will stop the draining out its own resources to the west..both US & Europe will collapse.

[@random_person_on_internet]

Don't worry Before it happens they will attack other countries again and make those countries their colony to sustain their capitalist economy😂 Just what they did with middle east😅 They won't accept their defeat

[@Wahid_4770]

Rational economic calculation under socialism is impossible. The problem of REC is the problem of socialism; to prove that REC is impossible under socialism is to prove that socialism is impractical! Everything brought forward in favor of socialism during the last 100 years in thousands of writings and speeches, all the blood which has been spilled by the supporters of socialism cannot make socialism workable. Socialism is not in the least what it pretends to be. It's not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build, it destroys. For destruction is the essence of it. It only consumes what the social order based on private ownership of the means of production has created. The only way we know what ought to be done in markets is because we have this continuous market process of competition, where entrepreneurs are in a continuous state of rivalry against one another, trying to outdo one another by doing something better, by appealing to their customers more effectively. IF YOU DO NOT HAVE THE POSSIBILITY OF PRIVATE OWNERSHIP OF CAPITAL, IT IS IMPOSSIBLE TO HAVE LIBERTY. It has long been recognized that a people averse the institution of private property IS WITHOUT THE FIRST ELEMENT OF FREEDOM. Mises & Hayek were right...

[@Wahid_4770]

Btw, Marx was an IDEOBABBLE not an IDEOLOGUE, was a HEGELIAN, not an ECONOMIST his PhD. is the sole proof of his GIBBRISH. Marxist dialectical materialism was his subconscious battle. He wants others to pay for him, never got a job in his entire life and that's very COMMON IN ALL THE SOCIALISTs!😂

[@তাৰ্কিকঅসমীয়া-ধ২ল]

@@Wahid_4770 What we have seen is the advance form of capitalism but we are yet to see how the system of socialism evolves in next hundred years or so. Socialism has a very short history in comparison to the history of capitalism. Any socialist country has not yet been able to work very freely to realise it's full potential as most of the energy goes into safeguarding the state from the onslaught of the US or its allies. This has made the state also very powerful against the actual visualisation of socialist economic models which is very decentralised and localised in nature. These models need a lot of fine tuning and more experimentation to solve the issues of collective responsibility and individual incentivisation. What we have seen till that is state Capitalism instead of actual socialism. But in reality the state should be less powerful and society and individuals should feel more empowered and enlightened under a socialist system. In the advanced stage of socialism when it moves towards communism it has been visualised that the state will cease to exist one day but today we will call it a utopian idea. We may not live that long to see it but eventually it will happen some day.

[@Wahid_4770]

@@তাৰ্কিকঅসমীয়া-ধ২ল Thank you for your reply🙏🙏🙏. Mujhe laga nahi tha aap reply denge ya nahi! From the very beginnings of the socialist movement and the endeavors to revive the interventionist policies of the precapitalistic ages, both socialism and interventionism were utterly discredited in the eyes of those conversant with economic theory. One may wonder whether Sir William Harcourt was right when, more than sixty years ago, he proclaimed: Weare all socialists now. But today governments, political parties, teachers and writers, militant antitheists as well as theologians are almost unanimous in passionately rejecting the market economy and praising the alleged benefits of state omnipotence. The rising generation is brought up in an environment that is engrossed in socialist ideas.However, people do not ask for socialism because they know that socialism will improve their conditions, and they do not reject capitalism because they know that it is a system prejudicial to their interests. They pretend to trust only in experience. But they no less stubbornly refuse to take cognizance of the undeniable facts of experience, viz., that the common man's standard of living is incomparably higher in capitalistic American than in the socialist paradise of the Soviets. The doctrines of Marx received approval simply because they adopted this popular interpretation of events and clothed it with a pseudophilosophical veil that made it gratifying both to Hegelian spiritualism and to crude materialism. In the scheme of Marx the "material productive forces" are a superhuman entity independent of the will and the actions of men. They go their own way that is prescribed by the inscrutable and inevitable laws of a higher power. The essential content of history is the struggle of the material productive forces to be freed from the social bonds by which they are fettered.

