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#486

Ruchir Sharma, author of What Went Wrong with Capitalism, joins The Realignment. In this episode, Ruchir argues that many of America's ills and the populace's rejection of the status quo stems from too little, as opposed to too much market-focused thought, offers a revisionist history of the post-1980s Neoliberal era, makes the case against the rising rate of government bailouts of private industry, and instead offers a vision focused on reducing debt, increasing productivity, and growth-focused deregulation. Subscribe to The Realignment to access our exclusive Q&A episodes and support the show: https://realignment.supercast.com/ Reboot 2024: The New Reality (Use Code REALIGNMENT for a 25% discount on the gala and day-long conference). REALIGNMENT NEWSLETTER: https://therealignment.substack.com/ PURCHASE BOOKS AT OUR BOOKSHOP: https://bookshop.org/shop/therealignment Email Us: [email protected] Foundation for American Innovation: https://www.thefai.org/posts/lincoln-... 0:00 - Introduction 0:58 - What went wrong with Capitalism? 7:31 - Bailouts 17:18 - Political decision making 20:35 - Bailout cycle 24:37 - Why do bailouts happen? 28:25 - American economic history 33:18 - Response to critics 37:30 - What did the government not do? 42:40 - National security & the economy 51:42 - Ruchir’s vision