Economist Ruchir Sharma ने Saurabh Dwivedi के सामने अमेरिका-चीन की तरक्की का सच खोल दिया| Kitabwala
ฝัง
- เผยแพร่เมื่อ 15 ก.ย. 2024
- खबरों को विस्तार से पढ़ने के लिए क्लिक करे यहां- www.thelallant...
Welcome to Kitabwala, Lallantop's weekly show where we chat with authors about their latest books. This week, we’re diving into Ruchir Sharma's eye-opening book on capitalism. In an interview with Saurabh Dwivedi, Sharma argues that modern capitalism has gone off track, not because of too little government, but because the government has been involved too much. From huge bailouts for the wealthy to extensive regulations and safety nets for everyone else, Sharma calls this "socialized risk."
He explores how this distortion of capitalism has contributed to slowing economic growth and rising discontent, especially in the context of recent U.S. elections, including those involving Biden and historical figures like Carter. Sharma believes that instead of more government intervention, a series of seven key changes could restore balance and revitalize the economy.
About Ruchir Sharma:
Ruchir Sharma is the chairman of Rockefeller International and the founder of Breakout Capital. After 25 years at Morgan Stanley, Sharma moved to Rockefeller in 2022. He also writes for the Financial Times and has penned several influential books like "Breakout Nations" and "The Rise and Fall of Nations."
Instagram: / thelallantop
Facebook: / thelallantop
Twitter: / thelallantop
Produced By: The Lallantop
Edited By: Radhe
I think this is one of the best interviews on Economy. I hear Mr Sharma regularly on US CNBC where he is a frequent guest. But he only gets few minutes. Impressed with Surabh, he was fully prepared and had done his homework. There is a lot to digest from this interview. Great observation on what will be next dominant currency. There were several sub topics that could have a full interview. Great Job. Wishing you well. As to what I am reading. Begums, Thugs and White Mughals. Fanny Parker wrote about her travels while in India.
P
Poor knowledge author and poor question by interviewer
@@prahladdsharma3672All this considers the people of India as idiots. Either he does not understand economics or he himself is brokering the corporate. He will write for the corporate and will die while brokering the corporate.
Some examples please else its a poor comment@@prahladdsharma3672
Ruchir Sharma does not seem to know there is so much cronyism going on in the name of capitalism. He may be on some agenda.
100% marks given for the efforts given on speaking in Hindi by Ruchir Sharma....
Yes, indeed
Humble Request to Sound Engineer of Lallantop: When Saurabh's natural voice is louder than that of guest, You must reduce his mic volume accordingly. Kindly balance out the overall loudness levels. This is a very bare minimum expectation from Lallantop.
Completely agree with ur point of view.
Exactly
He is the most amazing person I have ever heard. He is 98 % accurate when it comes to analysis
तो आप अपने आपको 100% समझते है
@@bhupati_sharma 😂😂😂kuch aur tark nahi mila dene ko toh mujhe he callout kar dia , ye b sahi hai. Baki agar field ki baat rahi toh sciences mein kuch bhi 100 percent nahi hota , aur jo baat maine kahi hai , vo inke analysis ki hai . Baki ap bade buzurg hain, apko zyada gyan hai
Men who the hell are you to judge him he is investment banker
@@uditsharma7855 does itMakes himBetter thanManmohanSingh/AdamSmith.
@@Shiva-zj6od Lol, typical Congressi logic. What did Manmohan do? He liberalized the Indian economy from the Congress socialist economy. Go and read about the License Raj. PV and Manmohan did the same thing that Communist China did in the '80s. Lol, even a communist country was more capitalist than India during that time. It was common sense at that time, but India should have opened up its economy long before, especially when we already saw one socialist economy after another failing around the world.
despite of being settled in USA for past 22 years, ruchir sharma is speaking such nice Hindi. Ek yahan ke chapri log hain English medium me padh liya to apni bhashao se nafrat aur sharm hone lagti hai
Chapri
Bhai yeh word kaise invent hua hai
Ye kaisi baat hay? Kya koi Japan me jaake Japani ho jayega?
India is central oriented govt., because it is method of holding states together as a country , because Indian independence is limited type where the interests of the old masters.
