Podcast appearances and mentions of Ruchir Sharma

Reports this morning that Iran has signaled it wants to de-escalate hostilities with Israel – and restart talks with the US: Carl Quintanilla, Sara Eisen, and David Faber broke down the latest along with key market implications ahead of another rate decision from the Fed on Wednesday – and as energy prices remain surprisingly steady. Plus: A live read from the ground in Alberta, as the G-7 summit begins in Canada.  Rockefeller International's Ruchir Sharma brought his outlook for equities – fresh off an Op-Ed in the Financial Times arguing to not underestimate the Chinese as trade talks continue… Plus: hear from Former Deputy Secretary of State – and lead negotiator for the nuclear agreement with Iran under the Obama Administration – Wendy Sherman's take on what comes next here. Also in focus: Meta rolls out ads on Whatsapp, boosting shares; Sarepta stock plummets after a 2nd death tied to an experimental gene therapy; an exclusive with the CEO of aerospace maintenance company StandardAero, live from the Paris Air Show; and the rumors around AWS that are boosting AMD shares to fresh highs. Squawk on the Street Disclaimer

Stocks rallying across the board as the U.S. and China agree to slash reciprocal tariffs for 90 days – Carl Quintanilla, David Faber, and Leslie Picker broke down the latest, in addition to President Trump's new Executive Order aimed at lowering drug prices (signed within the hour).  Longtime market vet & Evercore Founder Roger Altman calling the China progress “encouraging” - while one former U.S. Trade rep for China Affairs argues: keep waiting for hard details and facts here. Rockefeller's Ruchir Sharma, meanwhile, saying look elsewhere: namely Latin American markets. Plus: a look at how this EO on drug prices could impact pharma stocks – and your wallet – with Former FDA Commissioner Scott Gottlieb… And breaking Fed headlines from Governor Kugler – who's warning the growth outlook remains murky here. Squawk on the Street Disclaimer

A volatile morning for stocks after a report that the White House was contemplating a 90-day pause on tariffs – a report that's now been confirmed as “fake news” by the administration… Sara Eisen, David Faber, Carl Quintanilla broke down the latest swings and returned to Washington for fresh color throughout the hour. Why longtime market vet and Wharton Professor Jeremy Siegel is calling tariffs “the worst policy mistake in 95 years” – plus, Rockefeller's Ruchir Sharma, fresh off an op-ed arguing the Federal Reserve shouldn't rescue markets here.  Also in focus: big weakness in big tech – the worst performing sector on the year, as all of the Mag-7 sits in correction territory… Wedbush's Dan Ives joined the team to breakdown the move, and his choice to cut estimates on Apple & Tesla on tariff concerns. Squawk on the Street Disclaimer

Investors have long been wary of China, piling into US markets, no matter what the climate. But is that changing? Today on the show, Rob Armstrong and Aiden Reiter talk to Ruchir Sharma, a columnist for the FT and investor at Rockefeller Capital Management, about the case for China now. Also they go long BYD, and long Vietnam. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.You can email Robert Armstrong and Katie Martin at unhedged@ft.com. Hosted on Acast. See acast.com/privacy for more information.

Rockefeller International's Ruchir Sharma on U.S. market weakness vs. international strength. Economist Claudia Sahm on jobless claims and the labor market, and analyst Dana Telsey on Costco and Gap earnings. Top analyst Stacy Rasgon breaks down Broadcom's strong quarter. 

Evercore ISI's Julian Emanuel analyzes the market outlook and what he is telling clients as stocks sit near records. Our Angelica Peebles sits down with Pfizer CEO Albert Bourla to discuss drug pricing and industry challenges as the sector readies itself for HHS RFK Jr. Rockefeller International's Ruchir Sharma weighs in on China's Xi-CEO meeting. Plus, Morgan sits down with Saronic CEO Dino Mavrookas, talking the company's new capital raise and its shipbuilding efforts while Jon talks with Abridge CEO Dr. Shiv Rao on bringing AI to patient care. 

In this episode of the Bharatvaarta podcast, host Roshan Cariappa is joined by panelists Ruchir Sharma, Surya Kanegaonkar, and Anang Mittal to discuss the potential impact of the Trump presidency on India and the broader world. The conversation covers a range of topics, including the potential for creative diplomacy, the state of India's indigenous military technology programs, and the effects of U.S. foreign policy on India's strategic autonomy. The panelists also discuss how India can take advantage of this period to reform its internal policies and redefine its role as a regional hegemon. With insights into defense, economic policies, and the evolving geopolitical landscape, this episode offers a comprehensive look at what India might expect and how it can best prepare for the future. Topics: 00:00 Sneak peak 01:21 Introduction 02:59 Trump's Policies and Global Reactions 08:15 India's Geopolitical Maneuvering 20:24 Modi's US Visit Highlights 27:40 Negotiating with Trump 37:09 Regional Powers and India's Role 45:13 Indian Talent Exodus and Innovation Challenges 01:00:29 Protectionism and Indian Industry 01:19:52 Multilateralism and Global Organizations 01:29:45 The Role of Non-State Actors in U.S. Influence 01:35:21 Opportunities for India Amid Global Shifts 01:38:30 The Need for Bureaucratic and Policy Reforms 01:41:19 Concluding Thoughts and Future Outlook

In this episode, William Green speaks with Barron's Roundtable member Bill Priest, who is Vice Chairman of TD Wealth and founder, Chairman, and Co-Chief Investment Officer of TD Epoch. Bill is the co-author of several books, including “Winning at Active Management.” Having prospered for six decades in the financial markets, Bill has seen it all. Here, he talks about his core investing principles & why he believes investors are too complacent in the face of mounting risk & fragility. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 06:50 - How Bill Priest fell in love with the stock market. 40:30 - Why he focuses relentlessly on free cash flow & cost of capital. 41:11 - How he goes about analyzing a business.  48:41 - Why growth stocks may start to struggle. 50:47 - Why he's worried about the threat of stagflation.  59:16 - How investors can protect themselves from an unknowable future. 1:03:36 - Why AI is unstoppable, not just another bubble. 1:07:35 - Why he'd be “very careful” about investing in China. 1:15:38 - Why you should keep ample cash to ride out difficult times. 1:17:20 - Why his exposure to equities is much lower than usual. 1:21:16 - How to be a successful leader. 1:57:16 - What he's learned from his daughter about happiness. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Bill Priest's investment firm, Epoch Investment Partners. Bill Priest's book, “Free Cash Flow & Shareholder Yield.” Bill Priest's book, “Winning at Active Management.” Anne Applebaum's book “Autocracy, Inc.” Ruchir Sharma's book, “What Went Wrong with Capitalism.” William Green's book, “Richer, Wiser, Happier” – read the reviews of this book. Follow William Green on X. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: Hardblock Found Unchained The Bitcoin Way Vanta Fintool PrizePicks Onramp SimpleMining TurboTax Fundrise HELP US OUT! Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

