*Book of the Year by Financial Times and Wall Street Journal*

A radical examination by a leading financial analyst, commentator, and investor on the problems of capitalism and how they can be fixed.

What went wrong with capitalism? Ruchir Sharma's explanation is different from what you've ever heard. Progressives are partly right when they mock modern capitalism as “socialism for the rich,” but what has really happened in recent decades is that government in developed countries has expanded in every measurable dimension, from spending and regulations to the scale of bailouts every time the economy was shaken.

The result, Sharma says, is “socialized risk,” costly government-guaranteed programs for everyone—welfare for the poor, entitlements for the middle class, and bailouts for the rich.

Voters express disappointment with capitalism, but a system so distorted by government interventions is a dysfunctional version of free-market ideas. As a result, productivity and economic growth have slowed dramatically, shrinking the pie for everyone and fueling popular anger.

These flaws developed as the government expanded, and creating an even bigger state will only exacerbate the problems. The answer Sharma offers is a series of seven solutions to restore the balance between state support and free markets and pave the way for a more prosperous and happier future.

Pages: 384, Dimensions: 16x16cm