"This is a very long topic that I've written a lot about, including the fact that in many countries you have a lot more of government intervention, bailouts which take place. A culture of constant stimulus. So, a lot of key elements of capitalism, the creative destruction, which is such an important and integral part of capitalism - I think has been undermined by intervention. So, there are a whole bunch of reasons why productivity has also declined," Ruchir Sharma opined.

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