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

Our series reviewing the UBS European Conference concludes with a focus on central banks. Our guests discuss the outlook for the US and Europe, and a new AI-based tool that tracks central-bank tone and sentiment.

Our series reviewing the UBS European Conference concludes with a focus on central banks. Our guests discuss the outlook for the US and Europe, and a new AI-based tool that tracks central-bank tone and sentiment.

UBS European Conference, part three: Central banks 

The report surveys UBS billionaire clients globally on the unique challenges and opportunities ahead. The 11th edition focuses on the forces driving wealth creation and the evolving ambitions of the world’s most influential families.

The report surveys UBS billionaire clients globally on the unique challenges and opportunities ahead. The 11th edition focuses on the forces driving wealth creation and the evolving ambitions of the world&rsquo;s most influential families.

The UBS Billionaire Ambitions Report 2025

Our series reviewing the latest UBS European Conference continues with Neil Hosie, UBS Head of Execution Services and host of the event’s first Heads of Trading track, discussing markets, trading and navigating complexity.

Our series reviewing the latest UBS European Conference continues with Neil Hosie, UBS Head of Execution Services and host of the event&rsquo;s first Heads of Trading track, discussing markets, trading and navigating complexity.

Scapegoat economics and the cost of prejudice politics

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