{"product_id":"what-went-wrong-with-capitalism-9781668008270","title":"What Went Wrong with Capitalism","description":"\u003cb\u003eAn \"eye-opening\" (\u003ci\u003eThe New York Times\u003c\/i\u003e), \"absolutely fascinating\" (Fareed Zakaria, CNN host and commentator) look at a how a century of expanding government has distorted financial markets, stoked massive inequality, and soaked America in debt.\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003eCapitalism didn't fail, it was ruined... \u003cp\u003e\u003c\/p\u003eWhat 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. \u003cp\u003e\u003c\/p\u003eTaking 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. \u003cp\u003e\u003c\/p\u003eInadvertently, 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 diagnosis 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. \u003cp\u003e\u003c\/p\u003e\u003ci\u003eWhat Went Wrong with Capitalism\u003c\/i\u003e is a \"superbly written\" (\u003ci\u003eThe Wall Street Journal\u003c\/i\u003e), \"fresh and accessible\" (Robert Rubin, former Secretary of the Treasury and chairman of Citigroup) look at the issues confronting our capitalistic society and will ultimately reshape how you think about world.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Ruchir Sharma\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Simon \u0026amp; Schuster\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 07\/01\/2025\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 384\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.70lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.30h x 5.40w x 1.00d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9781668008270\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003eRuchir Sharma is chairman of Rockefeller International and founder and chief investment officer of Breakout Capital, an investment firm focused on emerging markets. He moved to Rockefeller in 2022 after a twenty-five-year career at Morgan Stanley, where he was head of emerging markets and chief global strategist. Based in New York, he is a contributing editor at the \u003ci\u003eFinancial Times\u003c\/i\u003e and a contributing opinion writer at \u003ci\u003eThe New York Times\u003c\/i\u003e. His work has also appeared in \u003ci\u003eThe\u003c\/i\u003e \u003ci\u003eWall Street Journal\u003c\/i\u003e, \u003ci\u003eForeign Affairs\u003c\/i\u003e, \u003ci\u003eThe Atlantic\u003c\/i\u003e, \u003ci\u003eThe Guardian\u003c\/i\u003e, and \u003ci\u003eForeign Policy\u003c\/i\u003e. He is the author of four books, the international bestseller \u003ci\u003eBreakout Nations\u003c\/i\u003e, the \u003ci\u003eNew York Times\u003c\/i\u003e bestseller\u003ci\u003e The Rise and Fall of Nations\u003c\/i\u003e, \u003ci\u003eDemocracy on the Road\u003c\/i\u003e, and \u003ci\u003eThe 10 Rules of Successful Nations\u003c\/i\u003e.\u003cbr\u003e","brand":"booksdeli.com","offers":[{"title":"Ruchir Sharma \/ Paperback \/ English","offer_id":47532372361373,"sku":"9781668008270","price":39.97,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0619\/5648\/9373\/files\/img_73548faa-8795-4324-88a0-f43b33cffef7.jpg?v=1767683476","url":"https:\/\/booksdeli.com\/products\/what-went-wrong-with-capitalism-9781668008270","provider":"booksdeli.com","version":"1.0","type":"link"}