[@rohanagarwal6848]

42:55 irony ho rahi hai ji .When government tried one of the biggest reform which India needed in agriculture was down turned by the ecosystem of Akash and company where government had to backout same economic reforms Congress were about to bring when Sharad Pawar was Agriculture minister

[@monishreddy3247]

Insightful conversation👏👏👏

[@aakashPotter]

Your channel has gone to a new level due to Ruchir Sharma's interview

[@AnkitG12]

What a conversation. Much needed.

[@ABHISHEK.MOHALWAR]

thank you both of you, the guest for his insights and deshbhakt for pulling such a nice interview

[@gurbachansingh_macrofinance]

Very good conversation, thanks

[@chaitanyapatil1717]

News channel ❌ Deshbhakt ☑️

[@HGNAH0]

​@UmarAkmal_96_Official 😅 satak gayi kya

[@TheChronicle_edit]

​​@UmarAkmal_96_Official Aatta mila ki nahi??

[@wallysquash3361]

The whole video was about improving capitalism not exposing it, cant believe akash has fallen to clickbait now. I expected them to discuss an alternative and how capitalism is harming India but they didnt

[@Hidaydevt-k9z]

Abey chal na bjp it cell wale ​@UmarAkmal_96_Official

[@Mitu_a1x]

​@UmarAkmal_96_Officialisko ata dedo koi😂 online payment mein kardunga😂😂

[@scariachenmannanal309]

Well analysed

[@vinaygupta5831]

Capitalism is ' addictive' leads to power and control - over, power- that-be surruptitially leading to crony- capitalism; very difficult to control leading to massive exploitations . A balance is needed .

[@JumgeSora]

Very informative & helpful smh 🤝

[@footloosegoose7463]

We are neither a capitalist state or a democracy at the moment. We are a Oligarchy.

[@jackiecooper9439]

Das ist Kapitalismus

[@THETRIVIALTHINGS]

Nope. india is an autocracy run by plutocrats.

[@PARKARG]

Yes oligarchy is right word.. Crony is soft word at present india situation

[@YMTStudioX]

@@jackiecooper9439 Nein, Das ist Broken Kapitalismus

[@ashneel]

A dictatorship..

[@gayathrirajesh1327]

Very Informative video… learned a lot from his analysis..Thanks Mr.Ruchir

[@tanjinaHoqrini]

Love and respect from Bangladesh ❤

[@NavdeepSingh-vy2ps]

Good to see interview like this.

[@sbaskaran7638]

Interviewer is forcing Ruchir to accept that violence is imminent as in Bangladesh while Ruchir is focusing more on ease of doing business from legal and regulatory aspects.

[@deepaklad7979]

Very educative video 🙏

[@Jattforce24X]

Need more interviews like this 🔥🔥🔥

[@ashishpatil9774]

its just 5 mins through the interview and this guy already inspired me enough...

[@Jay_Dube]

38:44 - Agarbatti Hits Very Hard 😶

[@onkarsawantbhosle3146]

Listening to Ruchir is always fun for me. He's one of the few voices I don't completely align with, yet loves to hear his views. Good interview this.

[@realheckertrustmebro]

There's a great book called the Lessons of History by Will and Ariel Durant. It has a chapter on 'Government' where they show how socialism and capitalism repeats in cycles. Capitalism is turned into socialism when there's a huge difference in inequality because the majority would support going against the wealthy minority and extreme socialism would be turned into capitalism when the competent minority don't get the rewards they deserve for their work. The goal shouldn't be complete equality or complete inequality, but to balance out the two by let the deserving people get rich while the majority be able to survive and not get devastated.

[@TheBoujiman]

That thesis leaves out a huge component of governance - mainly monopoly on violence. You can never have pure capitalism where there is a government that can make laws to tax/spend without impunity and consequences. That's why capitalism quickly devolves into corporatism/elitism and from there on dodders-on for decades until the people are fed up and introduce socialism through revolution, which concentrates even more power in the hands of the government. The only solution is to have a weak central government that cannot tax people and a system of money where the central government cannot continue printing more and tax people via the indirect means of inflation.

[@realheckertrustmebro]

@@TheBoujiman There's no power left when it is divided. That solution would do more harm than good.

[@screech5360]

@@TheBoujiman 1. What you are suggesting is moving "monopoly of violence" from the elected & removable government, to unregulated corporates. 2. D'you think monopolies are only formed because of government protection and lack of regulation will not increase cartels? I believe you need to study more economics and history. Anti-trust laws exist for a reason, they were implemented AFTER monopolies formed. 3. In the absence of a central governing body, So who provides social services? Or are we ok with feudalism? All respectable economists agree that this kind of obstruction-free market doesn't work.