The bond markets are back in British politics and have made Rachel Reeves' job even harder. The Chancellor has headed to China amid a backdrop of warnings over market turmoil, stubborn interest rates and the prospect of public spending cuts. But how much of it is her fault? In the short or long term? In this episode we talk to Ruchir Sharma, the author of (so Lewis says) one of the best political books of 2024: 'What Went Wrong with Capitalism'. It is a sharp critique of left and right, but also says that, in their own way, they've both got a point about how lousy our economic model has become.Editor: Tom HughesExecutive Producer: Louis DegenhardtProducer: Natalie IndgeDigital Editor: Michaela WaltersSocial Media Editor: Georgia FoxwellVideo Production: Rory Symon, Shane Fennelly & Arvind BadewalDigital Journalist: Michael BaggsYou can watch Lewis's special report on the abortion crisis in America here: https://www.youtube.com/watch?v=df5BCL0ocFEDon't forget you can also subscribe to our other News Agents podcasts via the link below:https://linktr.ee/thenewsagentsThe News Agents USA now have merch! Click here to buy yours now: https://store.global.com/collections/the-news-agents-usaYou can listen to this episode on Alexa - just say "Alexa, ask Global Player to play The News Agents"The News Agents is brought to you by HSBC UK - https://www.hsbc.co.uk/

In the wake of the New Orleans truck attack, Fareed is joined by Harvard professor of government Graham Allison to discuss what he believes to be a growing threat of terrorism in the United States, and the domestic and international factors at play.   Next, Fareed speaks with Kori Schake, director of foreign and defense policy studies at the American Enterprise Institute, and Richard Haass, president emeritus of the Council on Foreign Relations, about the foreign policy challenges facing incoming President Donald Trump, and the areas in which his administration might be able to make progress, from Ukraine to Iran to China.  Then, President Jimmy Carter's former chief speechwriter James Fallows joins the show to discuss the late president's legacy, including his post-presidency.  Finally, Ruchir Sharma, chairman of Rockefeller International, tells Fareed what financial trends he will be watching for in 2025.  GUESTS: Graham Allison (@GrahamTAllison), Kori Schake, Richard Haass (@RichardHaass), James Fallows, Ruchir Sharma   Learn more about your ad choices. Visit podcastchoices.com/adchoices

Today the roles are reversed. Producer Dallas Floer interviews Shruti for the annual end of year episode where they look back at key themes and episodes from the past year, address listener questions, discuss the job market series, and share some questions from previous guests.   On behalf of Shruti and the entire Ideas of India team, thank you for listening to the podcast this year. We're excited to bring you more episodes in 2025.  Recorded November 26th, 2024. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:01:23) - Listener Questions (00:02:27) - Essential readings on the Indian economy (00:04:19) - The economy of eastern India from 1970 to today (00:06:18) - Achieving a “Developed India” (00:09:20) - Alternate paths for economic students (00:014:56) - Suggested dissertation topics for PhD students (00:18:57) - Revising stances on COVID shutdowns (00:24:42) - Problematic TV news programs in India (00:27:57) - Predicting the economic impact of AI (00:30:11) - The South Korean chaebol model (00:38:24) - Karthik Muralidharan: reimagining state capacity (00:41:02) - Aparna Chandra: institutional checks on judicial bias (00:44:03) - Arjun Ramani and Thomas Easton: critical reforms to maintain growth (00:47:29) - Ruchir Sharma: the state of American capitalism (00:51:00) - The Job Market Series (00:54:01) - Questions from Past Guests (00:56:59) - Shifting stances on schooling and drugs (01:02:11) - Law and economics (01:05:36) - “Home” when living in many cultures (01:09:44) - Next up for The 1991 Project (01:11:31) - Personal goals for 2025 (01:16:26) - Thanks and Good Wishes (01:18:29) - Outro

Are bailouts the new “trickle-down” economics? Have government debt and deficits caused capitalism's collapse—thus ending the American Dream?Ruchir Sharma is a well-known columnist for the Financial Times, the author of bestselling books Breakout Nations and The Rise and Fall of Nations, and an investment banker who worked as Morgan Stanley's head of emerging markets for 25 years. His new book, What Went Wrong With Capitalism, traces the roots of current disaffection with our capitalist economy to unabashed stimulus and too much government intervention. Take an example: Sharma writes that the United States federal government has introduced 3,000 new regulations in the last twenty years, and withdrawn just 20 over the same span. He likens the Federal Reserve's constant bailouts—under chairs appointed by presidents from both parties—to the opioid crisis, in which the solution created more problems than the pain it was designed to treat.Sharma joins Bethany and Luigi to explain how constant government intervention leads to inefficient “zombie” firms, higher property prices, housing shortages, massive inequality, and a historic government debt and deficit crisis. Together, they discuss the first step to a cure—a correct diagnosis of the problem—and how to approach the treatment without exacerbating the problems. In the process, they leave us with a renewed understanding of how “pro-business is not the same as pro-capitalism,” a distinction that Sharma says “continues to elude us.”Episode Notes:Link to submit papers for the Stigler Center 2025 Antitrust ConferenceRevisit “Is the Federal Reserve an Engine of Inequality?”, our previous episode on modern monetary theory or the claim that debt doesn't matter.Revisit “Capitalism After the Crisis,” Luigi's article for Foreign Affairs (2009), where he outlines the tensions between a pro-capitalism and a pro-business agenda. Also, check out ProMarket.org, our publication at the Stigler Center that he founded in 2016, with the mission of shedding light on this tension and how to ameliorate it.

