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Raghuram Rajan discusses his book, “Saving Capitalism from the Capitalists.” He begins by discussing the basic premise of capitalism and how capitalism affords everyone the opportunity to become wealthy, but the problem is that those that become wealthy do not want others to become wealthy and competition. He then explains the history of capitalism and how the Knights Templar were bankers and that the middle class emerged in England during the time of Henry the VIII. Rajan stresses that the best analogy for capitalism is that of a level playing field in which there are rules, rights and regulations that are respected and enforced. He goes on to discuss how it is the middle class that are the enforcers of rules and regulations that capitalism must abide by. Later in the interview he explores bank lending and junk bonds.