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

Banking is UBS’s craft. This is why UBS celebrates inspirational individuals whose mastery mirrors its values: dedication, expertise, passion. Here we meet James Allison, technical director for the Mercedes-AMG Petronas Formula 1 Team.

Banking is UBS&rsquo;s craft. This is why UBS celebrates inspirational individuals whose mastery mirrors its values: dedication, expertise, passion. Here we meet James Allison, technical director for the Mercedes-AMG Petronas Formula 1 Team.

UBS Craftmakers: James Allison, technical director for the Mercedes-AMG Petronas Formula 1 Team

Get the picture on the 10th edition of the annual benchmark analysis of the state of the global art market with its author, Clare McAndrew, as well as Art Basel CEO Noah Horowitz and Paul Donovan of UBS.

Get the picture on the 10th edition of the annual benchmark analysis of the state of the global art market with its author, Clare McAndrew, as well as Art Basel CEO Noah Horowitz and Paul Donovan of UBS.

The Art Basel & UBS Global Art Market Report 2026 

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.

Scapegoat economics and the cost of prejudice politics

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