Good Example - Ravi Kishan
@@suhridbhinder6762That's not true. In India, state governments have a lot of power when it comes to setting up industries or businesses. That's why you can see that even during the UPA time, Gujarat grew very well, and even during the NDA time, Tamil Nadu is growing very well. Another example would be Punjab and West Bengal. Both were among the biggest industrial power hubs in Asia during Independence, but later, both were ruined by their own state governments.
Brilliant economist. America took 100 years to achieve its level of prosperity, China being communist about 30 to 40 years. We in India may need between 75 to 125 years,being a vibrant democracy.Problem with the main currency rival to the dollar is not the strength of its currency but the nature of its political system
China is a capitalist economy , they are socialist politically.
It's about money printing. The one who does not print will win. Or who adopts bitcoin first. ElSalvador has a lead now.
@@pulkitsharma828 in this case the US has the machine which prints dollars. Each time they print currency a small percentage of the cost which increases in oil prices and other commodities paid for in dollars, rest of the world pays a bit more. Problem with global currency being acceptable to all is there should be no border disputes,etc. Half of Asia,has boundary disputes with China.No way we or many other countries especially in Europe will accept the Chinese currency as global tender,apart from the fact that they too are suspected of currency manipulation.So while Ruchir Sharma is right historically but seems difficult in today's scenario
@@SkSingh-tu8un true, that's why only a neutral currency can win. Gold is mostly neutral but hard to trade with and verify. Txns have to move digital. Bitcoin is the only neutral commodity/currency that solves this and should be acceptable to all. But govts won't do that since they lose money printing power.
@@pulkitsharma828 frankly I do not have much knowledge of Bitcoin and how it works.At a future date it may indeed get universal acceptability but really wonder how large illiterate populations in many parts of the world will use it. Still it may be a future currency at least for some instruments like government bonds, etc.
Simple explanation: Anything in extreme is bad, whether capitalism or socialism. Balance is the key
right
Yep right I too admire his approach I think he and raghuram rajan are the best of current economist .. when congress comes to power they should hire these as advisers !
Ofcourse, I believe since 91, we’ve followed this approach a lot. Moving out of the country, I’ve realized this a lot drawing parallels with the countries I moved to
Wtong both socialism and capitalism are same . You are stupid if you both are different
@@prahladdsharma3672That's why someone should not bunk their economic class during school time, otherwise they will end up saying socialism and communism are the same😅.
dont label him as bhakt
he criticized bjp and its policies too
neither he is bhakt nor chamcha
so watch him, analyse and chill.
Indian people only see politics in everything😂😂
अरे भाई वो अंधभक्त तो किसी भी स्थिति में नही हो सकता कारण है वो वामपंथी "रॉकफेलर्स" संस्था से जुड़ा हुआ है।
True
He isSoftBjpBhakt, desntEven knowsAbout indianEconomy.
@@Shiva-zj6od aur tum log dusro ko andhbakht bolte ho 🤣
Wow Ruchir Sharma with a Hindi interview..
Thank you soo much !
Bhaisahab, yeh interview karke aapne long term wale Economist, Policy, reform ko padhne wale ka dil jeet liya hain. Shaandaar interview
Saurabh defines passion for journalism 🙏
Your comment defines extreme of simping 😂
You are either a paid comment writer or a chaatukaar
All these things are easily possible when people are smart,sensible, unified and patriotic...we Indians lack all😅
True
Problem with Indian private they don't want pay decent salaries.
Absolutely Right
Come on , India is the most populated country, supply for labour is very high. people are willing to work for less than minimum wages. If you don't work for that position someone else will.
Its just a matter of demand and supply, if there would be more people to do same work, wages would be less, make your profile unique to get more wages.
After spending lakhs on rupees on Teacher degrees ,, people here in U.P become private teacher with monthly salary of ₹ 5000/month
@@krishanrathi9119 lol,unkaBas chaleToFreeMe kaamKaraLe. ItsJustSome GovtLaws whichDoesntAllows toThem toDoThat. SupplyToKamHiHai firInxomeKyunBadateNahi.
