Pages

11 July 2024

Author Talks: Ruchir Sharma on the pitfalls and promise of the capitalist system

Raju Narisetti

Why write a fifth book about nations, economies, and government policies?

Writing this book has been a fascinating journey; it’s my most ambitious project. I conceived the ideas during the [COVID-19] pandemic—when governments excessively spent.

One chapter in the book is dedicated to staggering government spending and the distortions it caused in a so-called attempt to satisfy everyone. I felt outraged about what happened during the pandemic and about who benefited from those actions. The rich profited during that time due to the government throwing money away and financial bailouts.

My ideas came from that. I intend to take readers on a 100-year capitalism journey and show helpful signs of what capitalism can do when it works as it should.

The first and most important step to a cure is correctly diagnosing the problem. There are a lot of feelings, especially among progressives, that the fundamental problem in America is that governments should be doing more to rescue the poor.

No comments:

Post a Comment