Capitalism is not working for the average person, says Rockefeller International's Ruchir Sharma

Ruchir Sharma, Rockefeller International chairman, Breakout Capital founder and CIO and ‘What Went Wrong With Capitalism” author, joins 'Squawk Box' to discuss the problems with capitalism today, whether big government is ruining capitalism, and more.

[abhishektalukdar]

Seriously STOP interrupting Ruchir. LET him finish his sentence for crying out loud.

[quinnh]

If they don't shut up and let this man speak!

[owls]

Allow Ruchir Sharma to speak. Three anchors are attacking him at the same time. Let him explain... allow him to put his point.

[mohannair]

This would have been so much better if the hosts just shut up and let the guest speak.

[Ek]

This guys entire segment boils down to "Corruption ruined capitalism". -.-

[Questioneverything]

When Becky chimes in, you know that the 2 clowns aren’t getting the big picture

[jocko]

Income and wealth disparities are at historically high levels. This situation is bad for everyone, from the poorest to the most rich. Tax laws are written by the rich. Don't call that government.

[oberstraphry]

Small businesses don’t get the tax breaks and other incentives for their business, it’s like bribes for the rich to come to your state. We need a level playing field.

[UnitedCorporationsOfAmerica]

This is what happens when you relinquish control of your economy to billionaires and corporations. Good job, America.

[Openminder]

*Corportism* is not working for the average person, fixed it for you.

[GeorgeSchneider]

Capitalism is not the issue, it is how taxation works.
In 1965, ceo to worker salary ratio was 20.4
In 2021, that ratio was 389
Why such discrepancy?
From 2000 to 2024, large corporations spent $5.5T in stocks buybacks instead of being reinvested into creating new jobs 🤷‍♂️

[Alyosha]

Bailouts exist because we have too-big-to-fail companies. Who let those corporations become so freaking large?

[harrysmart]

Regulations are meant to keep big and powerful in check. Without regulations every sector in america will be like the healthcare sector, you will have to pay 100s of dollars to get the very basic necessity. Real problem is shareholder value is given higher precedence than society value.

[christian_connors]

Interviewer in blue shirt absolutely unbearable

[andrewvh]

We need tax reform and regulation reform. Govt needs to get OUT of offering incentives to business. Just let the free market work it out. People will still invest without tax breaks. Corps will still invest and grow without tax breaks.

[_andrew]

It’s such a red herring to say “regulations bad”. Which regulations? We’ve actually been deregulating or avoiding regulation on finance and tech for decades, as well as cutting corporate tax rates and taxes for the wealthy. The problem with those sectors is not an excess of regulations, it’s a hands-off approach that allows monopolies and monopsonies, cutting taxes on multinationals, etc. America’s economic and financial policy since 1980 has largely been tilted toward concentrating wealth upwards. That was the entire point of Milton Friedman’s “shareholder value” approach to capitalism which largely guides big business today.

[dsharma]

You have got 2 alpha males in this room. Please let Ruchir speak. He's the guest. 😀

[MrKansaitim]

Tax avoidance by big corporations and the super rich; no prosecutions of criminal bankers; tails they win, heads you bail them out.

[anthonyarmand]

Joe doesn't want to discuss this aspect of big government. Joe only sees social spending as a problem.

[nbonasoro]

You cant let business fail when there isnt enough of a safety net for workers. In 08 home owners should have been bailed out not banks. In the pandemic workers should have gotten money, there shouldnt have been PPP loans.