Ruchir Sharma, an investor and frequent contributor to the FT, came out and said it the other day: The US stock market is in a bubble. But is it a bubble or just the rational behavior of investors who believe the US really is exceptional? Today on the show, Katie Martin and Rob Armstrong discuss the outlandishly good performance of the US market, and ask how long it can last. Also they go long Elon Musk's pay package and short the transatlantic bug.For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedofferYou can email Robert Armstrong and Katie Martin at unhedged@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Michelle Martin discusses the book What Went Wrong with Capitalism with Ruchir Sharma, Chairman of Rockefeller International and renowned author. Sharma unpacks how government interventions, bailouts, and easy money have created "socialized risk," distorting markets and alienating the public. Explore his fixes to rebalance state support and free markets. Discover insights into capitalism's struggles in the US and Europe and the transformative role of AI in reshaping labour and productivity. Sharma also highlights lessons from Asia's economic models and their varying degrees of state intervention. The conversation begins with Sharma sharing how Singapore's influence on his formative years growing up also shaped the book. See omnystudio.com/listener for privacy information.

It's been one helluva week on the rocket for co-pilot Pearson, as she describes the ‘news tsunami' that has crashed through her life.Your co-pilots talk through the reaction to Allison's story and discuss the principle of free speech in this country.Also boarding the rocket to discuss his new book, ‘What went Wrong with Capitalism', is author Dr Ruchir Sharma who lays out his solution to the relationship between state support and free markets.And there is no shortage of post this week as your co-pilots dive into the rocket's bulging mailbag as readers react to recent events.Read more from Liam: https://www.telegraph.co.uk/authors/liam-halligan/ |Read more from Allison: https://www.telegraph.co.uk/authors/a/ak-ao/allison-pearson/ Read Allison: ‘My week from hell shows that the Britain we love and trust is gone': https://www.telegraph.co.uk/news/2024/11/19/my-week-in-the-eye-of-the-storm/ |Read Susanne Moore: Read Suzanne Moore:' I don't always agree with Allison Pearson but I will defend her right to free speech': https://www.telegraph.co.uk/news/2024/11/20/defending-free-speech-left-right/ |Need help subscribing or reviewing? Learn more about podcasts here: https://www.telegraph.co.uk/radio/podcasts/podcast-can-find-best-ones-listen/ |Email: planetnormal@telegraph.co.uk |For 30 days' free access to The Telegraph: https://www.telegraph.co.uk/normal | Hosted on Acast. See acast.com/privacy for more information.

In this episode we discuss What Went Wrong with Capitalism by Ruchir Sharma What Went Wrong with Capitalism by Ruchir Sharma. Next time we'll discuss The Prophets of Doom by Neema Parvini.

This podcast features CIS Co-Founder and Chairman Emeritus of The Vanguard Group, Jack Brennan, and Ruchir Sharma, Chairman of Rockefeller International and Founder and Chief Investment Officer of Breakout Capital. The panelists discuss Ruchir Sharma's book titled: What Went Wrong with Capitalism. Highlights Survey reveals young Americans favor socialism. Early American financial bailouts began in 1984. Regulation and risk-taking in financial sectors. The paradox of productivity amidst technological boom. Housing affordability as a generational issue. Impact of regulations on business dynamics. Capitalism's role in fostering economic freedom. Major themes of capitalism addressed. Continual cycles and potential market corrections. Rising prominence of private markets. Investor's role in capitalism's future.   Episode Resources Connect with Catholic Investment Services https://catholicinvest.org/about-us/ https://catholicinvest.org/about-us/#board-of-trustees https://catholicinvest.org/contact-us/ https://catholicinvest.org/cis-institute/ 

Serious doubts about capitalism are being raised these days, and for good reason. Too many people are being left behind. But is capitalism really failing? Is socialism the answer? Ruchir Sharma, Chairman of Rockefeller International, says capitalism is being ruined by the expanding role of government. Is he correct? Listen and decide for yourself.

Former fund manager Ruchir Sharma spent most of his career as a money manager on Wall Street. Lately though, he's become a fierce critic of modern capitalism – arguing that the economic system is less fair and less efficient than it has ever been. What's the fix?Produced and presented by Vivienne Nunis(Image: Ruchir Sharma)

In this episode we discuss The Case Against Reality: How Evolution Hid the Truth from Our Eyes by Donald D. Hoffman. Next time we'll discuss What Went Wrong with Capitalism by Ruchir Sharma.

Today my guest is Ruchir Sharma, who is the Chairman of Rockefeller International, a columnist with the Financial Times, and the author of the recent book, What Went Wrong with Capitalism. We talked about American debt levels, US monetary policy, regulation and cronyism, industrial policy, the Indian economy under Modi, and much more. Recorded July 31st, 2024. Read a full transcript enhanced with helpful links. Connect with Ideas of India Follow us on X Follow Shruti on X Click here for the latest Ideas of India episodes sent straight to your inbox. Timestamps (00:00:00) - Intro (00:00:59) - Capitalism in America (00:07:48) - Problems in Monetary Policy (00:17:07) - Elite Consensus and Capitalism (00:21:13) - Crisis and Course Correction (00:27:14) - Credit and Bond Markets in the US (00:33:07) - Industrial Policy in the US (00:38:46) - Misunderstanding Systemic Risk (00:48:18) - Declining Birth Rates and Economic Growth (00:51:00) - Technology versus Regulation (00:58:12) - India's Economic Future (01:00:30) - Modi Government's Economic Policies (01:16:25) - Alternative Ways out of Fiscal Crisis? (01:18:04) - Outro

Capitalism didn't fail—it was ruined, says Ruchir Sharma. In his new book, “What Went Wrong with Capitalism,” Sharma takes you back to the 19th century to illustrate how the reflexes of government have changed. From hands-off to hands-on, from doing too little to help in hard times to trying to prevent anyone from suffering economic […]

Check out Ruchir Sharma's books:- What went wrong with capitalism - https://amzn.to/4gaClIx Democracy on the road - https://amzn.to/3ANRRtw The rise and fall of nations volume 2 - https://amzn.to/4dWjqQk The 10 rules of successful nations - https://amzn.to/4gacf8v Breakout nations - https://amzn.to/3ZcSsiv BeerBiceps SkillHouse का Course Join करने के लिए यहाँ CLICK करें : https://bbsh.io/podcasting-101 BeerBiceps SkillHouse को Social Media पर Follow करे :- YouTube : https://www.youtube.com/channel/UC2-Y36TqZ5MH6N1cWpmsBRQ Instagram : https://www.instagram.com/beerbiceps_skillhouse Website : https://linktr.ee/BeerBiceps_SKillHouse For any other queries EMAIL: support@beerbicepsskillhouse.com In case of any payment-related issues, kindly write to support@tagmango.com Level Supermind - Mind Performance App को Download करिए यहाँ से

