Paul Summerville • May 21, 2016

from Mary Magdalene by Giovanni Savolodo 1548 at the National Gallery

What I’m listening to. 

Don Quijote de la Mancha G.Ph.Telemann

Hold on to your kids.

With all its flaws - particularly while George Bush was President - the liberal international order led by the United States since 1945 and expanded after 1989 that has served the world so well is in grave danger of breaking down.

Paul Summerville • April 24, 2016

John Waterhouse (1885) from Saint Eulalia, Tate Britain

What I’m listening to. 

Herz Und Mund Und Tat Und Leben, Cantata BWV 147: 10. Choral: "Jesus Bleibet Meine Freude”

French Jews leave for London: canary in coal mine.

Paul Summerville • September 26, 2014
Paul Summerville • February 7, 2013

Commentary on questions for Carney, Arctic politics, fathers, more on Manet, the view from Moscow, the abortion question, and making drinking and driving very expensive.

Five questions for Mark.

Financial Times -- The five questions Carney must answer
The next BoE governor must live up to his rock star billing.

Paul Summerville • January 11, 2013

Commentary on oil in Africa, the end of independent central banks, Mexico’s terrible lost war, how the game of Monopoly helped Allied prisoner of war escapees get home, some thoughts on the global economy in 2013, the French and the Russians, and why Idle No More has legs.

Ghana’s oil future, Norway or Nigeria?

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.

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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.