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World Economic Forum says capitalism needs urgent change

January 11, 2017 2:48 PM
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World Economic Forum says capitalism needs urgent change

LONDON — Reforming the very nature of capitalism will be needed to combat the growing appeal of populist political movements around the world, the World Economic Forum said Wednesday.

Getting higher economic growth, it added, is necessary but insufficient to heal the fractures in society that were evident in the election of Donald Trump as U.S. president and Britain’s vote to leave the European Union.

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