Republicans

Paul Summerville • August 17, 2011

Articles on a China re-think, convergence of Japanese and US yields, US job creators, radical republicans, and rethinking happiness.

Great China bull Niall Ferguson has second thoughts.

The Daily Beast -- Gloating China, Hidden Problems
Beijing has chastised the U.S. for fiscal recklessness, but it may be headed for an economic collapse of its own.

The great convergence.

Paul Summerville • May 12, 2011

George Orwell’s famous essay on British Imperialism was about how he shot an elephant in Burma so he didn’t look foolish.

With 2,000 or so Burmese looking on he felt he had to pull the trigger.

In the United States the elephant is public debt, and the Republicans are having trouble finding a top gun.

Articles also on Greece, Japan rethinking its economy (again), the high cost of wage taxation, whether an expensive university education makes sense, contemporary Chinese stuff, playing with time, and Canada’s social conservatives start to stir.

Paul Summerville • November 1, 2010

David Brooks argues that Obama's looming defeat has been baked in since the spring of 2009.

Ever prescient Brooks argues that the combination of the bank and auto industry bailouts and sickening sense that the economy had made a permanent downward shift left independent voters appalled at the unfairness of the rescues and the increase in the size of government.

Obama's 'religion and guns' dismissal of any populist critique left him blind to the political consequences.

The price will be high.

Paul Summerville • October 4, 2010

I had two interesting conversations over the weekend about economic incentives.

The first conversation happened with a UVIC MBA student I am mentoring while we were having dim sum at Golden City on Saturday.

He remarked that he had an exam a few days before that included a question about the responsibility that corporations had to protect the environment.

http://www.fujiarts.com/cgi-bin/main.pl

Paul Summerville • March 24, 2010

Sure to inflame the conservative talk shows in the United States is news that a controversial event at the University of Ottawa featuring right-wing U.S. pundit Ann Coulter was cancelled due to safety concerns. It should however inflame all talk shows particularly in Canada. We put people in jail not for what they think or what they say but what they do or get other people to do.

Paul Summerville • November 9, 2009

The reason why the Democratic victory in New York’s 23rd is a mixed blessing is simple: it increases the odds that the Republicans will not do Democrats the great favor of committing suicide between now and the next Election Day.

The election results underlined -- despite the best efforts of the ranting Right -- that if you want to win power in America it is better to take your tea in the centre.

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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.