Paul Summerville • October 31, 2012

Commentary on President Obama, the race to the finish, oratory lost, the problem with Romney, the state and the market, time for gold, and the under 45 shaft.

Hail to the Chief.

New York Magazine -- The Case for Obama: Why He Is a Great President. Yes, Great.
I decided to support Barack Obama pretty early in the Democratic primary, around spring of 2007.

By a nose.

Paul Summerville • August 20, 2012

Commentary on Norway’s nest egg, the China gold connection, Ryan’s silly plan, Assange's Ecuador moment, and Quebec's declining population.

A very nice problem to have.

Financial Times -- Investment: Norway’s nest egg
Oslo’s oil fund is seen as a paragon of responsible use of energy income but debate rages about its strategy.

Why gold has been falling of late.

Paul Summerville • July 17, 2012

Commentary on China’s imbalanced economy, 21st century power, follow the S&P bouncing ball, the case for staying in gold, life for the erotic novel post-internet, and Canada’s housing bubble.

Capital investment mania.

Financial Times -- China: The road to nowhere
Fears of excessive investment are fuelling debate about whether slower growth is the right course for Beijing.

Rethinking power.

Paul Summerville • February 15, 2012

Commentary on Republican lunacy, gold’s lack of value, religion and the 2012 Presidential election, energy independence and the US dollar, a bear view, and Vic Toews’ silly framing.



Lunatic fringe.

Paul Summerville • December 20, 2011

Commentary on the great succession of the Great Leader, a person of history dies, the gold bear, and Harper starves the state.

New York Review of Books -- North Korea’s Not-So-Simple Succession
The Kim is dead. Long live the Kim.

Paul Summerville • November 30, 2011

Commentary on telling Europe what’s up, the importance of early rising, keeping pirates at bay with a strong navy, a bull on gold, and Richard Gwyn’s second volume on Sir John A. MacDonald.

A vigorous telling of the truth certainly will focus the minds.

Paul Summerville • October 4, 2011

Articles on the dangers to the economy of inequality, a technical reading of the risk in equities, wiping the slate clean, a case against gold, the blindness of Wall Street, the case for government spending, the risk of trade war, a thoughtful analysis of Europe’s problem, and the madness of political correctness nets Thomas the Tank Engine.

Bill Gross jumps on Warren Buffet’s bandwagon.

Paul Summerville • August 4, 2011

Articles on ending world hunger, the new role of the Canadian dollar in global foreign exchange markets, thinking about labour market success and failure, the end of social, the top 100 most delayed flights in America, the Economist ’s interactive global debt guide, answering questions about gold, Italy stinks, and thoughts on Greek yogurt.

On the front line of hunger. Josette Sheeran on the challenge and hope ending world hunger. Thanks to David of Victoria.

Paul Summerville • July 28, 2011

Articles on voodoo economics, when an idea becomes true, mathematical beauty, reflections after 11 years of reporting on the US economy, remaining hopeful on US debt default, in Europe the kids aren’t all right, an expensive Alabama haircut, George Soros’ exit, hard evidence of the bubble in gold, Chinese inflation explained, and about beards.

George Bush the first President had it right.

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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.