A radical examination by a leading financial analyst, commentator and investor of the ills of capitalism and how they can be fixed What went wrong with capitalism? Ruchir Sharma’s explanation is unlike any you have heard before. Progressives are partly right when they mock modern capitalism as...
一世纪的政府扩张:金融市场的扭曲与债务问题 在过去的一百年里,政府的扩张在各个方面都影响了金融市场,导致了巨大的不平等,并使美国深陷债务之中。资本主义并没有失败,而是被破坏了。 资本主义到底出了什么问题? Ruchir Sharma 提供了一种全新的视角。他认为进步主义者部分正确地讽刺现代资本主义为“富人的社会主义”...
Ruchir Sharma: What Went Wrong With Capitalismdoi:10.1057/s11369-025-00395-5Smith, Vernon L.Chapman University, Orange, USAPalgrave Macmillan UKBusiness Economics
even today, are among those with the biggest market capitalization (e.g., Google, Meta). However, one should not forget that the whole sector is associated with significant risk. Market capitalisation of companies operating at zero marginal cost is rarely based on present...
Critics of capitalism mirror many of these same arguments, while coming to different political conclusions. They argue that control over investment decisions that shape the level of employment and the health of the economy provide the capital class with disproportionate political power and influence (...
Niel is not naive. He is even a fighter. When he returned to Créteil to talk to the “kids”It is not easy to catch their attention. We are mostly white, old, even old fools. So I have a trick to wake them up. I tell them: “I also went to school here in Créteil, and th...
appear clueless about this fact—then let me break it to you not so gently here: Western so-called “democracies” or “representative democracies” are inherently undemocratic because of… Hold on to your hats… because ofcapitalism. The economic system of capitalism serves people like Musk, ...
The NEP, on the other hand, was a union of bureaucrats with the upper layers of the village against the proletariat; it was the alliance of State capitalism and private capitalism against socialism. The NEP is as much opposed to the Kronstadt demands as, for example, the revolutionary ...
greatest achievement of the Bandung Conference. And the idea that the world is not divided into two blocs. Why should the world be defined by a liberal democracy with capitalism on the one hand, and on the other, an authoritarian Communism with an altruistic ideology. Why should that be the...
In this paper, we discuss the role of culture and creativity as a so far neglected growth factor, filling an important gap in the existing literature. We analyse both the relevant theoretical and empirical studies, and we find that there is a solid basis