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The new Labour Party’s economics is similar to Peronism

The new trend of Labour Party economics isn’t new and neither innovative. Direct subsidies have been the common feature of Third-World economies where there is a wide discrepancy between the average and minimum salaries and the cost of living. That a government needs to issue subsidies is also a sign of the weakness of the purchasing power of the subsidised-recipients. In socialism, the welfare state has been mostly used to create a safety-net a…
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themalteseherald.com broke the news on Saturday, May 9, 2026.
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