486 | Ruchir Sharma: What Went Wrong with Capitalism - Bailouts, Low Growth, Spiraling Debt, and the Case for Neoliberalism

The Realignment

Technology, News Commentary, National Security, Marshall Kosloff, International Relations, News, Public Policy, Economics, Politics, Saager Enjeti, U.s. Politics, Policy

4.8 • 2.5K Ratings

🗓️ 13 June 2024

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ruchir Sharma, author of What Went Wrong with Capitalism, joins The Realignment. In this episode, Ruchir argues that many of America's ills and the populace's rejection of the status quo stems from too little, as opposed to too much market-focused thought, offers a revisionist history of the post-1980s Neoliberal era, makes the case against the rising rate of government bailouts of private industry, and instead offers a vision focused on reducing debt, increasing productivity, and growth-focused deregulation.

Transcript

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0:00.0	Marshall here, welcome back to the realignment.
0:03.0	Hey everyone, welcome back to the show.
0:07.0	Today's episode is with the author, Vushir Sharma.
0:12.0	He has spent decades in the finance
0:14.2	industry, he's a columnist for the Financial Times and he's the author of a new book
0:18.2	What Went Wrong with Capitalism? We've obviously done a bunch of episodes on the realignment
0:23.5	about capitalism and critiques of the neoliberal status quo. But what's so
0:27.8	interesting about this book and our conversation is that he's taking the
0:31.2	perspective that actually so many of the problems of that status quo are from not too much capitalism but frankly not enough
0:38.5	Not enough focus on markets not enough focus on growth not enough focus on deregulation we not enough focus on deregulation.
0:43.6	We're going to get into his counter critique of the critique that many folks on the show where we focus
0:48.8	on and get into the specifics.
0:50.5	We talk about bailouts, we talk about economic productivity, we talk about economic
0:54.0	models the countries need to face to succeed, all of those good things.
0:57.8	Hope you all enjoy the conversation and I'd appreciate let me know what you think in the comments.
1:04.2	Hey guys, quick note before we get into today's episode,
1:06.8	I wanted to take a quick second to share some good
1:09.1	and exciting news about the Foundation for American Innovations upcoming fall conference,
1:14.4	reboot 2024, the new reality.
1:17.1	As listeners will know, especially long time ones,
1:19.7	FAI hosts a great conference called reboot every year, and this version is going to be in
1:24.8	San Francisco, California, September 4th and 5th. Listeners to the
	...

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