Philip Cross: Our downward interventionist economic spiral --[Reported by Umva mag]

Investor and author Ruchir Sharma’s new book, What Went Wrong With Capitalism, eloquently details how for decades advanced market economies have strayed from the basic principles of market-based competition and pricing. The result has been slower economic growth — which, ironically, has caused many people to question whether capitalism works anymore, which only leads to more growth-killing interventionism. But what is often attributed to market failure is actually government failure. Read More

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