Can I read What Went Wrong with Capitalism on EtoBox?

What Went Wrong with Capitalism by Ruchir Sharma is a book available to read on EtoBox.

What is What Went Wrong with Capitalism about?

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, th

Author

Ruchir Sharma

Publisher

Simon & Schuster, Incorporated

Published

2024

Language

EN

ISBN

9781668008287

Subjects

Business, History, Political Science