What solutions does Ruchir propose for capitalism's problems? Why does government intervention won't fix capitalism? Why is the overhype with America overshadowing other emerging economies? In the latest episode of SparX, we sit down for a conversation with economist and best-selling author Ruchir Sharma on the history, impact, and current state of capitalism. We break down the research and content from his latest book "What Went Wrong With Capitalism". We also explore Ruchir's personal life, his background, and his passion for sprinting. Tune into today's conversation with one of the brightest minds and understand capitalism, its history in the western countries and India. Resource List - Ruchir Sharma Blog: https://ruchirsharma.com/ What is a bailout?: https://www.investopedia.com/terms/b/bailout.asp More about ‘Zombie Companies': https://corporatefinanceinstitute.com/resources/commercial-lending/zombie-company/ Wall Street Journal Article: https://www.wsj.com/articles/the-rescues-ruining-capitalism-11595603720 Breakout Capital Website: https://breakout-capital.com/ What is an Oligopoly: https://en.wikipedia.org/wiki/Oligopoly More About ‘The New Deal': https://en.wikipedia.org/wiki/New_Deal#:~:text=The%20New%20Deal%20was%20a,U.S.%20from%20the%20Great%20Depression. About SparX by Mukesh Bansal SparX is a podcast where we delve into cutting-edge scientific research, stories from impact-makers and tools for unlocking the secrets to human potential and growth. We believe that entrepreneurship, fitness and the science of productivity is at the forefront of the India Story; the country is at the cusp of greatness and at SparX, we wish to make these tools accessible for every generation of Indians to be able to make the most of the opportunities around us. In a new episode every Sunday, our host Mukesh Bansal (Founder Myntra and Cult.fit) will talk to guests from all walks of life and also break down everything he's learnt about the science of impact over the course of his 20-year long career. This is the India Century, and we're enthusiastic to start this journey with you. Follow us on Instagram: / sparxbymukeshbansal Website: https://www.sparxbymukeshbansal.com You can also listen to SparX on all audio platforms Fasion | Outbreak | Courtesy EpidemicSound.com

Ruchir Sharma is a longtime investor and a contributing editor and columnist for The Financial Times, where he writes about global economics, politics, and policy. Ruchir joins Preet to discuss his latest book, What Went Wrong with Capitalism, and what the election will mean for the economy.  Plus, can Trump's public statements be used against him in court? Why didn't special counsel Jack Smith request the reassignment of judge Aileen Cannon in Trump's classified docs case? And, is there a place for humor in the courtroom? For show notes and a transcript of the episode head to: https://cafe.com/stay-tuned/ruchir-sharma-capitalism-book-economy-trump-harris-election/ Have a question for Preet? Ask @PreetBharara on Threads, or Twitter with the hashtag #AskPreet. Email us at staytuned@cafe.com, or call 669-247-7338 to leave a voicemail. Stay Tuned with Preet is brought to you by CAFE and the Vox Media Podcast Network. Learn more about your ad choices. Visit podcastchoices.com/adchoices

What went wrong with capitalism? Ruchir Sharma's account is not like any you will have heard before. He says progressives are right, in part, when they mock modern capitalism as “socialism for the rich.” For a century, governments have expanded in just about every measurable dimension, from spending to regulation and the scale of financial rescues when the economy wobbles. The result is expensive state guarantees for everyone—bailouts for the rich, entitlements for the middle class, welfare for the poor. Taking you back to the 19th century, Sharma shows how completely the reflexes of government have changed: from hands-off to hands-on, from doing too little to help anyone in hard times to today trying to prevent anyone suffering any economic pain, ever. Trading sins of omission and indifference for excesses of spending and meddling, governments from the United States to Europe and Japan have pumped so much money into their economies that financial markets can no longer invest all that capital efficiently. Inadvertently, they have fueled the rise of monopolies, “zombie” firms, and billionaires. They have made capitalism less fair and less efficient, which is slowing economic growth and fueling popular anger. The first step to a cure is a correct diagnosis of the problem. Capitalism has been badly distorted by constant government intervention and the relentless spread of a bailout culture. Building an even bigger state will only double down on what ruined capitalism in the first place. In this episode of BIC Talks, the author, Ruchir Sharma, will be in conversation with Chairman and Co-founder, Infosys and Founding Chairman UIDAI (Aadhaar), Nandan Nilekani. This is an excerpt from a conversation that took place in the BIC premises in August 2024. Subscribe to the BIC Talks Podcast on your favorite podcast app! BIC Talks is available everywhere, including Apple Podcasts, Spotify, Castbox, Overcast, Audible and Amazon Music.

Hear from George Moran, Host & European Economist, Andrzej Szczepaniak, Senior European Economist and Ruchir Sharma, US Economist, as they review the key market drivers over the week ahead. Euro area and US inflation data should tee up central banks for more cutting in September. Chapters: US (02:40), Europe (06:36), Asia (11:29)

On this episode, author and founder of Breakout Capital Ruchir Sharma joins Oren Cass to discuss the consequences when markets fail. The two walk through the history of government intervention in the market, the problems with over-regulation, and how a more populist economics could provide a corrective.For more, check out Sharma's latest book, What Went Wrong with Capitalism.

