meta_pixel
Tapesearch Logo
Log in
Foreign Policy Live

How to Fix Capitalism

Foreign Policy Live

Foreign Policy

News Commentary, News, Politics

4.1622 Ratings

🗓️ 21 June 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

Is capitalism broken? A growing number of Americans think so amid declining social mobility and rising inequality. According to investor Ruchir Sharma, author of What Went Wrong With Capitalism, the United States has gone on a decades-long debt binge, with too many regulations and a culture of bailouts, which he says has weakened dynamism in the economy—and capitalism itself. Sharma joins FP Live to discuss potential solutions and lessons from around the world.  Suggested reading: Ravi Agrawal: Capitalism Is Broken. Here’s How to Fix It. Cameron Abadi: Adam Tooze: What Is ESG Investing and Why the Sudden Backlash? Ashley Lester: Why Is Adam Smith Still So Popular? Adam Tooze: The Hidden History of the World’s Top Offshore Cryptocurrency Tax Haven Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, this is Ava from Vanta. In today's digital world, compliance regulations are changing constantly,

0:07.1

and earning customer trust has never mattered more. Vanta helps companies get compliant fast and stay

0:12.9

secure, with the most advanced AI automation and continuous monitoring out there. So whether

0:17.8

you're a startup going for your first SOC 2 or ISO-27,001, or a growing

0:22.1

enterprise managing vendor risk, Banta makes it quick, easy and scalable, and I'm not to say

0:27.2

that because I work here. Get started today at banta.com. Hi, I'm Ravi Agrawal, foreign policies

0:34.5

editor-in-chief. This is FP Live.

0:40.6

Welcome to the show.

0:42.9

Something in the system feels broken.

0:46.1

To a lot of people these days, especially in advanced economies,

0:50.1

capitalism feels rigged.

0:53.0

Politicians know it.

0:54.0

China is ripping us on trade. They're devaluing their currency and they're killing our companies.

1:00.0

For much too long, working people of this nation and the middle class of this country

1:07.0

have been dealt out of the American deal.

1:10.0

It's time to deal them back in.

1:13.0

This isn't about the stock market doing well or unemployment being low.

1:17.0

It's about inequality, fundamental inequality.

1:20.9

Social mobility isn't what it used to be.

1:23.6

The American dream feels dead.

1:25.5

And there's a growing suspicion that the system is set up to let the rich get richer.

1:32.1

Survey after survey shows this feeling is growing.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Foreign Policy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Foreign Policy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.