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Paean to big business

For Mr Cowen, the real reason business is so unpopular is that we humans tend to anthropomorphise companies, turning corporations 'into people in our minds, and also in our hearts'

Mathew Bishop | NYT 

Anti-business feelings in America now run so strong that even some leading bankers and hedge-fund bosses want capitalism reformed. Socialism (of some kind) is espoused by a growing number of Democratic politicians. A Harvard University study found 51 per cent of 18- to 29-year-old Americans do not support capitalism. The business bashing is not solely from the political left; Donald Trump has tweet-attacked plenty of companies for offending his populist instincts. Voices demanding higher taxes and tougher regulations grow louder. Echoing the vigorous trust busting of the Progressive era, ...

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First Published: Mon, May 20 2019. 23:50 IST