[@TheBoujiman]

@@screech5360 First of all, respectability is subjective. A plaque from a certain university and appreciation from people of your own class doesn't mean your views are universal. They can be important within the context of being useful to the ruling class, but other than that, have little bearing in terms of mass consensus or even real world validity. Moving on, when you say monopoly of unregulated corporates - you're uttering an oxymoron. Corporates (plural) with ability to manage violence are by definition not a monopoly in the market, if a number of them exist. Secondarily, cartels are an extensively studied topic. Economists and historians have not been able to find a single cartel that was not either propped by the government, or did not use violence to do so. Popular examples would be the railroads and steel mills. Extreme market competition ensures cartels break down to stay individually profitable. Thirdly, social services are nothing but government mandated and run charities. It's a true propaganda exercise to invent an entirely new euphesim to refer to an existing category of "services" which have long existed before even the modern government system was invented. All services require money and labor, both of which can be provided to people in their time of need. The over dependence on these "social services" moreover emboldens people to take lesser accountability and control of their own lives, as they start believing they are entitled to this help. A charity is meant to support people in their times of need, but should also reflect the fact that such support is both conditional and most likely short-term.

[@RajKumar-yc1qx]

Desires at each level differ, no capping to Desires of Old to New, King to Public, Tree to Branch & Leaves 🪔💯🪂🏋‍♂️🏋‍♀️💕💯😅

[@shivitiwari3719]

Bring more such ep plz.. It is very interesting and knowledgeable.. Loved it

[@Rajatwhiteline]

Most unbiased channel regarding Indian Politics ❤

[@patriocticIndian]

Excellent Interview. Thanks!

[@prasannakumaraikara9792]

DESH BHAKTHS HAS TO BE DESH BHAKTHS @ ALL TIMES FOR INDIA....! 🇮🇳💙🙏 🇮🇳 JAI HINDUSTHAAN...! 🇮🇳 JAI MAHABHARATHAM...! 🙏

[@Namcy-n4u]

Neither capitalism nor socialism, there must be a balance between the two.

[@FAILINGCOUNTRYINDIA]

AS AN INDIAN, SORRY FOR OUR EXPIRED CURRY SCENTED BO 😭 WE ARE WORKING HARD TO SHOWER EVERYDAY AND USE DEODORANT ❤️❤️❤❤❤

[@CynicAtheist]

@@Namcy-n4u that's so 1990s

[@donalduncleusa6552]

There cannot be a balance rather their should be different countries inside India

[@Xcvbn3355]

That will breed crony capitalism and Adani will benefit.

[@shreyyadav8809]

Strongly agree! I have same opinion.

[@Dr.PrashantRai-n7j]

One of the best interviews.,.. Thankyou

[@Arnavsobtii1935]

Just remember this podcast is through a vision and thinking of an investor not a person who do 9-5

[@sultanmirza182]

shouldn't he have brought someone who represents the poor people?

[@NutBuster99]

@@sultanmirza182 yes. me.

[@genericfaceless]

​@@sultanmirza182yeh Banerjee debate kabhi nai karega. He will never bring anyone to challenge his views from the left. Khud Bolta hai ki 'mai capitalist hoon' lekin kabhi maanta nahi hai ki India jaise bade deshon ko apna raasta hone chahiye. States that do welfare and reach across caste lines prosper - UC hindiwale ye sach kabhi nahi manenge

[@Arnavsobtii1935]

@@sultanmirza182I am not saying Ruchir is not good I am telling you he is an investor who manages billions so his point of view might be different but we as common people may have different opinions and we might not agree with him

[@ARYANJEE-uu3qe]

​@@sultanmirza182 because poor people are idiots and dont know shi

[@PandaTheAB]

Intriguing informative conversation 💯

[@tuhinsensarma3337]

We need more parts on what's happening in bengal...we can't let it slip easily

[@Ohhh7777]

He would make after some updates

[@tuhinsensarma3337]

@@Ohhh7777 i hope so.... We need to fight back against this corruption. Journalists like Him gives me HOPE.

