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sector, not the big state. so i just don't talk that way. for me, it's never about the state or the private sector. they are both required. and i'm italian, i know the problems with the state. i know there are problems with, you know, bureaucracy and slowness, and inertia. and i know a lot of problems inside the private sector, where, over the last ten years, $4 trillion have been spent by the fortune 500 companiesjust in buying back their shares to boost stock prices, stock options, and executive pay. so that financialization of the private sector and a public sector that is often too bureaucratic, inertial, not flexible and agile, they're both, you know, equally... problematic. ..important problems. huge problems. we have just seen a minister in the uk resign because... we talked covid, in the covid response, he says billions of pounds was wasted because the government couldn't cope with the number of fraudulent claims made by businesses seeking relief. and money was given away.

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