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Social Contract
A social contract is the agreement between government, business, wealthy and ordinary households in how to apportion the costs and benefits of society. The recently concluded (?) American election comes to mind, as a potential first step towards a new (green?) deal. In this, the 34th episode of Making Sense, Jeff Snider identifies another, less obvious freshly fashioned contract: China and its recent 14th Five-Year plan. But as Snider explains, question marks are not unique to democratic republics -- communist 'republics' have them too.
The most successful, contemporary social contract your…
The skinny
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