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Welcome to Kitabwala, Lallantop's weekly show where we chat with authors about their latest books. This week, we’re diving into Ruchir Sharma's eye-opening book on capitalism. In an interview with Saurabh Dwivedi, Sharma argues that modern capitalism has gone off track, not because of too little government, but because the government has been involved too much. From huge bailouts for the wealthy to extensive regulations and safety nets for everyone else, Sharma calls this "socialized risk."
He explores how this distortion of capitalism has contributed to slowing economic growth and rising discontent, especially in the context of recent U.S. elections, including those involving Biden and historical figures like Carter. Sharma believes that instead of more government intervention, a series of seven key changes could restore balance and revitalize the economy.
About Ruchir Sharma:
Ruchir Sharma is the chairman of Rockefeller International and the founder of Breakout Capital. After 25 years at Morgan Stanley, Sharma moved to Rockefeller in 2022. He also writes for the Financial Times and has penned several influential books like "Breakout Nations" and "The Rise and Fall of Nations."
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Produced By: The Lallantop
Edited By: Radhe