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What Went Wrong With Capitalism

*A Financial Times and Wall Street Journal Book of the Year*'My book of the year' Alex Bastani, Novara Media; Tom Keene, Bloomberg'Brilliant ... deeply arresting' Lewis Goodall, The News Agents PodcastA radical examination by a leading financial analyst, commentator and investor of the ills of capitalism and how they can be fixedWhat 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 "socialism for the rich," but what really happened in recent decades is that government in developed nations expanded in just about every measurable dimension, from spending and regulation to the sheer scale of its rescues each time the economy wobbled. The result, Sharma says, is "socialized risk," exp…

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