Paul Summerville • January 31, 2013

Commentary on the great wolf extermination, who has the stomach to raise taxes and cut spending, Japan examined, a summary of the history of ‘Indian’ removal in the United States, cashing out on bad weather, wonderful Manet, Japan’s blindness, and seven years on.

Human beings are great at stuff they put their minds to.

Paul Summerville • January 30, 2013

Commentary on the Greenland melt, a lesson from Iceland, the contained depression, a new tax model for British Columbia, the sheep meet at Davos, it’s the liquidity stupid, in praise of small Japanese things, and that fading comfortable retirement.

It’s not coming back.


Paul Summerville • January 27, 2013

Commentary on the mind-body problem, the world’s biggest housing bubble, currency wars, the future of democracy in the West, human plague, reigning in central banks, and I’m Canadian not hyphenated.

I think therefore ...

Paul Summerville • January 15, 2013

Commentary on the slow death of the two state solution, the perils of the sunk cost, how do you say smog in Mandarian, weak France, the importance of the sacred, and speaking of sacred hockey's new players in Canada.

Where is this going to lead? Thanks to Ken of Tokyo/Hong Kong.

Paul Summerville • January 10, 2013

Commentary on re-inventing liberalism, the trillion dollar coin debate, feeling the heat yet, silly Chinese censorship, great chart showing different outcomes of profits and wages, and is Chief Spence helping or hurting.

Get liberalism back on track. Thanks to Harry of Victoria.

American Interest -- The Once and Future Liberalism
We need to get beyond the dysfunctional and outdated ideas of 20th-century liberalism.

Paul Summerville • December 27, 2012

Commentary on 10 extreme weather events in 2012, the private lives of elephants, Lincoln the movie, evolving human beings, what’s at stake in Japan, and personifying pipelines.

Has the conversation really changed?

Paul Summerville • December 25, 2012

The Globalist's Top Books of 2012 and interesting reviews. 

Guardian -- Ghosts of Empire: Britain's Legacies in the Modern World
A Tory MP challenges the neocon view of empire in this important history.

Paul Summerville • December 14, 2012

Commentary on climate change and melting poles, the history of global GDP in one chart, the Fed’s new framework, survival Euro, why the minimum wage is good, and squaring the foreign investment circle in Canada.

Paul Summerville • December 3, 2012

Commentary on how to think about a carbon tax, what US stocks did best in 2012, dysfunctional governance, cyber wars, the commodity conundrum, and Canada’s splendid isolation.

Paying for how we live.

New Yorker -- Paying for It
It’s been almost a century since the British economist Arthur Pigou floated the idea that turned his name into an adjective.

Quote worth noting.

Paul Summerville • November 20, 2012

Commentary on China and climate change, income inequality in the United States, Canadian energy tipping point, the positive impact of immigration on native education outcomes, and the joys of moss art.

Can China lead?

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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.