Is capitalism broken? A growing number of Americans think so amid declining social mobility and rising inequality. According to investor Ruchir Sharma, author of What Went Wrong With Capitalism, the United States has gone on a decades-long debt binge, with too many regulations and a culture of bailouts, which he says has weakened dynamism in the economy—and capitalism itself. Sharma joins FP Live to discuss potential solutions and lessons from around the world.
Suggested reading:
Ravi Agrawal: Capitalism Is Broken. Here’s How to Fix It.
Cameron Abadi: Adam Tooze: What Is ESG Investing and Why the Sudden Backlash?
Ashley Lester: Why Is Adam Smith Still So Popular?
Adam Tooze: The Hidden History of the World’s Top Offshore Cryptocurrency Tax Haven
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