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Bringing Morality Back to Economics

A daily digest of opinions and analysis from Bloomberg View.

Stop Pretending Economists Don’t Pick Winners or Losers

The dismal science emerged as a branch of philosophy, and it still raises hard questions about right and wrong. As inequality rises, Noah Smith says economists should ditch their pose of objectivity and grapple honestly with moral dilemmas.  

The Brexit Vote Didn’t Decide Much After All

The U.K. needs consensus at home before it can negotiate its exit from the EU — but with Prime Minister Theresa May facing challenges from the courts, the public, and her own party, Therese Raphael doesn’t see that happening soon.

Venezuela Suffers Another Regional Humiliation

Mac Margolis says the troubled autocracy’s ouster from regional trade bloc Mercosur reflects the shifting balance of power in Latin America.

How to End Ticket Scalping

The U.K. and U.S. are both considering legislation to crack down on ticket-buying bots, but Leonid Bershidsky has a better idea: Why not sell concert passes the way airlines sell seats? 

Sears Transformed America. It Deserves to Die With Dignity

It may have been the Wal-Mart of its era, but that era passed 80 years ago. Alas, Megan McArdle says there’s only one option left for a retailer in Sears’s position. 

Ritholtz’s Reads

  • The American dream, quantified at last (New York Times);
  • The most disruptive phase of globalization is just beginning (Quartz)
  • Apple and Spotify are generating $7 billion a year in streaming music revenue (Recode)

(Read Barry Ritholtz’s full daily news roundup.)

Bloomberg Gadfly 

(Read more from BV’s sister site for fast business commentary.)

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