Scapegoat economics wrongly blames a particular group for problems, while prejudice politics promises to reduce that group’s influence. Paul Donovan of UBS explains what happens when prejudice fails to solve the underlying issue.

Scapegoat economics wrongly blames a particular group for problems, while prejudice politics promises to reduce that group&rsquo;s influence. Paul Donovan of UBS explains what happens when prejudice fails to solve the underlying issue.

Delivering insights into the people, places and products shaping the financial week ahead. Hear from the finest minds and freshest thinkers as they take you beyond the numbers and the hype to get to the heart of the day’s big issues.

The Bulletin with UBS

Scapegoat economics and the cost of prejudice politics

How are global entrepreneurs feeling about 2026 and about the future of their enterprises? The second annual UBS Global Entrepreneur Report reveals their optimism – and an appetite for expansion that’s undimmed by geopolitical uncertainty.

How are global entrepreneurs feeling about 2026 and about the future of their enterprises? The second annual UBS Global Entrepreneur Report reveals their optimism &ndash; and an appetite for expansion that&rsquo;s undimmed by geopolitical uncertainty.

The Global Entrepreneur Report 2026 

This authoritative asset offers a unique record of real returns across equities, bonds, bills, currencies and now gold – helping investors place market developments in historical context. With professor Paul Marsh and UBS’s Kiran Ganesh.

This authoritative asset offers a unique record of real returns across equities, bonds, bills, currencies and now gold &ndash; helping investors place market developments in historical context. With professor Paul Marsh and UBS&rsquo;s Kiran Ganesh.

‘The UBS Global Investment Returns Yearbook 2026’

Ahead of International Women’s Day we discuss women and the health gap with Marianna Mamou, head of advice beyond investing in the UBS CIO and author of a compelling new UBS report. 

Ahead of International Women&rsquo;s Day we discuss women and the health gap with Marianna Mamou, head of advice beyond investing in the UBS CIO and author of a compelling new UBS report.&nbsp;

Scapegoat economics and the cost of prejudice politics

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