[@anuradhachanda3896]

Very happy to listen to Ruchir Sharma. Thank you, Deshbhakt

[@honeysharma8036]

accepting US embassy offer is opening new doors for DESH BHAKT , kudos to you bro. Jai Hind

[@swarupdas7313]

@UmarAkmal_96_Officialmaturity is when you realise pakistan’s real name is PORKISTAN

[@johncena-v6f]

​@UmarAkmal_96_Officialmaturity when you realize indias foriegn exchange reserve 10th times greater than pakistan reserve 😂

[@randomdude001]

This is probably bjp it cell account trying reverse psychology ​@UmarAkmal_96_Official

[@cinebal4796]

​@UmarAkmal_96_OfficialMaturity is when you realise that the cost of a tea in Pakistan is equal to an F 16 jet 🤡

[@User-mncbjlfjrebxkl]

@@cinebal4796 Maturity is when you realise India doesn't bother about Pakistan anymore.

[@HueTube365]

Best resolutions provided by Ruchir. ❤them.

[@BK-3112]

Very informative

[@Kalinga_3]

Great interview and great insights !!

[@XavierHoonBsdk]

Capitalism Killed Common Man in India 😢

[@abhinav810]

capitalism increased common man's availability ,India is much more richer now than it would have if it followed soviet style socialism

[@donotdoit8428]

Do you know any successful communist country other than china? It takes a good dictator to make successful communist country.

[@Chigrikmarak3016]

Capitalism lifted the common man from extreme poverty in India. We weren't doing well before 91 so stfu.

[@neon_arch]

These socialist and communist people are true idiots. You need to grow your economy to help the common man. And you need capitalism to grow your economy. Without capitalism, the life on common man will never improve.

[@HGNAH0]

​@UmarAkmal_96_Official🧐 why???? 🙀

[@soumyajeetchakrabarty6872]

This has been very very insightful

[@SAIDUL__ISLAM-n9g]

Love from northeast Indian ❤❤❤❤❤❤

[@subhoraj]

@UmarAkmal_96_OfficialEi niyei thak

[@samsulkhan5080]

And you r chines 😅​@@imperial_Drag999

[@GT-dm8pw]

​Yes we are desendent of chinese who is a super power we feel proud Thank you poor abdu Puncture aur kure uthate rahol​@@samsulkhan5080

[@existentialbaby]

@@imperial_Drag999 lindoo pajjit spotted

[@lkrishna2280]

Loved the conversation. Credit to your efforts for bringing out such engaging conversation. It's worth our time.❤❤❤

[@RationalThinker-c6g]

It’s so easy for him to say let companies go bust and let thousands of workers, sometimes even hundreds of thousands lose jobs when he is super rich. Not everyone is privileged like him and not everyone got the same opportunities like what he got. Sure he is intelligent and knows how to make and manage large pools of money, but that doesn’t make him “I know everything and I have a formula for every economic issue “

[@rajx7120]

Companies going bust is good. Because new company will take its place. New type of jobs get created. Society progressed like this only. Hunter gatherer lost jobs, when agriculture came, buy they produced more food. Manual labourets lost job when factories came, but they produced more goods. Society became richer when more productive jobs replace, less productive jobs. For that less productive companies need to go bust !

[@Anityam]

Ruchir sharma is a Modi bhakt

[@Anityam]

​@@rajx7120your views is to simplistic

[@nimanaksang9807]

The way they abridge the points were very informative..Glad to learn new perspective of economic growth n reforms.

[@Ankitksha]

I would suggest to add time stamp in the videos.

[@thedeshbhakt]

This is something we want to do - but also want people to watch the full thing and not skip around!!! 😋

[@girathemail]

Good insights

[@ItsMyCoaching]

Sir Please Make video on Bharat Band ☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️☝️

[@Pixietink]

Loved this!!

[@aarti2108]

His definition was awkward to me and medaled to his convenience. “Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society. The essential feature of capitalism is the motive to make a profit” Rich gets richer which is happening here too

[@meerowais9608]

Like American youth he has a very wrong notion about capitalism. Maybe Rushir being a very pro capitalist doesn't help

[@nationalist7347]

Capitalism is more about Competition and creative destruction

[@shashwataroy4808]

I generally don't watch conversation but this one was really insightful! Loved it Akash! ❤

[@Yalgaar.S.K]

9:52 i heard maximum times this line that most of Americans can't afford own home, but Indians do that means Indian are rich or economically free???

