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.

<p>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.</p>

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