China’s Replaying History, Computer War, Investing in Lifestyle, Shaky Remain Leadership
What I'm listening to.
Leaping in China (and running to Vancouver).
“As a liberal, I no longer feel I have a future in China,” a prominent Chinese think tank head in the process of moving abroad recently lamented in private.
Quote -- “The CCDI’s anticorruption campaign is chillingly evocative of the draconian repressions launched by the Eastern Depot during the Ming dynasty,” one historically minded corporate consultant told me. She was referring to a period in imperial history that represented a high tide of Chinese despotism.”
China panic has abated. The Shanghai Composite index of equities is back above 3,000. The much-feared devaluation never happened.
Quote -- "Our concern is some of the stimulus is likely to take the form of higher credit growth, more support for sectors that are in a secular sense declining and not that productive. We worry about the quality of growth more than the quantity of growth.”
There is a consensus that aggression by one nation against another is a serious matter, but there is no comparable consensus about what constitutes aggression.
No one, Moscow included, will argue against America’s use of the internet to attack Isis.
Borrowing for image.
Scroll through rapper 50 Cent’s Instagram feed and you’ll find a preponderance of photos where he basks in unimaginable riches.
Brexit slippery slope.
Public trust in David Cameron over Europe has slumped as a new poll for The Times shows the referendum on a knife edge.
(ed’s note -- history plays interesting games, the Remain vote now depends on a Labour leader that is loathed by Conservatives and a Tory leader over whom entitlement weighs on like a wet blanket.)
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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©
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.