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008			240618s2024 nyu rb 001 0 eng d
010			_a 2024402480
020			_a9781668008263 _q(hardcover)
020			_z9781668008287 _q(ebook)
035			_a23739297
035			_a(OCoLC)1405187576
040			_aYDX _beng _erda _cYDX _dIEB _dOCO _dOCLCO _dDLC
041			_aeng
042			_alccopycat
050	0	0	_aHB501 _b.S575 2024
082	0	0	_a330.12/2 _223/eng/20240702
100	1		_aSharma, Ruchir _938393
245	1	0	_aWhat went wrong with capitalism / _cRuchir Sharma.
250			_aFirst Simon & Schuster hardcover edition.
264		1	_aNew York : _bSimon & Schuster, _c2024.
264		4	_c©2024
300			_axiv, 368 pages ; _c24 cm
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
504			_aIncludes bibliographical references (pages 297-353) and index.
520			_aCapitalism didn't fail, it was ruined... 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 diagnose 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.
650		0	_aCapitalism _xHistory.
650		0	_aCapitalism _xPolitical aspects.
651		0	_aUnited States _xEconomic conditions.
651		0	_aUnited States _xEconomic policy.
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999			_c124022 _d124022