EAN: 9781802061031

Bilder-Quelle: averdo

What went wrong with capitalism? Ruchir Sharma's explanation is unlike any you have heard before. Progressives are partly right when they mock modern capitalism as "socialism for the rich " but what really happened in recent decades is that government in developed nations expanded in just about every measurable dimension from spending and regulation to the sheer scale of its rescues each time the economy wobbled. The result Sharma says is "socialized risk " expensive government guarantees for everyone-welfare for the poor entitlements for the middle class and bailouts for the rich. Voters say they are disillusioned with capitalism but a system so distorted by government interventions is a dysfunctional version of free market ideals. As a result productivity and economic growth have slowed sharply shrinking the pie for everyone and stoking popular anger. Since these flaws developed as the government expanded building an even bigger state will only double down on what's gone wrong. The answer Sharma offers is a series of seven fixes to restore the balance between state support and free markets and lay the path to a more prosperous and happier future.

Produktinformationen zuletzt aktualisiert am
17.07.2025 um 23:50 Uhr

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