Ruchir sharma latest interview of sheikh
Ruchir sharma latest interview of sheikh.
HT interview: Capitalism’s crisis is that it’s not what it was meant to be, says Ruchir Sharma
Ace investor and a bestselling author Ruchir Sharma’s latest book What Went Wrong with Capitalism tries to answer why people are losing faith in capitalism.
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The answer, Sharma argues, lies in the fact that what is being passed of as capitalism today has derailed creative destruction and institutionalized socialisation of risks with bloated governments. Sharma spoke to HT in an interview to talk about his book and the other things.
Here are edited excerpts:
Why another book on capitalism? There are a couple of reasons.
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One is that I’ve lived in America now for over 20 years. It’s been very friendly to capitalism, to immigrants such as me who have come here. And yet I’m astounded by a couple of things in today’s America. If you look at the surveys, most young people, particularly if they’re Democrats, say that they would rather have socialism rather than capitalism.
Now this is a cou