Paul Summerville • May 19, 2016

Cruel cartoon.

What I’m listening to. 

The Nutcracker, Act 1 Tableau I: Part II March

Lots of work after June 23rd.

Cameron’s toughest time will begin on June 24

Even if he wins the referendum, the prime minister will face growing calls for his departure. He needs a 1,000-day plan.

Parliamentary games in London too.

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 • October 30, 2014


Slipping away. 

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 • February 28, 2013

Commentary on Syria’s terrible disintegration, helping out, the Turks and Kurds inch toward peace, saving the GOP, Italy’s bad election, the global economy in 2050, Paris in 1900, and the change in work.

Syria collapses.

Economist -- The country formerly known as Syria
As sectarian divisions deepen, the war is changing the country beyond recognition.

Tippy toeing in.

Paul Summerville • November 16, 2012

Commentary on the challenge facing China’s 7 new wise men, Turkey’s wine industry and Islam, comparing the Petraeus affair with Eisenhower’s, Europe’s double dip, and managing the new Liberal supporter category.

A reminder that China’s new leadership faces extraordinary challenges largely of China’s own making; the easy part is over.

Paul Summerville • August 26, 2012

Commentary on Syria’s bloody war, the roots of English, i-robot, on cheating, slumping, and how the GOP spins Canada.

Long-time Middle East observer Robert Fisk on the terrible civil war in Syria.

Independence -- Robert Fisk: The bloody truth about Syria's uncivil war
Those trying to topple Assad have surprised the army with their firepower and brutal tactics.

Paul Summerville • March 29, 2012

Commentary on a genius, Turkey’s moment of truth, breaking the diamond monopoly, the truth about Bank of America, getting to the 22nd century in one piece, European dependency ratios by 2060, inching to depression, and Canada-Japan free trade.

Meet the Mozart of chess Magnus Carlsen. Thanks to Mary of London.

youtube -- Mozart of Chess: Magnus Carlsen
At age 21, chess grandmaster Magnus Carlsen is the number one player in the world and says he loves to see his opponents squirm.

Paul Summerville • August 5, 2011

Articles on rebuilding Japan, why Turkey’s political model is not for export, rethinking economics, #gfc, the Italy and Spain squeeze, why more immigration is better for Canada, and living to 100.

Can the rebuilding of the tsunami devastated parts of Japan bring an end to twenty-one years of malaise and decline? (ed’s note – no it can’t)

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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.