[@jishnuadhikari5234]

Propoganda Video. The guy is just trying to deregulate the economy so that his hedge fund has easier access to Indian market. Already most entrepreneurial ventures in India are bought out by foreign firms in their first few years.

[@srbasha74]

Very insightful❤

[@ininjad24]

Excellent conversation Akash, you carried it so well 👍. It is always a pleasure to listen to Ruchir Sharma - thank you! Capitalism is about big fish eating small fish and getting bigger! Democratic politics requires reigning in the big fish because that is what gets you votes! Could you please consider taking up conversations on the topics of corruption and black economy?

[@urvashisharma3674]

Very interesting and enriching conversation.

[@wonnabeinvisibleasp]

sir #floodinbangladesh, where we are protesting for Nirbhaya there without any warning the dam was opened and now our people are suffering and Indian media is having fun with the situation 😢

[@SamX-dc6mq]

Prove dam was opened by India. Do you have evidence of dam being opened. Otherwise don't pedel any media propaganda

[@siddheshvispute17]

THIS IS CALLED KARMA

[@wonnabeinvisibleasp]

@@siddheshvispute17 And i hope karma hits you back too.

[@wonnabeinvisibleasp]

@@siddheshvispute17 I hope karma strikes you back too.

[@syedwaseemakram7006]

​@@siddheshvispute17Thats not karma it is called crime comitted by india intentionally.

[@ssnugy9508]

man its way more fun to listen to 2 learned individuals ... have a understandable talk about things that did, would and will shape a country

[@Hidaydevt-k9z]

Much needed conversation for our countries future

[@siddheshvispute17]

EXTREME LEFT WINGERS POINTS OUT MODI/BJP FOR UGLY POLITICS ,, WHERE AS DONALD TRUMP AND OTHER WORLD LEADERS ADMIRE INDIANS, ITS GROWING ECONOMY AND NARANDRA MODI and they see him as a powerfull leader

[@morningstararun6278]

​@siddheshvispute17 Open your eyes Pojeet. The world doesn't give a sht about India.

[@drsaratj1189]

thank you very much both of you.I own 3 small companies...finding ways to get out of India already...easy to do business elsewhere. every word Ruchir said is true..amazed he is showcasing pain which i have been suffering for the past 7 years with Indian regulatory.

[@thedeshbhakt]

😳😢

[@morningstararun6278]

You are a business owner, and you don't even know the difference between demanding bribes in different forms(like it happens so often in India), and regulations? 🤦‍♀🤦‍♀ . Mate, India is not at all that regulatory, when compared with China, Vietnam or the Asian tiger economies. Leave China and Vietnam aside, even the Asian tigers have far more regulations, state intervention and planning into the economy than India or Pakistan, that they constantly demand foreign capital to be invested in the most demanding way possible, and it was precisely the reason they became successful as well. And it is also a myth constantly being propagated by the Bretton Woods Institutions that foreign investment would be more likely to visit countries with least regulations. Well guess what genius? African countries have the least regulations in the entire world, which is the reason why west has been able to exploit its resources for an unfair trade value for so long, even after the "end" of colonialism. Pakistan has far less regulations than South Korea, but why aren't the factories moving there?

[@drsaratj1189]

​@@morningstararun6278"The National Apex Committee for Stem Cell Research and Therapy (NAC-SCRT) is the top regulatory body established by the Department of Health Research under the Ministry of Health and Family Welfare, Government of India. It is responsible for overseeing all activities related to stem cell research across the country. While awaiting a response can sometimes take years, I am aware of the complexities involved. However, I refrain from making comparisons between different regions, as each situation is unique."

[@morningstararun6278]

​@@drsaratj1189You may be referring to regulations intentionally used to hamper the progress. That is what happens in India all the time, as a way to collect bribes in a subtle way, without explicit demand. But that doesn't mean that regulations are inherently bad. Singapore has far more regulations than India can ever imagine. Almost all the developing countries have more per-capita government employees than India, who work on various regulatory bodies. The state body in India is too small and too weak, that it has no resistance to corruption. While the countries with better rule of law and ease of business, have a strong state monitoring the economy.

