Sharma: In Every Crisis, Bailouts Get Bigger 

Fed has screwed capitalism by rescuing time and again, failing businesses. Fed has socialized losses of big corps and capitalism applies to small businesses and individuals. They have rained capitalism.

The gap between GDP/capita and wage growth says it all. The rich have taken all the gains.

Rising cost of living is the problem. People are unable to marry early, have family and retire at 60 - 65 years of age.

Socialism exists already, but only for the rich. We’re literally living the Hunger Games here. And note that just because a society calls itself democratic, socialist, or communist, doesn’t mean it is. The worst societies call themselves idealistic, yet only cater to a wealthy few. This system is monarchic/plutocratic only. Hence why it causes so much suffering and fails the majority. When you have a man demanding $53 Billion pay while the majority cannot buy a home, buy food enough to last a month, or even save, something is severely wrong. Money needs to be democratically held to maintain or label your society democratic, in my opinion. After all, there are two systems that truly govern: the economic system and the government. If your economic system is plutocratic (due to the abuse of capitalism leading to massive wealth inequality), it’s not long before your democratic government falls. We see this embodied in Trump, who is now lobbying the wealthy to lobby for him as president and to provide him money to escape his charges in exchange for whatever they want (tax cuts, ESG regression, etc.). Things are also getting worse, not better, which causes more worry and unrest.

It’s not just about economic growth. Also a lot of the government intervention is favouring the rich and well off. Government policy should be set by socioeconomic cost benefit assessment not by lobbying

Everybody wants socialism for themselves and capitalism for others. Everybody thinks only the others are greedy. Everybody wants the rich to be taxed more. Everybody thinks anybody who has more money than them is rich.

It’s also about monopolies, political donations, lobbying and corruption

Nothing went wrong w/ capitalism. It’s doing what it was predicted to do.

The challenge is that socialism has crept in since the Great Depression. We do not have pure capitalism.

Let the recession clear the deadwood, stop bailouts and inflating the asset prices

Why everyone is talking about AMS49X?

Big trees don't let small ones grow up in its shade. They give fruit to take away far from its land. That's how expansion happens.

Neither democracy nor capitalism but perhaps leadership is the problem

I am sure that AMS49X will go 100x just like you said

the super rich know how to dodge taxes.. that's a 40% gain every year. Compound that my friend and you gonna become super rich very quickly

A country has the politicians it deserve

Bought AMS49X at 1$, I will keep it until 2025 when it reach 250$

Isn't a lot of this demographics? The US is younger than Europe. Europe is largely older. Politicians pander to where the votes are and most of the old are not productive at all. Plus so much of US GDP is devoted to healthcare moving to nearly 20%. In Europe it is widely 10% or less. Healthcare requires a whole volume to explain it in the US. Even though twice as much GDP is spent on it life expectancy in the US is less than in Europe.

I agree with everything he said, especially about the government intervention at minute 3:30

If you are not capitalizing, Then we do not live in a free market.

Everybody is against regulations. So the banks make huge profits until playing with junk derivatives causes a global banking crisis (2008). Or until 737MAX planes fall out of the sky. Or until the drinking water of a whole town is poisoned by chemical pollution. I would like to hear which regulations have to be abolished... drinking and driving rules perhaps ? Our society is much more complex than 100 years ago, and if things go wrong they can go wrong on a big scale. And if millennials are unhappy, it has probably more to do with inequality and quality of life than with regulations. Just my two cents.

Great clarity of thought

I am fan of his analysis capability.

The clarity and ambition of Cyberopolis roadmap are impressive. This is a project that knows where it's going and how to get there.

Without ongoing government stimulus the GDP would be falling

Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊

Cyberopolis blend of cutting-edge technology, strategic partnerships, and a vibrant community is a formula for success. Excited for the future.

Good example is SVBank and Credit Suisse.

Very ironic with how media portrays Economic models like socialism/capitalism. Ironically socialism is for the rich and capitalism is for the poor. Few will get this

"Ruchir Sharma" is an anagram for "Hurrah, Racism!!" o/

Rescuing banks is necessary. Other companies, maybe less necessary. And much of the current angst is because lives are harder, which is more because international supply chains never recovered post Covid, and we also got the Russia and China sanctions. It's natural that people's lives get worse.

Socialism can still be capitalism. It just means ensuring sharing the benefits across society not just the rich, I.e. ensuring sufficient redistribution optimised by socioeconomic cost benefit assessment.

Social media. Comparison is the thief of joy.

This book is a very entertaining and long session of mental gymnastics...

The problem will not be solved because the same people will become rich again no matter what you do.

Cyberopolis strategic positioning in the market, combined with its innovative approach, makes it a project with untapped potential.

The young will, when they grow older and smarter, reject socialism and embrace capitalism. It is not rational to be envious.

Rightly said by Ruchir Sharma

Cyberopolis dedication to solving real-world problems with blockchain technology is why I'm all in. This project has purpose and vision.

