Greece

Paul Summerville • July 11, 2015

What I’m listening to.

Paul Summerville • June 9, 2015

What I’m listening to.

Goldberg Variations: Aria

Don’t shoot the successful, emulate and then tax them fairly.

Telegraph - The top 1pc are not the super-rich, they are companies – so why would you want to punish them?

Paul Summerville • June 2, 2015

Never has so much debt been owned to so many by so few.

Telegraph -- Greece must stop hoping for a miracle - it needs to leave the euro

‘The best way for Greece to relearn the importance of economic orthodoxy is for it to test to destruction its own monetary policy, its own tax system and its own-self imposed rules’.

Paul Summerville • February 1, 2013

Commentary on Britain in Palestine, the smoke over Athens, And God created the world in six days, US GDP deconstructed, the Nordic model, when your values clash with your company, and the lesson of Ontario’s female, lesbian, grandmother Premier.

Pining for the old Mandate days.

Paul Summerville • October 20, 2012

Commentary on fun with facts, immigration mistake, central bank worries, goner Greece, and inequality.

Romney and Ryan play wac-a-stat.

Business Week -- The War Over Economic Facts
Lies filled the Long Island air on Oct. 16 at the second debate between President Barack Obama and Republican challenger Mitt Romney.

Evidence.

Paul Summerville • October 11, 2012

Commentary on the history of public debt, the problem with central banks and austerity, Russian rabbit hole, Germany bends, and David's economics.

With central banks long entered into new monetary no-person’s lands, a call for fiscal expansion despite high debt levels.

Paul Summerville • August 15, 2012

Commentary on getting more international students to Canada, the helping hand, and Greek’s little revenge on Germany.

While on the surface a really good idea, absent strategies to reduce undergraduate class sizes this looks like a cash cow given the difference in tuitions for international students. Also the strategy needs to be part of an aggressive immigration strategy that gives permanent resident to graduates.

Paul Summerville • July 23, 2012

Commentary on the shift in manufacturing away from low wage to high technology countries, the sport of politics, let Greece go, rethinking retirement, and Canadian consumers go very long car loans.

It’s about the robots and other things.

Foreign Policy -- The Future of Manufacturing Is in America, Not China
How new technology is driving a U.S. industrial comeback.

Related.

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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.