000			02511nam a2200229Ia 4500
005			20250606092326.0
008			008 250516s9999 xx 000 0 eng d
020			_a9780241595763
040			_aSDCL _beng _cSDCL
041			_aeng _2eng
084			_aXL R4 _qSDCL
100			_aSharma, Ruchir _9809509
245		0	_aWhat went wrong with capitalism
260			_aDublin : _bAllen Lane, _c2024.
300			_axii, 368p.
365			_aINR _b999
520			_aWhat 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, 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. What Went Wrong with Capitalism is a “superbly written” (The Wall Street Journal), “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.
650			_aCapitalism -- History _9811976
650			_aUnited States -- Economic aspects -- Political aspects _9811977
650			_aCapitalism -- History -- Political aspects _9811978
942			_cTEXL _2CC _n0
999			_c1429414 _d1429414