Osama Bin Laden

Paul Summerville • May 7, 2012

Commentary on the global economy, no more German-French love, killing Bin Laden, and holding on to the middle class.

Fixing the global economy.

Financial Times -- A new way of thinking about the global machine
It is useful to think of the global economy as one dynamic and complex machine.

Related.

Paul Summerville • May 8, 2011

There have been some masterful political strokes in recent weeks, and some amateurish as well.

We have never been a fan of Stephen Harper but that won’t preclude us from acknowledging his masterful political journey over the last decade to a point now of potential seminal importance in Canadian history.

More than equally, we have never been a fan of Michael Ignatieff.

Harper’s good fortune was that Canada’s other political master Jack Layton was the one that cut Ignatieff in half without him even realizing it during the English language debate.

Paul Summerville • May 5, 2011

I will be leaving for Vancouver today to give a talk tomorrow for value fund manager Tim McElvaine’s clients.

The theme of my presentation will be the importance of politics and culture to shaping investment outcomes.

We are reminded by a beautiful tribute by Kevin Myers to a female colleague Elizabeth that it shapes much more than that.

Paul Summerville • May 2, 2011

What struck us about President Obama's comment on the death of Osama bin Laden was how matter-of-fact the whole process was.

Now its time to turn to the deficit and unemployment.

Articles on Bin Laden's assassination, US debt and unemployment, Greece and Spain, why economists are foolish, and the 41st Canadian Federal Election including Harper's bullying of the media and Jack's rise.

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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©

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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 ends up with less.
 
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 as a whole 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.
 
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.
 
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.