One of the sharpest man in the world economics. I have read his one other book. Good writer too.
बोहोत अच्छा लगा ये एपिसोड बोहोत कुछ मालूम पड़ा देश और दुनिया के बारे में 🙏🙏 शुक्रिया
In 2018 when I started watching Lallantop I started believing this is the true Journalism,Probably subscribers were 16-17million but now i am more happy to see U guys grew to 30million . May ur channel cross 50million soon bt dont loose rationality
Rahul Gandhi saw this video and said
"Aaj maine youtube pe interview dekha, dono log Brahmin, ek bhi OBC, dalit nahin. Main ek dum chaunk gaya ki ye kya ho rha hai is desh me? "
I am for privatisation if Govt is going to put money into science and technology research and development. This is the key area that made America what it is and created new industries. If it's let to private funding no pure science research will ever happen and we will be a stagnant species. What would a zombie company look like in terms of Farming and agriculture. Will small scale farmers be classified in this category?
Total Usa research spending: 806 bn $
Private spending: 693 bn $ (86%)
Public spending:113 bn $ (14%)
@@kenokyu7227 Most of the money the Pvt sector is spending goes to a few limited sector and that too they fund projects close to commercialisation. Sadly very little funding comes from Pvt sector that are aimed at basic science research. This is the point that I was making in my earlier comment. It is in the same report from where you got the above number. Also these are the present numbers, please see how this metric evolved over time. Yes Pvt is increasing its share but public funding in basic science is the reason these large tech giants exists in the first place.
Key areas to focus are providing safe footpaths, working sewage systems, basic health among others. Money can flow more if wealth tax can be increased and dedicated to key areas as mentioned.
रुचिर जी का ज्ञान किताबी विश्लेषण पर आधारित है प्रैक्टिकल आधार है ही नही, ऐसा लगता है कई देशो की इकोनॉमिक्स की साप्ताहिक मैगज़ीन को एडिट करके एक मैगज़ीन बना ली
शुक्रिया मेरे विचारों को शब्द देने के लिए ! स्वीडन ताइवान अमरीका और यूरोप को लेकर उनका विश्लेषण भले कुछ हद तक शायद सटीक है लेकिन भारतीय अर्थव्यवस्था को लेकर इनके सोचने के तरीक़े से मैं इतेफ़ाक़ नहीं रखती - भारत की आर्थिक विषमता चिंता का विषय है , मूलभूत सुविधाओं का अभाव भी - शिक्षण संस्थाओं का गिरता स्तर और चिकित्सा के बढ़ते खर्च को हम ये कह कर नज़रअंदाज़ नहीं कर सकते कि “ number of billionaires have increased in India “
@@RandomThothe's been living out of India for 2 decades.. its evident he's not an expert on all the nuances.. bt his insights are helpful too..
@@varsharajput4166 Hmm.. if he is invited as a "world famous economist" I would expect a deeper understanding of the subject matter , nevertheless I do acknowledge that his book is not specifically about Indian economy so I mentioned that his analysis for other geographies may be somewhat accurate
Absolutely right, you get the same feeling while reading his books
Infact his books are not relevant for more than that very financial year 😂😂😂
Socialism is not a good option , even china is a capitalist economy , they have opted socialism only as a political system.
Khauf itna hai ke Sector ka naam lene me darr lag raha hai. 🤡
He is not a genuine intellectual, who cannot say without fears.
One of the best interviews. No politics pure economic..
Saurabh bhai , Namaskar , you are doing very good work ... stay same stay blessed.
