What Went Wrong with Capitalism by Ruchir Sharma
- What Went Wrong with Capitalism
- Ruchir Sharma
- Page: 384
- Format: pdf, ePub, mobi, fb2
- ISBN: 9781668008263
- Publisher: Simon & Schuster
What Went Wrong with Capitalism
Amazon ec2 book download What Went Wrong with Capitalism PDB RTF FB2 9781668008263 (English literature) by Ruchir Sharma
A century of expanding government has distorted financial markets, stoked massive inequality, and soaked America in debt. Capitalism didn’t fail, it was ruined... What went wrong with capitalism? Ruchir Sharma’s account is not like any you will have heard before. He says progressives are right, in part, when they mock modern capitalism as “socialism for the rich.” For a century, governments have expanded in just about every measurable dimension, from spending to regulation and the scale of financial rescues when the economy wobbles. The result is expensive state guarantees for everyone—bailouts for the rich, entitlements for the middle class, welfare for the poor. Taking you back to the 19th century, Sharma shows how completely the reflexes of government have changed: from hands-off to hands-on, from doing too little to help anyone in hard times to today trying to prevent anyone suffering any economic pain, ever. Trading sins of omission and indifference for excesses of spending and meddling, governments from the United States to Europe and Japan have pumped so much money into their economies that financial markets can no longer invest all that capital efficiently. Inadvertently, they have fueled the rise of monopolies, “zombie” firms, and billionaires. They have made capitalism less fair and less efficient, which is slowing economic growth and fueling popular anger. The first step to a cure is a correct diagnose of the problem. Capitalism has been badly distorted by constant government intervention and the relentless spread of a bailout culture. Building an even bigger state will only double down on what ruined capitalism in the first place.
What went wrong with capitalism
May 24, 2024 —
What has gone badly wrong with capitalism?
What has gone badly with capitalism is that it is working as intended. Capitalism encourages the creation and then oppression of a lower
What went wrong with capitalism?
7 days ago —
Capitalism Has Ended the Issue of Scarcity But Worsened
Nov 20, 2022 —
What Went Wrong with Capitalism
Inadvertently, they have fueled the rise of monopolies, “zombie” firms, and billionaires. They have made capitalism less fair and less efficient, which is
What Went Wrong With Capitalism | Chicago Public Library
Mar 26, 2024 —
What Went Wrong with Capitalism (Hardcover)
They have made capitalism less fair and less efficient, which is slowing economic growth and fueling popular anger. The first step to a cure is a correct
0コメント