[@sumanmajumdar7884]

​​@@morningstararun6278because of radicalization in Pakistan today Pakistan can be Vietnam if they sacrifice the greed when IT company was finding its new location for its operations Lahore was one of there preference but there military leadership was greddy they ask for so much bribes and the result is infront u so they choose to move Bangalore in 80s when our indian economy wasn't opened yet. Thanks to Karnataka CM.

[@naf_k5126]

एक बात जो कोई नहीं बता रहा वह है काले धन का कमाल। शेल कम्पनियों के रास्ते से काला धन आकर शेयर-मार्केट में धमाल मचाता है। ज्ञानी, बुद्धजीवी लीपा पोती में लगे रहते हैं। दुर्भाग्य!

[@raavankataria]

Bhai loved this. Please create more information intensive content like this.

[@areebxx]

Bhai Lateral entry aur broadcasting bill jo wapis hua hai uspe video dalo

[@pravishpatel6930]

Thoroughly enjoyed this discussion, for a guy who did on the fence of left wing/ right wing conundrum More power to you brother. This is exactly what a true "Deshbhakt" does, instead of just whining about everything,tries to find out wtf is going on and what one should do to fix it

[@princelalani505]

Rural area are still underdeveloped please visit the villages and farmers

[@AryanKumar-fz2dm]

Unfortunately....

[@jishnuadhikari5234]

He wants easy access to Indian Capital markets for his Hedge fund, why would he care about the lowly villagers?

[@nationalist7347]

@@jishnuadhikari5234😂😂 because he is speaking against hedge funds….We Indians don’t want to go to great socialism where we drove brought ambassador at rates of Benz

[@sumanmajumdar7884]

Because of there laziness

[@adamt2941]

Thank you @thedeshbhakt for this interview

[@85Sudi]

It was so difficult to take Ruchir Sharma seriously after he said that what is happening in the US today is more a version of socialism.

[@dsjadenvarghese5157]

@@85Sudi such a silly statement on his part

[@RDesai_indiancapitalist]

Exactly these people don't understand who actually fails Market or state policies

[@RK-cd]

Great Episode Ruchir Sharma is a guy of great wisdom We need more such intellectually realistic episodes

[@0anirudhkala]

What is economic freedom and how it is ment for common person doing a simple job low paying ?

[@AyushMohan.8]

Wow .. Ruchir Sharma on the show !! ❤❤ Thanks @Deshbhakt

[@viswaghosh1]

Seems Ruchir is clearly a thinker within the neoclassical school. Two important questions he may want to answer in his next book could be: 1) What is the purpose of any economy? (Hint: think of what Aristotle meant about "oikonomia") 2) Why did the baby boomers have tremendous faith in capitalism after ww2? (Hint: the "new deal", which was shaped along Keynesian lines without destroying competition)

[@mistersuprim9998]

Very informative ❤

[@Wildlife_Movement]

Desh k liye jo ho sake wo karo

[@Wildlife_Movement]

@UmarAkmal_96_Official Bhai tumne fir wahi tipical Pakistani Wale baat kar de 🤣🤣🤣

[@Wildlife_Movement]

@UmarAkmal_96_Official ab to sudhar ja brother 🤣🤣

[@Rahullllllllll]

Very awesome conversation ❤👌👌🔥🔥 so indulging it's like a netflix movie It should be series of episodes ❤

[@combinatorics1224]

Capitalism makes Hong Kong, Singapore, South Korea,Japan , Thailand and Indonesia. Communism makes North Korea and Laos. Now it's your choice.

[@pi-physics746]

North Korea is under dictatorship. China is a communist country with a miracle of development.

[@myyoutube5237]

​@@pi-physics746china puri tarah communisim flow nahin karta hain vo bhi partially communisim aur capitalism flow karta hain ,agar vo puri USSR ka tarah aaj bhi communisim flow karta , to vo bhi puri tarah se aaj khtam ho jata , vaise bhi humse bhi jyada billionaires china mein hain.

[@morningstararun6278]

@@myyoutube5237 "Most billionaires are in China." Yes, China has billionaires. But they are not the ones in power. India has billionaires, and they are the ones in power. Do you think that Adani will receive the same treatment from BJP, like Jack Ma got from Communist party of China? No. If Jack Ma tries to meddle with the economy, or the affairs of the state in China, the Communists would take him backstage, rough him up a bit, and make him shut his mouth, which is what Xi Jinping actually did. In India, Adani and Ambani are literally the masters of Indian government.

