Japan

Paul Summerville • April 12, 2016

What I’m listening to. 

Gluck - Orfeo ed Euridice - Dance of the Blessed Spirits

Why ‘remainers’ need to make a better economic case.

Financial Times -- Britain’s pro-Europe campaigners are losing the argument

The main economic factors in favour of EU are not trade, but research, science and innovation policy

Related.

Paul Summerville • April 1, 2016

What I’m listening to.

J.S. Bach: Violin Concerto No.1 In A Minor, BWV 1041 - 2. Andante

More on inequality.

Economist -- The new wave

Surprisingly little is known about the causes of inequality. A Serbian-American economist proposes an interesting theory.

Paul Summerville • March 10, 2016

What I’m listening to.

Concerto grosso in E Minor, Op. 3, No. 3: IV. Allegro

To repeat: Trump and Sanders' economic messages are playing to the same group of voters: disfranchaised by trade deals, abandoned by a small government philosophy that created worst in class justice, education, health, transportation, and inter-generational outcomes based on the myth of ‘rugged individualism’. 

Paul Summerville • March 4, 2016

What I’m listening to. 

Symphony No. 9 ~ Beethoven

Can substance trump style?

New York Times -- Five Big Questions After Vulgar Republican Debate

 I’m not being cheeky. I’m not being shocking.

Paul Summerville • February 12, 2016

What I’m listening to.

French Baroque Music

Opps.

Japan Times -- Abenomics on ropes as reform arrow, BOJ ‘bazooka’ misfire

As Tokyo stocks tumbled further Friday, dragging the Nikkei average to its first close below 15,000 since October 2014, economists asked: Is Abenomics out of options?

Paul Summerville • February 6, 2016

What I’m listening to.

Telemann Suite in B flat," La Bourse", Tafelmusik

Please, stop invoking god to celebrate your good luck ... particularly when others die.

Paul Summerville • July 12, 2015
Paul Summerville • June 8, 2015

What I’m listening to.

Aka Tombo -- Jean-Pierre Rampal & Lily Laskine - Sakura: Japanese Melodies for Flute and Harp

Hope springs eternal. (ed’s  note: I’ve not believed that Japan could break out of its deep structural decline since signs emerged in the early nineties. However, my great friend Jonathan in London, UK who has been managing a Japan-only fund for a decade and the Economist beg to differ).

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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.