Unemployment

Paul Summerville • December 13, 2012

Commentary on Tibetans setting themselves on fire, the best book book list for 2012, getting youth into the job market, what do we know about Jesus, dangerous shift in the UK, the importance of immigration, that growing bond bubble, and political tempest in Oak Bay.

Reaching out.

Paul Summerville • March 8, 2012

Commentary on the Keep Calm and Carry On poster, the environment, Rick Santorum on god and Caesar, where to shoot hoops from, youth unemployment, the debate that frames economics, inequality’s causes is more than skill, and religion does not justify misogyny (time to dump Karzai).

Paul Summerville • November 19, 2011

Commentary on a better way to manage unemployment insurance, rep-by-pop raises its democratic head, getting democracy to fit in Canada, debtor countries and their creditors, is the US job market turning up, Europe’s constant crisis, is the US overplaying its diminished hand in Asia, water in South East Asia, and has the Pacific Lake become an ocean again.

Canada is big. A national solution in a regional country.

Paul Summerville • September 12, 2011

Articles on the why the American middle class is feeling squeezed, the importance of post-secondary education, job market reality, and Julian Fellowes on the rewards from hard work.

Ouch. Thanks to Charles of Toronto.

Paul Summerville • September 10, 2011

Articles on the real cost of youth unemployment, the end of human financial market traders, 9/11 lessons, lonely Chinese men, Michael Ignatieff on sovereign failure, Euro breakdown, America is not Japan, and fear rules.

Unemployed youth, frightening future.

Economist – The Jobless Young: Left Behind
MARIA GIL ULLDEMOLINS is a smart, confident young woman. She has one degree from Britain and is about to conclude another in her native Spain. And she feels that she has no future.

Paul Summerville • September 9, 2011

Having lived through the consequences of Japan’s financial crisis where 1930’s style government spending failed to restore the economy, we are convinced that to get at the heart of what ails the American economy today will require a different cure than what President Obama, or the Republicans, are offering.

Articles also on the problems with modern central banking, Marx’s critique of capitalism, Euro breakup, a slowing global economy, and Bob Rae’s future contemplated.

Paul Summerville • September 3, 2011

Articles on how the SEC is protecting Wall Street, the outlook for the global economy, America’s job bust, some thoughts on the markets, disappearing dissidents, what the Suez Canal will teach you, the case for copying Argentina, Doug Noland on thinning confidence, South African firestorm, and British Columbia’s shameful child labour law.

Rolling Stone keeps up the pressure on the Wall Street-SEC kabuki play. Thanks to John of Toronto.

Paul Summerville • August 9, 2011

Articles on the incompatibility of social justice and capitalism, reacting to the downgrade, David Rosenberg answers his critics, watch the President pivot to jobs, Kenneth Rogoff on the bullets yet to be fired like 6% inflation, and travel notes - sleepless in Seattle.

Paul Summerville • July 3, 2011

Articles on the Australian invasion, the outlook for markets, the difficulty of taking care of kids, the jobless summer of 2011, how the British Parliamentary system affords the luxury of time to make change, Spacey’s Richard III reminds us of how entertaining villains can be, on the excellence of orchids and other things, same sex marriage, and more proof that the way to a woman’s heart is through her stomach.

Invasion redux.

Paul Summerville • July 2, 2011

Articles on Japan’s power problems, how immigration keeps crime down, the big game in the South China Sea, Australia and aboriginal people, exporting Germany’s short work week to the US, and doubts about the Chinese economy.

Japan’s energy knive edge.

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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.