✈ A quick note: I will be traveling through the middle of the month and will be posting a bit less than usual and perhaps a bit shorter than usual.These days, it seems that critics of capitalism are more prevalent and more vocal than ever. But Ruchir Sharma, author of What Went Wrong with Capitalism, argues that the free market never let us down; our government did. Today on Faster, Please! — The Podcast, Sharma and I discuss the American addiction to “pain management” — unnecessary economic intervention aimed at dulling the effects of the natural ups and downs of a free market, and how it crippled American capitalism.Sharma is chairman of Rockefeller International and the founder and chief investment officer of Breakout Capital. He previously served as head of emerging markets and chief global strategist at Morgan Stanley.In This Episode* Disillusionment (1:20)* Economic booms (6:12)* Pain management (8:49)* Populist policy (14:38)* Catalyzing change (17:32)Below is a lightly edited transcript of our conversationDisillusionment (1:20)Pethokoukis: In the book, you write with some concern about the declining faith in capitalism, really among all Americans, especially Democrats and the young. It may be worrisome, but is it really surprising, given we had a financial crisis . . . hard to believe it was, what, 14 years ago? 15? Well, I guess 16, 2008 . . . Financial crisis, slow recovery. So, for a lot of people, there's a pretty good chunk of their lives where the economy didn't seem to be really zipping along very quickly and making a big change in their lives, so if people are skeptical of capitalism, can you really blame them?Sharma: Well, as I argue in the book, Jim, that the current system we have in place is very far from capitalism. It's a very distorted form of capitalism that we have in place, and the surprise, I think, has to be the fact that, at the headline level, the numbers from the American economy look pretty good, which are the fact that the economy is growing at above two percent, the stock market is booming, America is seen as the center of all the tech innovation, AI, and, compared to its major rivals such as Europe, America seems to be in a much better place. And I think that a lot of people in the Biden administration try to put that out, which is that, “What's the problem, given how well the American economy is doing?”And I think that the polling data is obviously very different. It shows a persistent and consistent decline in faith in the American economy, that the voters and people have, and, as you pointed out at the outset, that a lot of young people, in fact, say that now they prefer socialism to capitalism. So I guess that's the surprise, which is the fact that, at the headline level, the numbers look fine, and especially when you compare it to other countries, and yet, if you look beneath the hood, both the numbers, in terms of polling numbers and then a deeper look at capitalism, which is what I've done in the book, reveal that something is wrong with the system. The general feeling that the average American has, that the system is almost rigged against them, and rigged in favor of Big Business.Clearly one reason people are sort of unhappy is because we had a big surge of inflation, and, even though the rate of inflation has come down, prices are still a lot higher than they remember. But that seems to me to be a temporary aberration. As every day, and month, and year goes by, we'll be a little further from this inflation surge. And then you mentioned all those positive things: in every sort of emerging technology, America seems to be the leader. Is there really a deep problem that will be more or less solved on its own the further we get away from the pandemic and that pandemic-era economy?Well, anything can happen, but I wouldn't bet on that because, as you said, that the decline in the faith in America's brand of capitalism and the number of people who feel that the country's moving in the wrong direction, all that data predates the pandemic. So it's not as if there was a surge in inflation and that suddenly changed people's thinking about the economy and they're feeling much worse off because their real wages got wiped out by inflation. This happened even before that. Through the last 10 or 20 years, you've seen a consistent decline in American faith in the economy, in American faith in government. So this is not just about the near-term inflation data, or even in terms of what's happened in the post-pandemic world, and to bet, therefore, that, with the passage of time, as the pandemic sort of becomes more and more of a distant memory that this is going to change. I think the problems are much deeper, and it shows up in the fact that, as I argue in the book, that economic and social mobility in America today is close to record lows. Only 35 percent of Americans feel today that they're going to be better off than their parents, and when the American Dream was really flowering, that number used to be 70 to 80 percent of people felt that they'd be better off than their parents. So there's a whole host of data to show here that the problem and the disaffection with the economic system is much deeper than just the pandemic-driven surge in inflation.Economic booms (6:12)Is there anything about this economy that four or five years of above-average economic growth won't solve? I sort of recall that in the early '90s, you could have made a very similar case that we had a nasty recession in the early '90s. Some people have forgotten about it, but it was a bad recession. And then we had the Gulf War, and there were a lot of newspaper articles saying that the era of fast growth was over, America just couldn't grow fast anymore, and just as people were convinced that the good days were over, the economy took over, internet boom, tech boom, and we had very rapid growth—and, interestingly, it was also a period of high inequality, but people didn't seem to care so much because the economy was cooking and real wages were rising. So is there anything wrong that a little bit of faster growth couldn't solve?In terms of the fact that I remember living through that era, and I think that if you compare the polling data, it shows the fact that the problems are much deeper now, and the disaffection is much deeper than what was there, in terms of the fact that what solved it back then — even back then, the basic faith in American capitalism was never lost. I think that what's happened now is a feeling that we don't have an equality of opportunity anymore, and that inequality levels now have risen much further than back then. So I think that it's always possible for some hopeful turn to take place, but I'd say that the problems this time are much deeper, and that's what I try and say: Why has this happened? The book is a deep investigation of why has this happened systematically over time. We've gotten to a point now where, across the Western world, leaders are universally, almost, unpopular, and they are also struggling to get reelected. This is happening in Europe, and I argue in the book that capitalism is in worse shape in Europe: much more statist, much more bureaucratic, much more intrusive, and Europe's an even greater regulatory hegemon than America is. So something which is going on across Western societies for this disaffection and feeling that the American government is more pro-business than it is pro-competition, which should be the essence of capitalism.Pain management (8:49)But where do you think it all went wrong?That's the crux of the argument. As the tagline of the book goes, that capitalism did not fail, it was ruined. What ruined it? As I show, that it is the suite of government habits, that how the government's role in American society has come to resemble that of pain management, which is the fact that every time there is the slightest hint of pain, we administer opiates. That's one of the reasons we have the opiate crisis, where people are just hooked to opiates, because at the slightest pain, you give them opiate to relieve the pain without quite solving the underlying cause of the problem. I think, in a similar way, what's happened with American capitalism is the fact that the government has been trying to socialize risk and take risk out of the system to try and mitigate pain, and in doing so, it's got the economy hooked to constant stimulus, constant government intervention, which is leading to a lot of perverse consequences.What are those purpose consequences? One of them, as I've argued in the book, is that productivity has declined. Now remember, capitalism is supposed to generate lots of competition, lead to more creative destruction, lead to an increase in productivity, and productivity is the key to economic growth. But in the last 30 to 40 years, we have seen a big decline in productivity growth across the western world, including in the United States.On the other hand, we have seen a lot of deadwood being kept alive due to all these interventions. The culture of bailouts, the culture of regulation, has kept a lot of deadwood alive in the system, which is not only dampening productivity growth, but it's preventing the entry of new businesses and new firms to come. As a result, the pace of startups in this country today has gone down significantly. It's picked up a bit after the pandemic, but for the last 30 to 40 years, the rate of new startups in this country has declined.So I think that the systematic increase in the government's involvement in the economy has led to these perverse consequences, and those changes are quite recent. The American government was never this involved at a very basic level. The share of government spending in the economy was just three percent a hundred years ago. It has gone up over time, now we're closing in on 40 percent, the government spending, the share of the economy.But it's not just that. The culture of bailouts: America never believed that it should be bailing out private sector enterprises. And yet, from the 1980s onwards, it's been an increased culture of bailouts. Before that, America did not do bailouts of private-sector companies, but once the precedent was set with the large financial sector bailout of 1984 of Continental Illinois, you've seen one bailout after another, and get bigger and bigger with each crisis.And then, of course, you have the entire role that the Fed has played the, US Central Bank, in the way it has tried to micromanage the cycle and always try to act with policies where, on the upside, it's fine if markets rise, but on the downside, it's there to protect and socialize risk, which, once again, has undermined productivity and kept a lot of deadwood and possibly zombie companies alive.So it's this suite of government habits that I think has corroded capitalism and brought us to this position today where capitalism is so distorted.Famously, during the financial crisis, President Bush said, in his own colloquial way, “This sucker is going down.” Would you just have “let this sucker go down” rather than bail out banks back in 2008?Each bailout seems justifiable because, at that point in time, you're in the midst of a crisis, and there's always this fear that if you don't bail out, we will end up being like the liquidationists of the 1929s