An Informative and worth watch interview.Very Nice Saurabh and Ruchir 👏👏
बहुत देर से इनको पूंजीवाद की कमियों के बारे में पता चला है। अभी तक ये अन्य विचारधाराओं में कमियां निकालते थे और पूंजीवाद या अगर उनकी किताबों को पढ़ा जाए तो घूमंतू पूंजी निवेश के स्वयंभू ध्वजवाहक रहे हैं। इनकी पिछली किताबों में अर्थव्यवस्था को देखना का एक बहुत संकीर्ण और सीमित नजरिया दिखता है। ये बातचीत, नजरिया का बदलाव ना होकर किताब बेचने की प्रचार प्रसार भर लगता है।।
Excellent interaction
Meritocracy hai.. Reservation ka chutiyaapa nhi hai udhar😂
ये ठीकरा रिजर्वेशन पे क्यों डाल रहे हो भाई, जो important department हैँ वहाँ रिजर्वेशन लागु ही नही होता, सभी department के जो बड़े पद हैँ, जितने भी key decision policy making body हैँ उसमे so called meritधारी लोग ही 1947 से आज 2024 तक रहे हैँ। खुद की लालच, reserved सीटों की चोरी और बेईमानी और जो इनके नाकामी के वजह से देश पीछे रह गया और तमाम दूसरे जो failure रहे हैँ कितनी बेशर्मी के साथ छुपा लेते हैँ ये so called मेरिटधारी लोग और ठीकरा रिजर्वेशन पर डाल देते हैँ
Dwivedi ji maza aa jata h apke shows dekh kr interview dekh krr.. Dil khush kr ditta prava❤
Only capitalism can make India rich
No,
Yes it’s true but the problem is it will make most of the people poorer
Capitalism सबसे बढिया नही है, इससे अच्छा और भी विचार है
No communism like China.
@@bhupati_sharma Socialism at the end leads to redistribution of poverty!
Excellent coverage. Thanks for bringing such learned people in kitabwala ❤
Sharmaji ko bahut dhanyavaad
The more I watch such valuable peices the more I feel that the inequality of mindset is more in India than the inequality of income 😢 keep it up lalantop 🎉
this intreview shoes mirror to left liberal & our Great P.M. on right path
I absolutely love how Sourabh ji is so secure about himself. Messing up a pronunciation in the middle of the show and being very calm about it. Absolutely admire it 🙏
Countries will develop who have better and permanent laws , rules and regulations not like us demonetisation , tax terrorism freebies, red tapeissm too much politics less work
Nice to hear him as always. One of the great minds Ruchir sir... and a great fan of his writings - books n articles..
वहाँ अपने लोगों को कीड़े मकोड़े समझ कर उनको लूटा नहीं जाता यहाँ तो घर बार बिकवा दें लोगों का तब तक तसल्ली नहीं होती।
Thank you 🙏🙏🙏
Pleasure & Insightful to listen to Ruchir Sharma and his socio-economic interventions 👍
India at this time doesnt need cultural renassance but an economic renassance.
Great achievement to bring this economist on show.
Indian manufactureres fall very short of International quality standards specially those of chinese and europeans.
We continuosly make substandard products.
Bho time ke sath theek ho Jata hai . China ko Dekho . Important ye hai manufacturing grow kare .
@@Real982ax Definitely! But with pace india is growing it will take 50 yrs where China is currently, excluding wars, recession and mean age of youth which is @ 33 yrs right now.
Switzerland has no army, very low spend on defense. Taiwan had a similar scenario in 1990s where they grew, now situation is changing and Taiwan is struggling. India spends a big amount in defense and that pulls India down and India has no other choice. But India still has to find a balance for growth
ठेका पद्धति से भारत में ठेका सिर्फ अंबानी और अदानी ही ले सकते हैं
Cost deduction is the main rule.
ज़रा License Raj गूगल करके चेक करना 😂 पता चलेगा तुम्हारे राजघराने की करतूतें।
@@SumitKumar-yw3pb license raj se parivar ko kaise fayda hota ?? Fayda toh tab jo modi adani ki deal mein hua.
@@sumitbhattacharya4402 acha ye batao, ambani 2014 me peda hua kya? 2014 se pahle bhi to yehi sabse rich family thi, ager ye log itne hi currpt hai to License Raj ke time Dirubhai Ambani ko kyu congress se koi dikat nehi aayi?
@@sumitbhattacharya4402 or aj to fir bhi Ola, OYO, Flipkart jase 100+ unicorns hai India me pahle License Raj ke time to bas unhi ko business krna allow hota tha to Gandhi family ke sath ho, tab to sarkar ki puri monoply thi market me.
