A radical examination by a leading financial analyst, commentator and investor of the ills of capitalism and how they can be fixed.
What Went Wrong with Capitalism by Ruchir Sharma
What went wrong with capitalism? Ruchir Sharma’s explanation is unlike any you have heard before. Progressives are partly right when they mock modern capitalism as “socialism for the rich,” but what really happened in recent decades is that government in developed nations expanded in just about every measurable dimension, from spending and regulation to the sheer scale of its rescues each time the economy wobbled. The result, Sharma says, is “socialized risk,” expensive government guarantees, for everyone―welfare for the poor, entitlements for the middle class, and bailouts for the rich.
Voters say they are disillusioned with capitalism, but a system so distorted by government interventions is a dysfunctional version of free market ideals. As a result, productivity and economic growth have slowed sharply, shrinking the pie for everyone and stoking popular anger. Since these flaws developed as the government expanded, building an even bigger state will only double down on what’s gone wrong. The answer Sharma offers is a series of seven fixes to restore the balance between state support and free markets and lay the path to a more prosperous and happier future.
The Truths We Hold by Kamala Harris
Read the inspiring Sunday Times bestselling memoir from the first woman, and woman of colour, to serve as Vice President of the United States.
The daughter of immigrants and civil rights activists, Vice President Kamala Harris was raised in a California community that cared deeply about social justice. As she rose to prominence as a political leader, her experiences would become her guiding light as she grappled with an array of complex issues and learned to bring a voice to the voiceless.
Now, in The Truths We Hold, Harris reckons with the big challenges we face together. Drawing on the hard-won wisdom and insight from her own career and the work of those who have most inspired her, she communicates a vision of shared struggle, shared purpose, and shared values as we confront the great work of our day.
Lucky Loser by Russ Buettner and Susanne Craig
Inheritance. Fraud. Deceit. Lucky Loser is an explosive investigation into the truth behind Trump’s wealth, drawing on decades’ worth of confidential tax information, business records and insider interviews.
Soon after announcing his first campaign for the U.S. presidency, Donald J. Trump declared life has ‘not been easy for me’. He spun a fable of how he turned a small loan from his father into a multi-billion-dollar empire, and argued this made him singularly qualified to lead the country.
Except none of it was true.
Born to a rich father, Trump received the equivalent of more than $500 million today.
The story of Trump’s finances is one of rises and falls, of squandering fortunes on money-losing businesses to be saved by blind luck. He tacks his name to buildings while taking out huge loans he’ll never repay. He obsesses over appearances while ignoring threats to the bottom line and mounting costly lawsuits. He tarnishes the value of the Trump name by allowing anyone with a big enough cheque to use it. He makes side deals to cut out the television producer who not only rescued him from bankruptcy but casts him as a business guru – the image that carries him to the White House.
Here, for the first time, in a meticulous masterpiece of narrative reporting filled with scoops, is the definitive true accounting of Trump and his money – what he had, what he lost, and what he has left – and the final word on the myth of Trump, the self-made millionaire.
Patriot by Alexei Navalny
The powerful and moving memoir of a fearless political opposition leader who paid the ultimate price for his beliefs.
Alexei Navalny began writing Patriot shortly after his near-fatal poisoning in 2020. It is the full story of his life: his youth, his call to activism, his marriage and family, his commitment to challenging a world super-power determined to silence him, and his total conviction that change cannot be resisted—and will come.
In vivid, page-turning detail, including never-before-seen correspondence from prison, Navalny recounts, among other things, his political career, the many attempts on his life, and the lives of the people closest to him, and the relentless campaign he and his team waged against an increasingly dictatorial regime.
Written with the passion, wit, candor, and bravery for which he was justly acclaimed, Patriot is Navalny’s final letter to the world: a moving account of his last years spent in the most brutal prison on earth; a reminder of why the principles of individual freedom matter so deeply; and a rousing call to continue the work for which he sacrificed his life.
