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  • TIME

    The financial world’s rotten culture is still a threat—to all of us

    by Rana Foroohar Oct 15, 2016 2 minutes
    Anti-austerity protesters started the fire, burning fake money in the shadow of the Deutsche Bank towers in Frankfurt in March 2015

    SOMETIMES IT TAKES A GROUP of economists to confirm reality. Last year, a team of German academics released a study on the effects of major financial crises on politics, examining 800 elections over 140 years in 20 advanced economies. They found that after such crises, right-wing populist parties and politicians typically increase their vote share by about 30%. (The same isn’t true in the wake of more mild

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