Ruchir Sharma What Went Wrong with Capitalism
Over the last forty years, governments and central banks have pumped so much money into the economy that the markets can no longer allocate capital efficiently.
Capitalism is now so deeply addicted to debt, even the return of inflation in recent years—which ended four decades of easy money—has not weaned its leaders off their habit.
Many high-profile symbols of capitalism gone wrong, including the rise of monopolies and billionaires, are effectively creatures of a borrow and bailout culture.
Rise And Fall Of Nations - Forces Of Change In The Post-Crisis World av Ruchir Sharma
Ruchir Sharma is an author, fund manager and columnist for the Financial Times. He is the head of Rockefeller Capital Management's international business, and was an emerging markets investor at Morgan Stanley Investment Management.
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