and lead to a Great Depression. And I think that“Liquidate farmers! Liquidate labor!” Andrew Mellon.Totally correct. But I think that the impulse now is the opposite, which is, “liquefy, liquefy, liquefy.” So even in 2008, if you needed to intervene to prevent a financial crisis, they can argue that was justifiable. But after that, look at what happened: the Fed continued to do quantitative easing, to lift asset prices, thinking that high asset prices will be good for economic growth, whereas it only increased inequality because the owners of asset prices tend to be the rich, and put many aspirants of the property market, or buyers of the property market, it put those things out of reach.And then also the fact that you had, in terms of the last year, when you had the Silicon Valley Bank problems, you intervened again to try and prevent it. And again, the fear is raised that if you don't intervene, you'll have the Great Depression. So I think we need to find a balance here, which is that you've gone from “liquidate, liquidate, liquidate” to now “liquefy, liquefy, liquefy.” And I think that we need to get back to some balance and, yeah, there is a role for government, like in a terrible crisis, but you can't have a government always be there to intervene at this slightest hint of trouble. That is what causes problems.Populist policy (14:38)If we indeed live in a populist political age, I would assume that I would see more intervention, and more bailouts, and more pain-prevention, because that's what populism is. Populism is saying that you've been taken advantage of by the elites, it's not your fault, and if it's not your fault, you shouldn't feel any pain, therefore we will intervene to help you. Government will help you. So wouldn't you expect in the near future just to have more of this kind of thing: more pain-management public policy?I think that you're right that this trend can continue, because the default path of politicians is to keep doing what they've been doing unless there's a crisis which forces them to reverse course and forces, I'd say, American society then to wake up and say, “This is not working.” But to say that this is a populist thing, I'm not sure, because this is the strategy which has been pursued for the last few years, if not decades, which is what I've argued in the book. So if you're going to keep pursuing the same strategy, then you should not expect different outcomes. If the strategy of so-called populism of more intervention was working, then why should so many people be upset with what's going on?I've been in the last few days talking about this book. I'm surprised at how receptive people have been to the idea that it's not the government's business to be bail out private sector companies. It's not the government's business to be instituting 3,000 new regulations a year. The average number of new regulations that the government would put into a year has gone up dramatically over the last couple of decades. Now, again, it is not the job of the government to be putting in so many regulations because the more regulations you put in, the harder it is for small and midsize businesses to thrive, and it creates a barrier to entry, because the cost of regulation has gone up significantly, it can be borne only by big businesses, the average business finds it more difficult. And also the lobbyists, then, are able to rewrite regulations in their favor, and they're hired typically by the Big Tech firms or the people with all the money.I think a populist agenda would favor deregulation. A populist agenda would say that you can't have the Fed run monetary policy which keeps on inflating asset prices, particularly property prices, and makes it harder and harder for Americans to afford a home. And similarly, a populist agenda should be against bailouts, because bailouts typically help the entrenched powerful companies rather than the average person. And as I said, it's time to try something different also because what's been tried so far is clearly not working in terms of making Americans happy.Catalyzing change (17:32)Let me ask you this, then: What do you see, then, that makes you think we're going to do something differently?I don't see anything as yet in terms of that, just because, as I said, the politicians will keep doing the same thing unless there's a crisis. What forces countries to change course, including the countries which are held by liberals as these great paragons of economic virtue like Sweden or the other Nordic countries?The bond market? Is that the action-forcing entity here? Would it be the bond market?Eventually, yes. I think that that's it, which that only when the markets stop financing these incredible deficits do you begin to see a course-correction. But what my book tries and does here is, as I said, the first step to a cure is to at least diagnose the problem correctly. So far, the diagnosis that the Biden administration offered was, “Oh, the government needs to double down because we have had this era of small government for the last 30 to 40 years. We need to double down on what the government's been doing to correct all these problems.” But the problem is this, that we never had an era of small government! So to say that now we need to reverse that era is just wrong. As I demonstrate in the book, capitalism has been about just expanding the government over the last 30 to 40, at least the capitalism practiced by the Western societies in the last few decades.So I would say that you're right that the bond market, eventually, is obviously the ultimate disciplinarian. It did that to Greece, it did that to Sweden, and other countries before that. But we don't seem to be at that point yet, but we could be, because the next time you have an economic downturn in the US, the budget deficit will widen to nine, 10 percent of GDP. As revenues fall, more and automatic spending kicks in, and, after that's done, the ability for interest rates to come down, which typically do to help a country go through a recession, I think will be quite limited in countries such as the United States, because your government spending would've been so high already by then.If I were to put together a short-but-sweet economic agenda to deal with some of these, I might say, “Boy, you're worried about debt and deficits?” I would say, “What we need is a value-added tax and we need to at least lower the projected pace of spending on social security and Medicare.” So Medicare reform, social security reform, a value-added tax—and if I tried running on that agenda, I think they would run me out of town.Since we don't have politicians generally calling for that, isn't the revealed preference of American voters for more of the same: “Don't tax me, but also don't take away my benefits,” and off we go. If there was this deep swell for any change that you think might be there, based on maybe your conversations with folks, wouldn't it be already reflected by our politicians? But I don't see that.Yeah, you're absolutely correct that politicians don't live in a vacuum, they react to a societal chain. But my point is that no one seems to be doing . . . I just pointed out to you that outside of this so-called “tough medicine,” which you just highlighted, there are other things which can be done in terms of drawing the line on bailouts, drawing the line on instituting new regulations. Even Trump came to par, he spoke about the fact that he's going to withdraw two regulations for every one that he puts into place. In the end, though, he ended up putting out as many regulations per year as the Obama administration had done, so there was no change in that.So I think this tough medicine, which is hard to administer, and societies only bear tough medicine once they see an apparent crisis, not something more insidious, like what I'm describing in the book, maybe yes, but there are things, as I said, whether it's got to do with the conduct of monetary policy, or it's got to do with regulation, or the culture of bailouts, I think these things can change, and the American voter will be much more receptive to it.What's the option? That the politicians keep doing what they're doing today, the person in office will keep being unpopular and keep losing elections. As I pointed out in the book, as well, and in one of my FT [Financial Times] columns, that if you look at it, the number of politicians across the Western world who are getting reelected is declining. Typically, if you were in office, you had the platform, that if you stood for reelection, you'd get reelected. In the last few years, being an incumbent has become a disadvantage rather than an advantage. So clearly the people are unhappy, and if the politicians are going to keep doing the same thing, they should be more prepared to lose elections once in office.Well, I think maybe they should be prepared to lose elections. Maybe they all should pray for an AI-driven productivity boom, that'll cover up a lot of bad policy.Yes, we got that briefly in the late '90s and early 2000s when you had a big tech productivity boom, which took place with the internet, but that has faded over time, and as I argue in the book that you can keep doing all this great technological stuff, but if you're going to undermine the fabric of capitalism, the creative-destructive fabric of capitalism with much more government intervention and more statist policies, then you should be prepared also to see a decline in productivity, and that will offset the gains coming from technology like AI.Faster, Please! is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.Micro Reads▶ Business/ Economics* ChatGPT Maker OpenAI Goes Smaller and Cheaper With New AI Tech - WSJ* The Mysterious Slowdown in US Manufacturing Productivity - SSRN* Can the returns from Big Tech's staggering capex live up to the hype? - FT Opinion* Trapped! China and the ‘middle-income trap' - CEPR* The Economic Populists Have a Point - WSJ Opinion* Pandemic Layoffs and the Role of Stay-At-Home Orders - San Francisco Fed* Is Greece's Six-Day Work Week a Harbinger? - Project Syndicate▶ Policy/Politics* Trump's Tariffs Will Send Prices Up Mount McKinley for Americans - Bberg * California is a battleground for AI bills, as Trump plans to curb regulation - Wapo* Trump Is Wrong About Taiwan's Chip Industry - Bberg Opinion* Why planetary problems need a new approach to politics - Aeon* Political chaos rattles clean energy investors - E&E▶ AI/Digital* Data for A.I. Training Is Disappearing Fast, Study Shows - NYT* Generative AI Can Harm Learning - SSRN* The Push to Develop Generative A.I. Without All the Lawsuits - NYT ▶ Biotech/Health* Retinol's anti-ageing effects may work by changing your skin microbes - NS▶ Clean Energy/Climate* AI Is Already Wreaking Havoc on Global Power Systems - Bberg* Our Understanding Of How To Modulate Climate Change Is Ballooning – Issues & Insights ▶ Space/Transportation* Advanced Propulsion Researchers from GE Aerospace Successfully Test Cutting-Edge Dual-Mode Hypersonic Ramjet - The Debrief▶ Substacks/Newsletters* Bad and good arguments for industrial policy - Noahpinion* Forget Adapting to Climate Change - Breakthrough JournalFaster, Please! is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit fasterplease.substack.com/subscribe

