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With weak corporate profits hurting stock prices and whacking everyone’s 401(k)s, you might think Americans would be rooting for profits to rise. Ah, but that would assume (as economists mistakenly do) that people are rational actors. The U.S. may now be a nation of shareholders, but they’re shareholders of a peculiarly populist sort. In a poll by the Pew Research Center for the People & the Press, 51 percent of adults agreed “strongly” (plus another 7 percent agreeing “not strongly”) that “business corporations make too much profit.”

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