Paul Summerville • May 12, 2012

Commentary on India’s Achilles heel, thank goodness for single mothers, growing Euro fall out, risk-off rises, and the dangerous Canadian real estate market.

India’s self-inflicted mediocrity.

Economist -- One dishonourable step backwards
HOW should one judge the lot of women in India, a country that is in many ways progressive, modern, tolerant and yet by turns repressive and hostile?


Paul Summerville • May 1, 2012

Commentary on investment research, shaky Asia, education intergenerational mobility, France’s citizen king, and the decline of Canada's Parliament.

Morgan Stanley’s OVERWEIGHT on Lehman Brothers 60 days before it went bankrupt.

Pdf below -- Lehman Brothers Bruised Not Broken

Why the economic crisis that started in the housing market in the United States, is passing through Europe, will end up in Asia.

Paul Summerville • April 9, 2012

Commentary on our universe without purpose, the captain matters, the Titanic’s hold on our imagination, cheater, dismantling the Euro, can India and Pakistan get along, son of Japanese war criminal and the POW his father tortured, and the 95th anniversary of Vimy Ridge.

A magical universe. (ed’s note  -- the purpose of course is what we put into it).

Paul Summerville • December 25, 2011

Commentary on the Big Lie, Japan’s scary finances, from a Catholic private school in India to a nuclear bomb in North Korea, confessions of an economist, Mark Carney on what’s next, and a modest proposal reprinted.


Just like governments telling their citizens that crime rates are rising to justify boneheaded crime bills, financial firm apologists have been blaming the mortgage crisis on public policy that encouraged home ownership. Shame.

Paul Summerville • October 26, 2011

Commentary on 7 billion human beings and rising, what makes Mitt Romney tick, the heart of the matter, economists telling tall tales, Angela’s smirk, China’s easy money consequences, Indian capitalism, and the science of crime casts a harsh light on Conservative crime plans.

The human species is 7 billion strong and rising. Put your birthday into this link and see how many fellow human beings were on the earth when you were born.

Paul Summerville • October 15, 2011

Commentary on radioactivity hotspots in Japan, protest by numbers, is it 9-9-9 or (yikes!) 6-6-6, a growing cloud over the rainbow, the sad news of having to go to Dartmouth, and Mark Carney the emerging superstar.

That reassuring sound of radioactivity. Thanks to Jeremy of Tokyo.

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 27, 2011

Articles on why democracy is the best political system for economic growth, left of centre parties aren’t winning public trust, the danger of a bank’s 15% plus target returns, and Canada speaks.

Why democracy is the key to economic success, China and India provide clues to the answer. Thanks to Robert of Victoria.

Paul Summerville • July 10, 2011

Articles today on a special art exhibition on China, Jerusalem’s divide, art discovery, the slow grind of post-tsunami reconstruction, John Mauldin’s riff on America’s persistent employment problem, the Republican’s shameful economics, Africa’s IT boom, bad market news, and two important women.

Ken of Tokyo/London encourages anyone in London, England to visit the art exhibition Lost in Transformation.

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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.