Investors closely watching Fed Chair Jay Powell's first day of testimony on Capital Hill. Rockefeller International's Ruchir Sharma breaks down the major takeaways for investors while Goldman's Lindsay Rosner talks the impact in the fixed-income market. Vistra is the third-best performing stock in the S&P 500 so far this year; CEO Jim Burke talks the AI demand story and what else is driving the company's growth. Plus, our Phil LeBeau on the wild swings in used car prices and Julia Boorstin is in in Sun Valley tracking moves in the media sector.

What went wrong with capitalism? Drawing on his decades of experience as a world-leading investor and FT columnist, leading financial analyst Ruchir Sharma offers an insider's perspective, offering a critique of capitalism unlike any you have heard before: that capitalism itself has been corrupted from its original inception, and that less government regulation rather than more might be our most viable solution. In conversation with the FT's Gillian Tett, Sharma dives into how we can save our free markets. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Rockefeller International chairman Ruchir Sharma explains why he believes capitalism is broken and how it can be fixed. He was interviewed by the Cato Institute's Alex Nowrasteh. Learn more about your ad choices. Visit megaphone.fm/adchoices

Rockefeller International chairman Ruchir Sharma explains why he believes capitalism is broken and how it can be fixed. He was interviewed by the Cato Institute's Alex Nowrasteh. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of "The Federalist Radio Hour," Ruchir Sharma, founder of investment firm Breakout Capital and chairman of Rockefeller International, joins Federalist Senior Elections Correspondent Matt Kittle to explain how big business and big government became undeniably intertwined and analyze the effect that relationship has on the American economy.You can find Sharma's book, What Went Wrong with Capitalism, here.If you care about combatting the corrupt media that continue to inflict devastating damage, please give a gift to help The Federalist do the real journalism America needs.

On this episode of “The Federalist Radio Hour,” Ruchir Sharma, founder of investment firm Breakout Capital and chairman of Rockefeller International, joins Federalist Senior Elections Correspondent Matt Kittle to explain how big business and big government became undeniably intertwined and analyze the effect that relationship has on the American economy. You can find Sharma’s book, […]

Hear from Andrew Ticehurst, Host and Australia Economist, Ruchir Sharma, US Economist, and Andrzej Szczepaniak, Senior European Economist as they discuss the key drivers for global markets next week. The focus turns to elections over the coming week, but inflation still matters. Chapters: U.S. (01:15), Europe (05:34), Asia (10:41)

Why are Americans losing faith in capitalism and the American economic system? According to financial writer Ruchir Sharma, it's not a problem with the free market. Sharma joins Charlie to lay out how government bailouts and the "socialization of risk" have let the rich get richer while leading the U.S. state toward stagnation and bankruptcy. It's a crucial conversation about a grave danger facing America in the years to come.Support the show: http://www.charliekirk.com/supportSee omnystudio.com/listener for privacy information.