We are a mixed economy; that being socialism (statism) and capitalism. If the feeling of not getting ahead one needs to introspect of what is at the root of not getting ahead. Do we have too much statism ? I would recommend Capitalism: The Unknown Ideal.

The aim of capitalism is to make the richer, richer and it has succeeded fabulously well.

There's never been capitalism. Politics makes it so

But, look at China where it is the State that is guiding the economy successfully.

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

Your book also talks about bidenomics which has a big challenge from china..

I am not a fan but the measure of happiness vs growth has highlighted the lopsided imaginary selected capitalism.

Wait .. isn’t this the genius who told us not that long ago that Muslim countries would dominate the emerging economy. Par for the course outa MS

As I say in the book…

Investing in Cyberopolis is more than just a financial decision; it's a vote of confidence in a brighter, decentralized future.

What we call socialism is what Europeans call normal. Sick of this gaslighting.

He miscaracterizes the "european model". Welfare state isn't (or shouldn't be at least) about bailouts or central bank markets manipulation... it is about regulation (protecting consumers and employees) and public schooling and healthcare. He's right that limiting small businesses ability to scale by bad regulation and bailouts are against competition and "creative destruction". Key should be correcting that without lowering taxes for the ultra-rich and privatizing schools (which is really not necessary and negative for democracy)

BITCOIN OR GO DOWN WITH THE SHIP

"Capitalism BAD!" "Please buy my book"

I !ove a chicken sharma shish kebab

Do even economists not understand that inflation is money being worth less than it was before? Combine inflation with assets becoming worth more than they were before due to consolidation of capital. Adjust for that and then write another book showing how your first book was idiotic and wrongheaded. If you're capable of figuring out how to use google you only need one quote to figure out the problem. "Liquidate labor, liquidate stocks, liquidate the farmers. … It will purge the rottenness out of the system.” Unless you're going to show me a First World country who was the holder and creator of the world's reserve currency who also went bankrupt, due to inflation and not due to external factors causing systemic failures, then you should not respond. If you have an example I would love to know about it. Nobody else does. Stop spreading misinformation and ignorance. You have the ability to find information proving you wrong. Do that first.

He's right about the symptoms, I'm not so sure about the cure. Americans are indeed increasingly struggling to make ends meet, but the issue is not overregulation and too many bailouts, but rather growing inequality due to overly generous tax cuts to the upper classes and globalization, where many manufacturing jobs have gone to China. He mentions that only financial services was deregulated - which is precisely the sector that brought us the savings and loan debacle in the 1980s and the financial crisis of 2008. Not to mention the 2000 tech bubble under Ayn Rand acolyte Alan Greenspan, chairman of the Federal Reserve (who also presided over the 2008 disaster). He also fails to cite a single firm by name that has supposedly been zombified by bailouts. The solution? Continued reindustrialization as initiated by the Inflation Reduction and CHIPS Acts, tariffs on China which is aggressively dumping its products using technology copied or stolen from the West, and reducing inequality with moderate tax increases on those in the upper brackets. It's no accident that the countries that score at the top of the Happiness and Human Development Indexes are nations like Norway, Sweden, Finland, and Denmark with more equitable tax systems and strong social safety nets.

Hei Sharma, "America" is not a country! ...it is actually the name of our CONTINENT... having 35 sovereign countries and over one billion people! Many American countries are over 100 years older the even Jamestown (our oldest US city). Many Europeans became accustomed to emigrate to North and South America as they sought greater opportunity and freedom. The United States as well as Mexico, Brazil, Argentina, etc. Welcomed millions of Europeans over hundreds of years. During WWII, many Canadians and Unitedstadians plus a smaller amount of Latin Americans were the AMERICANS that helped the Europeans fight against Hitler. The United States does not own America, nor do they speak for the interests of all Americans! Stop this name ignorance!!! I love my country, USA!!! What to call the fine people of the USA? South Americans call us UNITEDSTADIANS! I agree with that!

A typical capitalist is someone who wants more and more, particularly in terms of financial returns, e.g. from a millionaire to becoming a billionaire.

Hei Sharma! "America" is not a country! ...it is actually the name of our CONTINENT... having 35 sovereign countries and over one billion people! Many American countries are over 100 years older the even Jamestown (our oldest US city). Many Europeans became accustomed to emigrate to North and South America as they sought greater opportunity and freedom. The United States as well as Mexico, Brazil, Argentina, etc. Welcomed millions of Europeans over hundreds of years. During WWII, many Canadians and Unitedstadians plus a smaller amount of Latin Americans were the AMERICANS that helped the Europeans fight against Hitler. The United States does not own America, nor do they speak for the interests of all Americans! Stop this name ignorance!!! I love my country, USA!!! What to call the fine people of the USA? South Americans call us UNITEDSTADIANS! I agree with that!

It is funny that not everyone knows about AMS49X

You forgot to add the qualifier, “and, most young people today are genuinely idiots”

My investment portfolios are Bitcoin, ETH and AMS49X