Saudi Arabia

Paul Summerville • April 19, 2016

Edward Burra, from The Snack Bar (1930), Tate Britain.

What I’m listening to. 

Pieces de Clavecin: Suite No. 2: Courante No. 1

No clue.

Financial Times -- Britain’s friends are right to fear Brexit

Despite absurd attempts to deny this, nobody knows what would follow a vote to leave the EU.

Related.

Paul Summerville • August 27, 2012

Commentary on the `race card`, Europe`s picking the wrong economist, Saudi Arabia`s problems, the Catholic Church`s sloppy finances, how China looks at America, and the invisible election in Quebec.

It just won`t go away.

Political Wire -- The Race Card
Chris Matthews exploded at RNC Chairman Reince Preibus on Morning Joe and accused the Republican party of playing the race card.

Keynes wins.

Paul Summerville • September 28, 2011

Articles on how the collapse in the cost of human genome sequencing will change how we think and pay for health, the utility of a financial transactions' tax, carbon trading dying a slow death, business people size up the cost of inequity, China’s rapidly shrinking property market prices, Basel II and III, women in Saudi, rocky times in India, and the battle Mark Carney is likely to win.

Paul Summerville • September 21, 2011

Articles on comparing the science of economics to pre-Copernican astronomy and other problems, Germany’s tough love, Morgan Stanley’s happy outlook for the markets, what PIMCO thinks central banks will do, the Saudis are not amused, rewriting Tibetan history in China, who’s crazy, and Harper’s chance.

In the ‘you have a headache so we are going to take off your leg’ category of misaligned description and prescription, some thoughts about the problems economists are having.

Paul Summerville • September 17, 2011

 Articles on how oil gets priced, the truth about the Euro, the truth about investment banking, lying journalists, the coming age of defaults, and Ignatieff unmasked.

Oil pricing. Thanks to Nigel DDEHIO of Victoria.

Pdf below – Things that go Hmmm …

The European Parliament’s pain in the ass British politician and the leader of the UK Independence Party (UKIP) Nigel Farage because he brings truth to power. Great video.

Paul Summerville • April 3, 2011

An article that gives lie to the ‘Gone with the Wind’ myth that slaves were agnostic about liberty, important reminders of the dangers of liberal interventionism including a review of John Lelyveld’s bio of Gandhi, John Mauldin on America’s big middle class squeeze, a useful report on the outlook for gold – mostly bullish -- frightening evidence that the Japanese authorities can’t have a clue what is really happening in the ailing Fukushima nuclear reactors, the utility of taxing property, the great commodity trap, and senior poverty.

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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.