Why are Americans losing faith in capitalism and the American economic system? According to financial writer Ruchir Sharma, it's not a problem with the free market. Sharma joins Charlie to lay out how government bailouts and the "socialization of risk" have let the rich get richer while leading the U.S. state toward stagnation and bankruptcy. It's a crucial conversation about a grave danger facing America in the years to come.Support the show: http://www.charliekirk.com/supportSee omnystudio.com/listener for privacy information.

Newt talks with Ruchir Sharma, author of the new book "What Went Wrong With Capitalism.” Sharma discusses how capitalism has been distorted by constant government intervention and the spread of a bailout culture. He argues that governments, from the United States to Europe and Japan, have pumped so much money into their economies that financial markets can no longer invest all that capital efficiently. Sharma also discusses his upbringing in India and how it shaped his views on capitalism, as well as his career at Morgan Stanley. He suggests that the solution to current economic issues is to reduce government spending and control, and to reform entitlements.See omnystudio.com/listener for privacy information.

0:00 - Ryne Sandberg statue   9:39 - Handsy Andy Cuomo on Maher: open border policy was a mistake; needed a plan   29:57 - GREAT DISINTEGRATION: Foxx got Big Gulped   46:10 - POTUS debate: Some Unsolicited Advice   01:05:06 - Steven Bucci, visiting fellow in The Heritage Foundation's Allison Center for Foreign Policy Studies, analyzes the new 9/11-related tape of Saudi spy   01:25:29 - The making of a young radical   01:43:16 - The Spectator's Washington editor and author of The Snowflakes' Revolt: How Woke Millennials Hijacked American Media, Amber Duke:  Who can right the RNC ship? Keep updated with Amber on X @ambermarieduke   01:56:24 - Club Pro Guy's golf summer camp   02:00:29 - NYT bestselling author, Financial Times columnist, and Chairman of Rockefeller International, Ruchir Sharma, discusses his new book What Went Wrong with CapitalismSee omnystudio.com/listener for privacy information.

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

Ruchir Sharma, the Chairman of Rockefeller International and Founder and Chief Investment Officer of Breakout Capital, an investment firm focused on emerging markets, joins Scott to discuss his latest book, “What Went Wrong with Capitalism.” Follow Ruchir on X, @ruchirsharma_1.  Algebra of Happiness: happiness awaits.  Follow our podcast across socials @profgpod: Instagram Threads X Reddit Learn more about your ad choices. Visit podcastchoices.com/adchoices

The U.S. Surgeon General wants a tobacco-style warning on social media, and George Clooney, Julia Roberts, and Jimmy Kimmel helped President Biden's campaign raise $30m at a Hollywood fundraiser over the weekend. Author and investor Ruchir Sharma is out with a new book, “What Went Wrong with Capitalism.” He makes a capitalist critique of our economic system in a lively discussion about the government's relationship with private industry. Plus, flight tracking company Hopper says July 4th deals are still on the table; the app's lead economist Hayley Berg explains why prices are down this year, and how to save on a last minute getaway. Ruchir Sharma - 14:10Hayley Berg - 25:53 In this episode:Joe Kernen, @JoeSquawkAndrew Ross Sorkin,@andrewrsorkinBecky Quick,@BeckyQuickKatie Kramer,@Kramer_Katie

Subscribe to The Realignment to access our exclusive Q&A episodes and support the show: https://realignment.supercast.com/Reboot 2024: The New Reality (Use Code REALIGNMENT for a 25% discount on the gala and day-long conference).REALIGNMENT NEWSLETTER: https://therealignment.substack.com/PURCHASE BOOKS AT OUR BOOKSHOP: https://bookshop.org/shop/therealignmentEmail Us: realignmentpod@gmail.comFoundation for American Innovation: https://www.thefai.org/posts/lincoln-becomes-faiRuchir 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.

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.Thanks for listening to the Daily Dennis Prager Podcast. To hear the entire three hours of my radio show as a podcast, commercial-free every single day, become a member of Pragertopia. You'll also get access to 15 years' worth of archives, as well as daily show prep. Subscribe today at Pragertopia dot com.See omnystudio.com/listener for privacy information.

Richard Haass, President Emeritus of the Council on Foreign Relations, joins to break down the newest ceasefire proposal in the Israel-Hamas war, and what will be necessary for lasting peace in Gaza.  Next, the New Yorker's Jonathan Blitzer discusses the Biden Administration's new border policy, its potential political effects, and how the new asylum cap fits into the American immigration system more broadly.  Then, Denise Dresser, professor at the Autonomous Technological Institute of Mexico, tells Fareed about the recent election results in Mexico and explains why she thinks Claudia Sheinbaum's victory is actually a win for autocracy.  Finally, Fareed is joined by investor and author Ruchir Sharma to discuss his new book, “What Went Wrong with Capitalism”.  GUESTS: Richard Haass (@RichardHaass), Jonathan Blitzer (@JonathanBlitzer), Denise Dresser (@DeniseDresserG), Ruchir Sharma  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hear from George Moran, Host & European Economist, Ruchir Sharma, US Economist and Andrzej Szczepaniak, Senior European Economist as they review the key market drivers over the week ahead. Markets eagerly await whether NFP will surprise to the downside for a second month and the ECB to deliver the worst-kept-secret cut. Chapters: U.S. (02:00), Europe (07:50), Asia (12:23)

Rockefeller International Chairman Ruchir Sharma speaks with Bloomberg's David Westin about the upcoming elections in India and the country's economy. See omnystudio.com/listener for privacy information.

Ruchir Sharma on his best ideas for emerging markets. He says investors are following their ABC's: Anything But China. Neuberger Berman's Joe Amato on the investment giant's outlook and what the Fed will do next. Plus, Tradeweb Markets CEO Billy Hult on his recent spree of acquisitions.  

This week, Fareed looks ahead at the new year and the biggest global challenges it will bring. First, Fareed and the panel discuss what the year will bring for the two major wars (in Ukraine and in the Middle East) and some of the world's many major elections (including in the U.S. and Taiwan). Next, Financial Times contributing editor Ruchir Sharma joins Fareed on set in Mumbai to discuss the outlook for the U.S. and global economies. Then, Fareed speaks with Inflection A.I. CEO Mustafa Suleyman to discuss the future of human interaction with artificial intelligence. Learn more about your ad choices. Visit megaphone.fm/adchoices