Paul Summerville • September 7, 2014

Why your local broker doesn’t stand a chance.

London Review of Books -- Be grateful for drizzle

Paul Summerville • April 20, 2011

The body blow that the global economy took from the financial crisis of 2007-2008 was nursed by unprecedented monetary and fiscal intervention by both high and low income countries.

The question facing monetary and fiscal authorities, as well as investors is, 'what comes next'?

This is particularly the case since despite these actions high income countries face a myriad of challenges consistent with weak economic growth namely anemic job growth and fiscal emergencies.

Paul Summerville • April 8, 2011

Justice is not blind, society shares part of the blame, mental illness is not understood, the death penalty is wrong.

The Cleve Foster saga continues.

Paul Summerville • December 10, 2010

The curse of 'interesting times' hangs heavy over a world where a Chinese Nobel Peace Prize winner is forbidden to attend the prize ceremony, voices warn about the bubble in China's property and banking sectors, adventurers swim in instead of walking on the North Pole, the world's largest economy risks becoming a fiscal Frankenstein, and instead of thinking about these challenges and the opportunities they present might mean to the people of British Columbia, BC Liberal Party leadership front runner Christy Clark starts her campaign by dialing up ancient anti-NDP rhetoric.

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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.