What Went Wrong with Capitalism By Ruchir Sharma

#WhatWentWrongwithCapitalism By #RuchirSharma
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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

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Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank

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Hi Fareed, you are not correct about the Indian election. Generally 2/3 government are thrown out. All governments in India use tactics like policing, money and other resources in their favour and still they end up losing. Please do not underestimate the power of the common man in India.