What Went Wrong with Capitalism

Capitalism has fueled what was once the world’s highest standard of living in the U.S., but basics like food, shelter and medical care are increasingly unaffordable for the middle class. In What Went Wrong with Capitalism, Ruchir Sharma, former chief global strategist for Morgan Stanley from 2016 to 2021, explores the role of government intervention in firms and markets, arguing that it reduced dynamism in companies, led to significant growth in private and government debt and paved the way to monopolies. His solution: allowing markets to do business more freely.