Ruchir Sharma’s views are ever so important to understand not only the economy but also the social and political changes in the offing. Saurabh Diwedi is a master for interviewer and I loved the entire episode. I will also wait for him in the Guest Room. 😍😍
If you want to understand this show then first study BASICS OF MICRO AND MACRO ECONOMICS
आर्थिक असमानता ही भारत की सबसे बड़ी समस्या है सरकार इसे कम करने आ प्रयास नहीं करतीं है उलटे सरकार आर्थिक बिषमता को बढा़वा दे रहीं है
ओशो ने बहुत पहले कहा था. धर्म विकसित /धनी वर्ग द्वारा अपनाया जायेगा भारत में तो भगवान से केवल मांग ही मांग करते हैं. धनिक मांगेगा नहीं बल्कि औरों को दान करेगा. अतः भारत को सोशलिज्म बन जाना बचकाना होगा अतः यदि अमेरिकन सोशलिज्म पसन्द करें तो गलत नहीं है.
His mannerisms n way of speaking remind of our hon'ble CJI
Chanakya economy best hhhhh
Interview with one of the deepest Minds on Economics. Thanks a lot.
Simply proud of Lallantop 🤗.. amazing to see Keinzien economics on our favourite platform... what an amazing journey Saurabh bhai your intellectual innocence...
Mixed economy hi sahi hai, jaisa trend waisi policy hi india ke liye sahi h
Mixed economy Nehru Indira Rajiv gandhi time mein thi.. economy was growing at 2% during that time!!
Will forward your message to sitharaman mam
@@msdadsfsx 😂😂
Jiske pass paisa h capitalism ko support karega jiske pass nhi socialism ko
@@mangalhembrom190 at the end socialism leads to redistribution of poverty! Makes the Rich poor while poor poorer!!
Thankyou Saurabh ji for such amazing personalities and I specially like the Kitabwala section as a guide for my bringing good reads to my library 💫
निजी क्षेत्र कंपनी को ऋण माफ बेल आऊट के नाम रेवेडी बाटना रोजगार बचाना जब पब्लिक सेक्टर को सहयता दे धन लूट रहा जबकि ये वास्तव में रोजगार देता है
Thanks, Saurabh, for inviting Mr. Sharma and asking such valuable questions. I have a question for all the Indians here: Why is India lagging behind? At one point in time, India and China were on a similar track, but now China’s economy is 5 times bigger, and the U.S. is 10 times larger. This is not a small issue, and we need to have a serious discussion about it.
Capitalism without corruption is like religion without hell.
socialism without corruption, is impossible. it's the socialism that destroy our country, West Bengal
But capitilism kills nature and life on earth day by day.@@PodcastExplorers00
Wonderful interview and will add the book to reading list.
Socialism prefer karte kyun capitalism ki richness mein socialism poetric dream lagta hai.
Income inequality k karan. Or crony capitalism k karan bhi unlogo ko lgta. But udhr india k jitna paiso k lalach me govt offices Hera pheri ni krte chand paiso k liye
Communism is best like China.
Wow, Ruchir Sharma....thanks to Lallantop for bringing this gem of financial market and of the economies ...❤❤❤❤❤❤ Bahug se logo ko aaj bahut kuch seekhne ko milega, ussme main bhi hoon...
India me capitalism aya hi nhi kabhi
Any sources you could cite? Genuine ask here.
@@noneofyourbeeswax23 Defination of capitalism is enough to prove.an economic and political system in which property, business, and industry are controlled by private owners rather than by the state.
@@anuragrao5774 Well, I asked if you could cite some sources and research articles written by scholars in the field who could support what you are claiming, not the definition of capitalism.
@@noneofyourbeeswax23 How you can be such ignorant. If defination of a object doesn't describe it. That's enough to prove. Sun is sun , moon is moon do you need a article of some person to tell you that.
@@anuragrao5774 You needed an explanation of capitalism from someone of higher intelligence, who themselves researched and defined it, then you studied about it and are replying here, aren’t you? Or is the definition of capitalism written somewhere like how ‘sun is sun and moon is moon’? Using illogical phrases of celestial objects like Sun and Moon which are hard realities to draw parallels with how capitalism didn’t come in India, I think that says a lot about you. Also, learn some grammar before economics.
