[Review] What Went Wrong With Capitalism (Ruchir Sharma) Summarized.

What Went Wrong With Capitalism (Ruchir Sharma)

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What Went Wrong with Capitalism by Ruchir Sharma is a 2024 nonfiction economics book that examines why modern capitalism has become less dynamic, less competitive, and more politically contested. Sharma, a global investor and longtime market observer, argues that the core problem is not capitalism failing on its own terms, but governments in advanced economies steadily expanding their role through higher spending, heavier regulation, and repeated rescues of the financial system. The book combines historical comparison, policy critique, and market analysis to show how state intervention has reshaped incentives and weakened productivity growth. It is written for readers who want a clear, data-informed account of the relationship between markets and government, especially those interested in public policy, investing, and the broader economic forces behind inequality, debt, and corporate concentration.