Ruchir Sharma, "What Went Wrong with Capitalism"

Rockefeller International chairman Ruchir Sharma explains why he believes capitalism is broken and how it can be fixed. He was interviewed by the Cato Institute's Alex Nowrasteh.
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[@tinaishatucker1329]

I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.

[@kaitlinFunds]

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million dollars by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

[@kaitlinFunds]

I definitely share your sentiment about these firms. Finding financial advisors like *Layan Talia Chokr* who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@MagnumInnominandum]

Like every system monetary systems get gamed. It's not that capitalism failed it is that it is working for some one else now.

[@europa]

Corruption, conflict of interest, corporatism

[@roguetool8869]

8:30 Productivity has only gone up while wage/income has stagnated. Get your facts straight

[@RagingGeekazoid]

Wow! I was expecting a dumb video, but not something that obviously dumb.

[@jungleboots]

Monopolization ate Capitalism.

[@azurebadger]

Corruption. And the progressive socialists who oversaw the greatest transfer of wealth from a population into private and corporate hands in human history just now. It is the duty of a free and sovereign people to root it out. Not a corrupt government. I doubt you learned a thing from this podcast. And there is a reason for that. This man wouldnt survive a debate or scrutiny of his ideals and philosophies. What went wrong with capitalism? People over the course of a few generations were programmed to use explicitly communist rhetoric like ‘captialism’ instead of free market, and ‘political correctness’, a phrase invented by mao zedong as he committed mass murder during the ‘cultural revolution’. I wont stand for this, and there is a reason our academic standards are bottoming out. Veritasity lost to socialist subversives and the corrupt funding tunnels of a corrupt government. The scientific journals and all media were bought by left wing subversives and immediately began distorting if not lying about vital information. This man represents a class of ‘elite’ people who no longer can even tell that they do not meet any intellectual standard ever.

[@Honorato-vrp]

How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards

[@-vv3rv]

As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultant

[@-vv3rv]

Stephanie Aaron Trentham.

[@gaspardfigueroa]

This is correct, Stephanie strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..

[@SC-4rqub]

The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional

[@Scott-qwer]

Yes, I agree with you. Her platform is wonderful, and her strategies are exceptional

[@crawdad_smoker001]

Greedy Awful People ruined it for anyone else....

[@MrxstGrssmnstMttckstPhlNelThot]

Well this will definitely be interesting. CSPAN isn't gonna publish any kind of genuinely anticapitalist message so this will be fascinating nonsense.

[@MrxstGrssmnstMttckstPhlNelThot]

Oh my god CATO Institute! Never mind. Boring same old nonsense.

[@forwarddiscipline]

Shut up commie.

[@EcceHomo1088]

Socialism/communism is what happened…

[@RoseSharon7777]

Corruption and greed.

[@theonlyatoms]

Organized labor cannot allow capitalism to exist. and yet we have given up control of almost everything to the unions.

[@oldmare444]

Capitalism shouldn't exist anyway.

[@CyrustheWolfOWO]

Workers not owning the means of production. That is what IS inherently wrong with capitalism! The end.

[@IronskullGM]

You do know communism has failed every times its been attempted don't you?

[@forwarddiscipline]

Commies are going to do well in prison.

[@EcceHomo1088]

Go live in Russia perhaps…?

[@fernandoarista3302]

​@@EcceHomo1088Is Russia communist? No. That's how smart you capitalists are

[@EcceHomo1088]

@@fernandoarista3302 … so Russia is “capitalist” in your opinion…? Really? A strong central authority that kills its political rivals is… Capitalist…? 🤣🤣🤣… no… that’s communist/socialist buddy…

[@TabBills]

I'm favoured financially with Bitcoin ETFs, Thank you buddy. $63,700 biweekly profit regardless of how bad it gets on the economy.

[@VictoriaStones]

How please, help me I really need to regain my losses after trying to trade on my own

[@TabBills]

Yeah, since meeting expert Richard Hill, I now agree that with an expert managing your portfolio, the rate of profit high, with less risk.

[@Macstoning]

Same here, I believe the Bitcoin ETFs approval will be a life changing opportunity for us, with my current portfolio of $108,000 from my investments with my personal financial advisor < Richard Hill> I totally agree with you

[@Macstoning]

he's a licensed broker here in the states.

[@VictoriaStones]

This sounds so good and I would like to be a party to it, is there any way I can speak with him?

[@Raya14]

Greed.