Relearning the rules of Adam Smith

Many of the core ideas behind Adam Smith’s vision of capitalism are being ignored.

Gillian Tett, the FT’s US managing editor, argues that four basic concepts need to be relearned if we are going to replace the opaque and exclusive system modern finance has created.

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The boom in digital trade: how data are replacing physical goods

By 2025, cross-border data flows could be worth $20tn, more than current global trade in goods. But as the FT’s world trade editor Shawn Donnan explains, that will likely bring increased cyber risks, and governments are taking measures to combat the challenges.

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