The moment Sharma's critique of capitalism crystallized was during the pandemic when governments shut everything down, gave massive stimulus, and asset prices inflated wildly—minting new billionaires through stock market gains for people sitting at home while the real economy was shut.
causalpending
Speaker
Ruchir SharmaEvidence Quote
“during the pandemic...to shut everything down and then to say that we will just give massive amounts of stimulus...the stimulus is what led to this huge amount of asset price inflation where in 2020 the number of new billionaires which were minted by people sitting at home was incredible”
Created: 8/11/2026, 8:01:53 AM
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