{"product_id":"what-went-wrong-with-capitalism-9781668008263","title":"What Went Wrong with Capitalism","description":"\u003cb\u003eA century of expanding government has distorted financial markets, stoked massive inequality, and soaked America in debt.\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003eCapitalism didn't fail, it was ruined... \u003cp\u003e\u003c\/p\u003eWhat 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. \u003cp\u003e\u003c\/p\u003eTaking 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. \u003cp\u003e\u003c\/p\u003eInadvertently, 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.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Simon \u0026amp; Schuster\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 06\/11\/2024\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9781668008263\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 384\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.44lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 1.15d\u003cbr\u003e\u003cbr\u003e\u003cstrong\u003eReview Citations: \u003c\/strong\u003e\u003ci\u003ePublishers Weekly\u003c\/i\u003e 04\/01\/2024\u003cbr\u003e\u003ci\u003eKirkus Reviews\u003c\/i\u003e 04\/15\/2024\u003cbr\u003e","brand":"Ruchir Sharma","offers":[{"title":"Default Title","offer_id":43972182147253,"sku":"9781668008263","price":25.5,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0473\/0804\/6492\/files\/img_dc4f872d-6fed-4036-b802-7b654661a99e.jpg?v=1713282435","url":"https:\/\/pastforward.org\/products\/what-went-wrong-with-capitalism-9781668008263","provider":"Past Forward","version":"1.0","type":"link"}