Again TQ lallantop team
This is very helpful to common people to knowing basic concepts in every discipline ❤❤
39:34 india mein bhi hota but tumhe sab mein reservation chahiye 50+% reservation toh hai ,undeserved kam mark Wale ko chance doge toh kya banoge ghanta.
Saurabh ji covid ke karan mandi jo aayi hai vo bahut hi unexpected mandi thi even mandi aa bhi rhai ho bina covid ke. Kaam chalte hue mandi. Aur ekdam lockup band mai mandi bahut difference hai
India me to ulta UPS chalu kar di. It can never be grow.
Sarkari ko aur Sarkari bana diya
भारत अपने देश के अंदर के गद्दारों के कारण गुलाम बना और लूटा गया 😢😢😢😢😢😢😢
aise Economist ka desh me koi yogdaan nhi hai
Finally someone is saying the truth as it should be.
Kochland is another insightful book that traces the history of "big government" and how the macro environment started favouring companies equipped to navigate the maze of government regulations and complexity, which lead to financialization and an obsession with stock prices, that eventually caused the demise of American manufacturing.
स्पेशलिस्ट को लेकर आए 😂
अबे आरक्षण कौन देखेगा😂
I'm currently reading The Myth of Normal by Dr. Gabor Maté. I wish such titles were also translated into Indian languages to increase their reach. The book has a lot to offer in terms of improving our understanding that 'normal' doesn't necessarily mean healthy. I think its relevance isn't bound by a specific culture, and it could potentially change the way we talk about well-being in society, incorporating social, emotional, psychological, and other facets of a person."
वामपंथी का ज्ञान देने आ गया है भाई ये भारत है 140 करोड़ आबादी हे बात अमेरीका की कर रहा इससे पहले भी कई किताब वाले आए और गये इससे आम जनमानस को कोई फर्क नहीं पड़ता है न ही पड़ेगा कोण पढ़ता हे
इससे पहले भी एक रिजर्व बैंक के गवर्नर रघुनाथ राजन भी कई भविष्य वाणी कर चुके थे वो भी अपने को भारत के वेगा बाबा समझते थे भाई बात करो आम जनता की
पर साहब अपी भे ये वापंथियोने बनाये हुए yotube पर देख रहे है, ऑर वांपांथी देशो मे विकसित हुई technology जिंदगिभर use कर रहे हैं.😅
He will sell some books to make money
अद्भुत ज्ञान प्राप्त हुआ।
बहुत ही शानदार शो ❤️🙏
Great Indian platform who are craving for news and knowledge
Great interview LallanTop Ji!
Love you both! ❤
Very educative and even fascinating.
Lallantop bahut achi lallantop news lati hai mere papa is channel ka ek eposides dekhte hai me chata hun ki ye channel hamesa aise chalte rahe ❤❤❤
Superb. LET facts speak FOR itself. Ruchir is always ON the side OF facts, in Economics and even Politics. His book --
Democracy on the Road
Is on grass root politics.
Spot on. What a sad state of affair - hope our citizens take cognizance of the reality. Insightful interview.
Need more episods on capitalism. Indian need this insted of Jatiwad
Dil khush kar dete ho sir aise interview leke man khush ho jata jab aisi knowledgeable baten sunne ko milti hai dil se dhanyawad sourabh dwivedi sir ko ❤❤❤🎉🎉🎉🎉
लड़ना तो अपनों से पड़ता है
गैर तो जलकर खुद ही खाक हो जाएंगे
लेखक -पवन कुमार बघेल टूंडला
❤❤❤❤❤❤❤❤
Read Ruchir Sharma's last Democracy Travel book named "Democracy on the Road" which clearly shows that he is not Modi-Bhakt, but with his open-mind American culture, in this interview he admired Modi's few economic policies. In that book he had clearly contended as to why Modi did not entertain Ruchir and his Journalist Friends who had asked Modi on Godhra & Gujarat Riots. Right now reading "Bombay Stories" by Saadat Manto.
Best interview so far❤❤. Thanks lallantop. I shall purchase this book as my birthday gift!!
