Economy

Paul Summerville • February 4, 2016

What I'm listening to.

Henry Purcell - Te Deum and Jubilate Deo, I

Brand new global economy.

Project Syndicate -- The Global Economy’s New Abnormal

Since the beginning of the year, the world economy has faced a new bout of severe financial market volatility, marked by sharply falling prices for equities and other risky assets.

Paul Summerville • October 8, 2014

Awesomely excited. 

Aeon -- Super excited

Paul Summerville • September 17, 2012

Commentary on re-inventing cities, the disconnect between taxation and growth, the right ganging up on Romney, the Chinese investor Bordeaux invasion, and battleground economy.

Taking cars out of the city and returning people. Thanks to Patricia of Victoria.

Paul Summerville • July 11, 2012

Commentary on the contained depression and buyer beware.

Martin Wolf reminds us that without highly accommodative monetary policy and fiscal deficits today’s weak growth would be a depression.

Tightening the austerity belt is bad economics and dangerous politics.

Paul Summerville • December 29, 2011

Commentary on face booking to a new constitution, financial bloggers of note, some helpful charts, dumb tax policy, and the manufacturing revolution.

Iceland uses social media to write a new constitution. Thanks to Julia of Montreal.

Mother Jones -- Iceland Is Crowdsourcing Its Constitution
Just after the United Nations declared internet access a human right, Iceland is crowdsourcing its constitution.

Related.

Paul Summerville • December 18, 2011

Commentary on the right to assisted suicide and the outlook for the global economy in 2012.

Important study on assisted suicide.

Pdf below -- End of Life

TD Economics' outlook for 2012

Pdf below -- 2012 The Year Ahead

 

Paul Summerville • December 16, 2011

Commentary on strangling the state, facing up to history, not managing globalisation, US economic growth, a little trade war, and the great Christopher Hitchens dies from smoking.

Low taxes and small government are not compatible with a successful 21st century modern country. (ed’s note – but some size markers would be helpful). Thanks to Charley of Toronto.

Paul Summerville • December 15, 2011

Commentary on the global balance sheet recession, extreme people, the pro-austerity case, US in 2012, doomed Doha, and democracy behind closed doors.

How Japan has come to the world.

Pdf below -- The World in Balance Sheet Recession

Extreme people.

you tube – People Are Awesome
Thanks to Ken of Tokyo/Hong Kong.

The case for austerity.

Paul Summerville • September 7, 2011

Chinese fairy tale. (ed’s note – the Nikkei did not take four days to lose half its value, it took four years)

New Yorker -- China’s Iceland Moment
In Japan, in 1986, the value of the nation’s real estate doubled in a single year—and doubled again the next year.

Compromise and conservatives.

Paul Summerville • June 27, 2011

Articles on Europe’s unraveling, the coming of taxation on world-wide income for Canadians, why legacy airline companies can’t be profitable, why the home team wins, Taliban tricks, new entrepreneurs in Japan, James Grant slams the Fed, paralysed economic policy, energy efficiency and cars, the end of liberal intervention, immigration and the economy, and when an American visited China in 1973.

Going backwards.

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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.