[@sumanmajumdar7884]

​@@myyoutube5237no they don't there economic style is capitalism not communism which they adopted in 70s there administration is communist

[@sumanmajumdar7884]

​@@myyoutube5237because they follow capitalism in terms in economy

[@vasanthihariharan7384]

A very good...interview.Very refreshing to here.. Ruchir Sharma's. .. spot on analysis on...the failure of Capitalism....due to lack of..competition.Long time ...not...heard an...interview of..such...top...quality on thr..Global economy..vis a vis...India. Kudos...Deshbhakt...and thank you.🎉

[@ankanchoudhury8433]

Capitalism is inherently anti-competition. If you let capitalism go on unregulated, monopolies are bound to evolve and destroy all other competitions. Rather you need more hands on approach like anti-trust laws to enforce competition.

[@vasanthihariharan7384]

In India....we have created...an Oligarchy....through..Govt....support.

[@pranalichavan14]

Modi will one side talk about make in India on the other he will increase the number of imports from China!!! HYPROCRISY!

[@dhrubajyotidebnath6192]

to make in India we have to do land reforms and farm reforms, both cases govt. has to retrieve because of you people make noise so actually the biggest HYPOCRATE are indian people they all want to become rich but no one want to go through the process🙄🙄🙄🙄

[@marvelnerd4491]

Same to deshbhkt one side..😅

[@lonewolfe2502]

Synonym for word hypocrisy is Modi. 😂

[@rishitbhardwaj1032]

​​@UmarAkmal_96_Officialbas bhai bas kitna hassega ruk ja yaar 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

[@siddheshvispute17]

@UmarAkmal_96_Official lagta hai tu,,madarsa se education complete kiya hai😆

[@Mr.CoolDood]

You are taking the path of Dr. Prannoy Roy. Great job Aakash

[@bagmanav]

Nice interview. Ruchir was one of my fav in early 2000s whenever he used to make appearence in t.v Quick question At 42nd min he says infra spend and doles are well managed..but apprx 20 bridge collapse in bihar , Highways messed after rain,flooding after rain,waste management goof ups.. How do you measure then? Another economist i like says instead of infra spends done by machines and selected few..consumerism would lead to better demand.

[@sarthakgadge5223]

Wow! An amazing interview Akash. I got to learn a lot and it was a pleasure getting to know Ruchir Sharma, he has a great personality.

[@pardeeptandon]

Is Education, Health, R&D, and irrigation not part of the infrastructure spending? In the last decade, our spending on these as a percentage of GDP has gone down.

[@eliotanderson6554]

42:34 cant believe he was allowed to say that in this channel ❤

[@VijayPawar-sz6gq]

Ruchir Sir is a Master ❤

[@REVIEWSONTHERUN]

Interesting discussion! Thanks for sharing it. ✌️

[@AnshuGupta-st3on]

Love from UP

[@HGNAH0]

​@UmarAkmal_96_Officialbas kar bhai😂

[@monkaZETTA]

Lol ​@UmarAkmal_96_Official

[@Vinod-p5x5j]

Ruchir is always a pleasure listening to

[@joffreytargaryen3774]

Brother, hope you are watching this comment. I'm from Bangladesh. India released dams suddenly . As a result, Bangladesh is facing flood 3rd time this year. Even Bangladeshi hindhus are hating Indians for this. One of my friends called me this morning. One of my friends called me this morning and told me that they lost their house and currently they are staying at their Mandir. There is no food left. No Indians are talking about this Against their government. Please raise a voice for us, become our voice again 🥲💔

[@nizam-r7h]

Hate india more then... That what u guys can do...

[@pralayshivam251]

@@joffreytargaryen3774 Nepal: First time?

[@Shivam-f1r2d]

You guys are stupid or something ? ..this is not true at all ... For context , plzz see the condition of Tripura and don't try to be a victim here bcuz north east Indians are also suffering from this flood. You guys are no exception from it

[@bullymaguire8380]

Religion ke alwa kuch dikhta he?

[@Shivam-f1r2d]

@@pralayshivam251 nepal and flood ? .. kinda weird

[@wethepeople-i9dia]

Wow....just awesome...