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What went wrong with capitalism

By: Material type: TextTextPublication details: Dublin, UK Allen Lane 2024Description: 368pISBN:
  • 9780241595763
Subject(s): Summary: What went wrong with capitalism? Ruchir Sharma’s explanation is unlike any you have heard before. Progressives are partly right when they mock modern capitalism as “socialism for the rich,” but what really happened in recent decades is that government in developed nations expanded in just about every measurable dimension, from spending and regulation to the sheer scale of its rescues each time the economy wobbled. The result, Sharma says, is “socialized risk,” expensive government guarantees, for everyone―welfare for the poor, entitlements for the middle class, and bailouts for the rich.
List(s) this item appears in: Finance and Economy
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Item type Current library Call number Status Date due Barcode Item holds
Books Books Gandhi Smriti Library 330.122 SHA (Browse shelf(Opens below)) Checked out to Narmada Hostel OT Launge (NARMADA) 2025-08-30 177168
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What went wrong with capitalism? Ruchir Sharma’s explanation is unlike any you have heard before. Progressives are partly right when they mock modern capitalism as “socialism for the rich,” but what really happened in recent decades is that government in developed nations expanded in just about every measurable dimension, from spending and regulation to the sheer scale of its rescues each time the economy wobbled. The result, Sharma says, is “socialized risk,” expensive government guarantees, for everyone―welfare for the poor, entitlements for the middle class, and bailouts for the rich.

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