Thank you lallantop for bringing such people on your platform to enhance the understanding and knowledge
Ruchir sir ने बड़े बेबाक तरीके से जहाँ जरूरत पड़ी वहाँ तारीफ़ की है वर्तमान सरकार के कार्यप्रणाली और कार्यों से हुए सकारात्मक नतीजों के विषय में। इन बातों पर मुखर दिखे लेकिन! जब आलोचना और कमियों की ज़िक़्र हुई वहाँ डर डर कर और रुक रुक कर बात को शब्दों को और तथ्यों को छिपाते हुए दिखे।
इतना डर कर आज इस देश में एक रिसर्चेर जी रहा है, यही सच्चाई है इस सरकार की और इस देश के वोटर्स को मतदाताओ को क्या ही इशारा किया जाए।
मतदाता नही हम सब एक देश के कर्ताधरता भी हैं।
सनद रहे. ..
जय हिंद 🇮🇳 जय भारत
The American education system has been usurped by the Marxists for over 60 years that is why socialist ideology is gaining traction there. Before the 1990s when India opened its market many factories were state-run and were running in losses. People have forgotten what those times were. India has to mortgage its gold reserves. A country where people are ingrained with entitled casteism and some weaponize it can never develop. There was a time when India had 1647 castes and sub castes according to the 1901 census, by 2011 the number increased to 46 Lakhs. Yes, you heard it right we have 46 Lakhs castes and sub castes in this country. Of which about 4000 come under reservation. Out of which 3500 have taken all the benefits of reservation and 1500 of them are still where they were decades ago. Now, you have less than 1 Crore government jobs in the whole country. And all of these castes and sub castes are clambering for those. Now in such a system how can you find meritocracy and do you think such a system can ever make India a developed country? The government recently tried to get some expert technocrats as advisors with lateral entries. What did some opportunist politicians do? Get caste reservation into the whole process. The government tried to reform the agriculture sector. We all know what happened then. So just dividing the whole discussion between capitalism or socialism is not enough. There are far bigger lacunas in the Indian social system and culture. As far as America is concerned, there was a term used in the past "American Dream." It means that if you have an idea and a will to work hard the system will give you every opportunity to succeed. This promoted entrepreneurship which led to the formation of big conglomerates in the US. Today, with the advent of socialist and Marxist ideologies that dream is dead. Trump in his speech has emphasized this again and again. In fact, his whole campaign MAGA is based on the fact that he wants to bring that American Dream back. China on the other hand is the extreme form of both socialism and capitalism. It is a hybrid model. It is a known fact that many Chinese conglomerates have people associated with CCP as owners. And that the government literally runs sweat shops where people are made to work to the bone. Now, do I think both these models can work in India's context? The answer is no. An average Indian doesn't have an entrepreneurial mindset. He wants a job and for him or her a job is sarkari naukari. So the erstwhile American model doesn't work. For the Chinese model to work, India would need a dictatorship the chances of which are next to nil. So, India will be where it is, neither developed nor underdeveloped, always developing.
I was waiting for this moment ....I read every book of Ruchir Sharma
This was very informative, and a good interview with no fluff.. Looking forward to read the book.
What a billionaire point you noted, I loved to hear from a renowed economist that, "Indian government sey ho nahi payega", because Indian expenses for Reaserch and Development is very low comparitevely and it's very important to understand that how TAIWAN uplifted their economy.
Indian government is working only for the reasons and solutions of their respective terms and powers or for the chair.
Indian government became impotent in my harsh words, only because of their arrogance and their compulsion of protecting their chair (governance).
Indian government is concentrated in the context of capitalism which is fatal and again Indian government is incompetant to spend appropriate capital for research and development.
It's also true that left and right both governance has no bigger difference in the economic context, whereas, they are having their fight regarding religion and region which shows how deadly they are forced to compete for the power first.
Bhajpa is the worm which stimulated the pillars of our contry's economy with their competant arguments regarding capitalism, religion, education, hospitality etc and BHAJPA fooled Indian generations with their arrogant policies after Late Atal Jee especially.
