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In this issue

Greater Capitalism Our economic system suffered from a number of preexisting conditions—inequality, education gaps, cronyism—before Covid-19 arrived. But it’s already busy reinventing itself into something better, fairer and smarter. Dukes of Moral Hazard Thanks to the Federal Reserve’s low-rate religion, big companies have spent the last decade gorging on debt. Instead of heading into bankruptcy, though, they’re now being propped up by the government. By Antoine Gara and Nathan Vardi

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