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Dennis Prager Podcasts

Understanding Capitalism

Dennis Prager Podcasts

Salem Podcast Network

News, Philosophy, Society & Culture, News Commentary, Politics

4.52.2K Ratings

🗓️ 13 June 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Dennis talks to Ruchir Sharma, chairman of Rockefeller International and founder and chief investment officer of Breakout Capital, an investment firm focused on emerging markets. His new book is What Went Wrong with Capitalism.
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Transcript

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0:00.0

For the reason for my

0:02.0

preger show go to pregratopia dot com sign up and become a full member

0:08.0

I I have the reason for my hesitation is I'm so enthused with my guest I want to control myself

0:21.5

This is like an intellectual dessert speaking to Rucchear Sharma.

0:28.6

And the book is that important.

0:31.2

What went wrong with capitalism and again it's what went wrong not

0:36.1

is capitalism wrong what went wrong that's it's critical to understand where he's

0:42.0

coming from.

0:44.0

So I first of all I want you to know I I'm actually my lip is bleeding because I bit it so hard so it was not to interrupt you. When you spoke

0:56.4

about government checks as a form of a drug. I have said for decades that I believe that government benefits are, it is harder, this is the way I've put it,

1:18.8

it is harder to get off government benefits than to get off heroin.

1:25.0

And by the way, it's not a cute line.

1:28.0

I actually believe that.

1:30.0

To, when people are used to getting things for free

1:35.0

the it is it it the addiction is is unbelievably powerful

1:41.0

now you're you're speaking of it on the corporate level as well as on the individual level.

1:49.1

That's one of the truly important points of your book.

1:52.8

Am I right thus far?

1:54.3

Absolutely, Dennis.

1:56.2

So as I said, they've become a bailout nation,

1:59.2

which is that we are bailing out companies all the time and so you're absolutely true and it's also like

2:06.1

at a regulatory level which is that as I show in the book that America adds 3,000 new regulations a year now.

...

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