India vs. China vs. US: Who Wins the Next Decade? | WTF is Finance | Ep 1 ft. Ruchir Sharma

Ruchir Sharma thinks America’s peak is over. In this episode, I sat down with the author and investor to discuss the forces shaping the world’s economy, where India fits in the new world order, and all things geopolitics. Timestamps: 00:00 - Intro 2:45 - Early life & formative years 6:50 - What India can learn from Singapore & China’s models 11:33 - Premature welfare state: growth or mistake? 17:47 - Social mobility, elections & incumbency 27:06 - Does meritocracy create inequality? 31:29 - Why govt. bailouts hurt the private sector 33:50 - Regulation, crypto & blockchain 44:06 - Tariffs & free trade 49:12 - Affordable housing & property taxes 56:55 - Does India need a dogecoin? 1:02:00 - State vs. central govt. in India 1:09:07 - Putting corruption into perspective 1:15:03 - UBI & AI’s potential 1:25:37 - Interaction with Putin 1:32:35 - Journalism, free speech & media ethics 1:41:43 - Short selling: risks & rewards 1:43:47 - How Ruchir found his passion 1:53:26 - Validation & defining happiness 1:57:28 - FDI & how India can boost growth 2:06:44 - US: Superpower no more? 2:11:31 - Geopolitics: India, China & US 2:18:28 - American tech & patriotism 2:21:55 - Small cap boom & retail investors 2:30:56 - China today: politics & economics 2:37:26 - The thesis of American exceptionalism 2:40:28 - India’s 10 year playbook: wages vs. assets 2:48:35 - Private, public & emerging markets 2:52:48 - Tomorrow’s big trends #NikhilKamath - Investor & Entrepreneur Twitter: [https://x.com/nikhilkamathcio](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbm9WZVh3cHVTX3JEeGptVjlOZ1R3cW5rVkZJUXxBQ3Jtc0tuekFjWnRXME9XUUVLcDNCTk9YcHd5OU1MV1NMamE0cWE1T25meGJ4VWRMa21OY3VYLWM2T05iOUJtYTNWbWRSLW5YUXNzTTRHUUpjOGdZSGJzNEYxMkt2Y2hmWVNUeU51Nk5MRFVieVNtSTJwMkFXZw&q=https%3A%2F%2Fx.com%2Fnikhilkamathcio&v=wHQiewz8k9g) LinkedIN: [](https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbGNsNjlxS2NyU3VxOUNIQU1VUmczaWNobmtJd3xBQ3Jtc0tsVmczaDdwdkpMZWlNaVdISk1mQUFfbmhZNVB2al9OU1hwbF9rYTFoMFJGN2FKRnFreXFEaXZhRGttd2xLRHBpQVhIS19XaW5wQTZ3UjB6bm5vazVmdUkwSEdsU0MxS1lXYmJvVnhlekVRczc0RmdTRQ&q=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fnikhilkamathcio&v=wHQiewz8k9g)https://www.linkedin.com/in/nikhilkamathcio/ Instagram: https://www.instagram.com/nikhilkamathcio/ Facebook: https://www.facebook.com/nikhilkamathcio/ #RuchirSharma - Chairman of Rockefeller International and Founder and Chief Investment Officer of Breakout Capital Website: https://ruchirsharma.com/