Ruchir Sharma on America’s Debt and the Future of Capitalism

Today my guest is Ruchir Sharma, who is the Chairman of Rockefeller International (https://www.rockco.com/bios/ruchir-sh...) , a columnist with the Financial Times (https://www.ft.com/ruchir-sharma) , and the author of the recent book, What Went Wrong with Capitalism (https://www.simonandschuster.com/book...) .


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 (https://www.mercatus.org/ideasofindia...)  enhanced with helpful links.


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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