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[...] When he became president in 1933, Roosevelt knew precisely nothing about the policies he would adopt. But he did know that the Depression and austerity were bringing America to its knees, that the state had to assert control over a financial capitalism gone mad. Today, in 2012, four years aft…

[...] there’s a point that nevertheless goes strangely unmentioned in the Cotis report: firms have been pampering their shareholders in recent years, resulting in a troubling fall in the share of profits devoted to investment. This reality is hidden by the authors’ choice to focus on gross profits,…