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Mark Blyth: 'The entire EU framework was settled in the 1990s. It's like being Tony Blair in the 2020s. Nobody cares. It's just an outdated model' (Photo: Mark Blyth)

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Why wages fell and profits surged

February has been punctuated by record shattering profit announcement, and its becoming increasingly obvious corporations are using emergencies — such as the pandemic, supply chain disruption, or gas shortages — as an excuse to raise gains.

Analysts are only just beginning to lay out the pattern, but in case you were wondering why stuff like peanut butter and cola got so expensive: it's because big corporations are hiking prices...

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Mark Blyth: 'The entire EU framework was settled in the 1990s. It's like being Tony Blair in the 2020s. Nobody cares. It's just an outdated model' (Photo: Mark Blyth)

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