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pure capitalismCNBC
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48% Informative
Ruchir Sharma , Rockefeller International chairman and breakout capital founder and CIO , has a new book out today .
Sharma says capitalism has been ruined by big government and we don't need capitalism 2.0 or some type of low capitalism. We need to return to real capitalism because big government spending, deficits, regulation have spoiled capitalism, he says.
This is a, this is an age-old problem. The lobbyists and everybody who can get a congressman or a congresswoman to listen to them and take their. The number of new startups in this country is actually declining. Economic, social economic and social mobility have declined. The probability of you being a billionaire and becoming entrenched has gone up 40% .
The first step to a cure is to diagnose the problem today , he says.
But I'm saying that you got into first , like all this mess and this disaffection with capitalism because of the way that you have been running government or, you know, for the last 30-40 years .
And I said that the road to hell is paved with good intentions.
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