I would like to state that congress ideology is far better than this religious party because congress is a political party which bilieves in strenghting the pillars of education (research and development), industry, health, economy, armed forces, IT etc.
This arrogant government is focused on shining India in the name of burglary with slogans like "Made in India - Not Made by India" and hiding its uncementry constructions by fixing shining glasses despite of strengthing the construction with time, money, research and expertise.
Eventough, don't feel bad for this incompetant government of India just be positive and live for it, just try your level best and live for Indian economy.
Wishing everyone with my penny pocket.
JaiHind 🇮🇳 JaiBharat
Good interview Saurabh!
Saurabh ji, Always love your deep, insightful discussion in Kitaabwala. ❤
I find it very productive time spent as viewer. 🙏
बहुत अज़ीब है ये बात कि India में Billionaires और उनके wealth manifestation का विरोध नहीं होता है जबकि अमेरिका में public का ज़बरदस्त dissent होता है, तो भाई बात ये है कि India में huge disparity है super rich और बाक़ी में, They are so weak to express their dissent, which is not the case in US, सच तो ये है कि Indians में Super rich के प्रति Anger कहीं ज़्यादा है और उसकी वजह बहुत जायज़ है, कभी सुना है अमेरिका में कोई Super rich पागलों की तरह पैसा बहाता है फ़ैमिली functions में, जबकि India में है जहां ज़बरदस्त ग़रीबी है,
तेरे जौसे लोग दूसरों को देख के ही जलते रहते हैं 😂 , उसमे अपनी सफलता का मार्ग ढूंढते हैं 😂
Kaha se data laye h ki india me jyada disparity h anerica se?? Quote karo..gunni coefficent padho
Jis din rich takiye ke neeche paisa dabayenge na..us din dusparity aur badhegi..bhai ameer kharcha nhi karega to kya middle class khak kamayega?? Basic logic nhi samjhta.. pehle jaisa kar de , koi mahenge hotel na chale, private jet na chale, flight me business seat na ho..
Aur haan america me jitna billionaire kharcha karte h tujhe pata bhi nhi h..jeff bezos dekh, tyson wagairah kharcha karke ksngal ho gye..usa consumption based economy h,isliye chalti rehti h, waha ka gareeb banda bhi credit card pe shopping karta h..isliye usa economy baar baar khadi ho jaati h
@@adarshsingh845 खर्च करना और पागलपन करना दोनों में अन्तर होता है, Tata group बिना पागलपन किये लाखों employment create करता है, और Amba और Anda chrony केपिटलिज्म के सहारे लूटकर ऐयासी…हो सकता है, ppl like u may get some employment by selling some flowers or serving their guest in their grand family function..anyway who am i to say that…If salves enjoy slavery we can not help them…I heard that guy gave crores rupees worth watches to VVIP rich guests..
@@saurabhsuryansh2673 खर्च करना और पागलपन करना दोनों में अन्तर होता है, Tata group बिना पागलपन किये लाखों employment create करता है, और ये लोग chrony केपिटलिज्म के सहारे लूटकर ऐयासी…हो सकता है, ppl like u may get some employment by selling some flowers or serving their guest in their grand family function..anyway who am i to say that…If slaves enjoy slavery we can not help them…I heard that guy gave crores rupees worth watches to VVIP rich guests..
Mai aaj
Laxman yadav ki professor ki dairy khatam kr chuka hun and thoda upsad hun higher education ki reality ko jaankar pr khush bhi hun ki kisi ne iss suchai ko khne ka sahas kiya ❤
Amazing discussions.... I'm also an economics graduate so I find it quite interesting... I would love to read the book... Thank you both.... 🙏🙏
Ruchir is always fantastic to learn from.
Always thought something named Lallantop would be some fake news Arnav type drama nonsense. But have found it to be informative interesting entertaining and very watchable. Thank you Saurabh 💐
45:53 Switzerland ka population?? Don't compare apples with oranges plz..
Government offices me log utne loyality aur utne ache se Kam nhi karte hai aur hme apne natural product sansadhan bnana hoga jaise plastic module hai,silk ,cotton hai🇮🇳🇮🇳🙏
Thanks Saurabh!
Very positive,such man needs in Indian economy