Paul Summerville • October 6, 2014

Catalyst crime. 

New Yorker -- The Empire of Edge

How a doctor, a trader, and the billionaire Steven A. Cohen got entangled in a vast financial scandal.

Paul Summerville • September 26, 2014
Paul Summerville • March 1, 2013

Commentary on Winston’s archives, PIMCO’s latest monthly missive, America’s debt problem, thinking about the i-economy, climate change graphics, can the BoJ do it, and Quebec’s language wars making strange bedfellows.

The great man’s stuff. Thanks to David of London.

Paul Summerville • February 26, 2013

Commentary on Japan’s population decline, worthless coins, heading towards legal cannabis, poverty before capitalism, sentimental equity investing, and political reform in Canada.

Some strange thoughts.

Paul Summerville • February 5, 2013

Commentary on the shadow of 1914, comic genius, rising stock market, the joy of capitalism, recovery in the US housing market, New York’s fight over teacher evaluation, Australia in Asia, and how the smoking ban killed bingo.

More history.


Financial Times -- The shadow of 1914 falls over the Pacific
China, like Germany 100 years ago, fears the established power is intent on blocking its ascent.

Harold Ramis.

Paul Summerville • February 2, 2013

Commentary on unions in the US and Canada, talking politics, abortion debate in the US and Canada divides, interest rates low markets go high, very old art, and Ignatieff on the perils of the concentration of power.

It’s different up here.

Bloomberg -- The Real Reason for the Decline of American Unions
Today, the Bureau of Labor Statistics released its annual summary of unionization in the U.S.

Paul Summerville • January 28, 2013

Commentary on fraud in financial markets, the bear market, Apple, spend less or earn more, protecting food security, and another benefit of legalising cannabis.

Buyer beware.

Economist -- Just who should we be blaming anyway?
WHY have so few gone to jail for the financial crisis?


Paul Summerville • January 14, 2013

Commentary on the truth behind the Cuban Missile Crisis, post-50 retirement horror, American demographics, is the Euro crisis over, abortion access imperiled, squeezed centre, that inflation genie, and the duty to consult.

Dark cloud over Camelot or the Cuban obsession.

Atlantic -- The Real Cuban Missile Crisis
Everything you think you know about those 13 days is wrong.

The age 50 Rubicon.

Paul Summerville • January 2, 2013

Commentary on the Economist’s top ten articles of 2012, forecasting, India’s comfort with rape, why equities will soar, and balancing the twin virtues.

Interesting list of articles from the penis to progressivism, fools and the future.

Economist -- The biggest hits of 2012
Our ten most popular articles on this year.

Getting ready for the forecasting time of year.

Paul Summerville • December 11, 2012

Commentary on a positive outlook for the US economy in 2013, a useful list of investment themes for 2013, the African boom, a deportation challenge, the danger of prohibition, and why the United States is so unequal and Canada less so.

Is private sector deleveraging over?

Keep up with CEF!

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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.