World

Paul Summerville • October 12, 2011

Articles on the heart of the problem with the Euro-zone, a special report on the debt driven real estate frenzy in China, history repeating itself in the United States, and the sad decline of public space in Toronto a dying city.

Martin Wolf carefully delineates why Europe is on the edge looking over. Simply, the architects of the Eurozone thought that a balance of payments crisis was not possible in a currency union, and they were wrong. Greeks can’t and don’t want to move to Gemany.

Paul Summerville • September 11, 2011

Articles on a boy losing his father in the 9/11 attacks, Japan finding its way, divorce Japanese-style, the desperate acts of central banks, the new shape of the global econonomy and Google buys Zagat.

Whether it is a car accident, or a sudden illness, or a public event like what happened to the 2,977 victims of the terrorist attacks in the United States on September 11, 2001, for me the most important lesson is to make sure that the people you love know it.

Never part without a kiss.

Paul Summerville • September 10, 2011

Articles on the real cost of youth unemployment, the end of human financial market traders, 9/11 lessons, lonely Chinese men, Michael Ignatieff on sovereign failure, Euro breakdown, America is not Japan, and fear rules.

Unemployed youth, frightening future.

Economist – The Jobless Young: Left Behind
MARIA GIL ULLDEMOLINS is a smart, confident young woman. She has one degree from Britain and is about to conclude another in her native Spain. And she feels that she has no future.

Paul Summerville • August 23, 2011

Articles on why America is not Japan, America’s bad demographics, winning elections the scientific way, when to make the best decisions, sexual harassment in France, when populations run out, and how to end the housing shortage.

Will America fall into a Japanese economic deflationary slump?

Financial Times -- Against “Japan-ification”
Given that it’s the question of the hour…

Paul Summerville • August 14, 2011

Articles on the consequences having consequences, being a pain in the ass dissenter in China, conspiracy theories rise as the 10th anniversary dawns, the end game nears, and travel notes

A crime is a crime. Thanks to David of London (ed’s note: the one without the riots).

Paul Summerville • August 10, 2011

Articles on living forever, how to defeat Mitt Romney, Rick’s move, Gordon Brown on the G20, the ‘precious horse’, and travel notes.

Like fake innovation in consumer products, is all that ‘medical research’ useful?

Paul Summerville • August 9, 2011

Articles on the incompatibility of social justice and capitalism, reacting to the downgrade, David Rosenberg answers his critics, watch the President pivot to jobs, Kenneth Rogoff on the bullets yet to be fired like 6% inflation, and travel notes - sleepless in Seattle.

Paul Summerville • August 1, 2011

Articles on the impact of on-line movie rentals on Hollywood, a global sovereign debt rating map, Japanese buying their own radiation detection devices, the slowing economy, some debt deal spin, now back to Europe, and a wonderful conversation with Paul Nurse.

The $35 DVD just went the way of the horse and buggy, and that’s bad news for Hollywood. (ed’s note – this fits nicely in the ‘disruptive technology’ category).

Paul Summerville • July 30, 2011

Articles on the US debt ceiling, Japan’s next spending plan, patents and train accidents in China, Egypt’s revolution, and Jack Layton's cancer.

A reminder of how low taxes are in the United States. (ed’s note – has become?)

Globe and Mail – US: In A State of Denial over Taxes?
Tax has become a dirty word in the U.S. debt crisis debate.

Paul Summerville • July 27, 2011

Articles on negotiating with a rogue elephant, US dollar shorts get shorter, complexity’s revenge, UK snapping, political dissent in China, and remembering Canada’s mid-1990s debt crisis.

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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©

Twin Virtues

Ultimately, the most successful societies find the balance between the twin virtues of inequality of outcomes and equality of opportunity.

The new politics must marry the twin virtues of unequal outcomes and equality of opportunity.

When too few get too much everybody loses.

Feminism is about women living their lives on their own terms, marshalling the resources of the society to make that possible, and men embracing this as vital to a successful society and their own liberation.

Can it be that striving for equality of opportunity however imperfect the process not only benefits the individual but also creates benefits for the society that are unintended but wonderful?

Economics must be a 'moral enterprise' as much as politics claims to be. Economic outcomes need to be framed in terms of right and wrong not just efficiency if only because these often align in surprising ways that are good for society and the economy.

My vision of Canada is that any Canadian child from a family of limited circumstance can expect to have a chance at lifetime of unlimited opportunities.

Free trade is a wonderful thing. Time and time again economists have proven that free trade creates enormous wealth for each country 'on the whole'. Historians have shown that free trade is usually associated with rising political, social and cultural liberty. The perennial problem is that free trade always creates tremendous disruption for thousands even millions of individuals often concentrated in one geography, and where the state is idle, not investing in best in class instruments of social justice, free trade can be a permanent ticket out of the middle class, down, not up.

Tax policy should be founded on the principle of generating steady tax revenues sufficient to maximise environmentally sustainable economic growth in order to fund fair government.

Public policy should be designed to decrease inequality before the law and increase equality of opportunity.

Capitalism is not the problem; the problem is what we do with capitalism.

Content is always more difficult to argue than conspiracy.

Let the state regulate and the market operate (most things).

Welfare strategies are best designed as a hand up, not as a hand out.

Political debate should not be fact free fighting.

Explanation lasts longer than eloquence.

Always favour empowerment over dependency.

The most enduring public figures are embraced for the causes they fought for and not the concept of themselves they hoped others would remember them by.

Find your voice and don't be the echo of somebody else.

It is possible to operate on two different levels: the practical, cautious and conservative; and the realm of ideas, open, free, and radical.