Capitalism
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New Tory leader Kemi Badenoch opens her speech by asking a question: “How do you know whether a politician is actually going to do what it is they say they’ll do? “You can only look back on their track record,” she says. She says when she was business secretary, she “tried to lift the burden…
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The COVID-19 pandemic triggered the deepest global recession since the Great Depression, and pushed millions of households and businesses into economic hardship. But not all parts of the global economy have been suffering. Throughout the pandemic the ‘Big 5’ tech companies — Amazon, Apple, Alphabet, Facebook, and Microsoft — have seen their revenues and stock prices soar.…
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Working-class people often get blamed for their troubles. They should have planned better, been less demanding, or just been smarter. Those are just some of the judgments that surfaced again in the weeks after General Motors’ announcement late in November that it would close five plants in the U.S. and Canada, leaving thousands of…
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