Africa

Paul Summerville • mars 20, 2011

With a third war against a Muslim country now started albeit with a modicum of support from other Muslim countries that has no obvious endgame, oil pressing through $100 a barrel, and Japan’s week long catastrophe raising all sorts of questions about the impact on the global economy, commodity producing countries are increasingly in the market’s crosshairs.

Time to start thinking about exiting the Canadian dollar (and other commodity currencies like the Australian dollar) at these parity levels and getting exposure to the US dollar.

Paul Summerville • mars 3, 2011

In 1906 a pygmy from the Congo, Ota Benga, was put in a cage in the Bronx Zoo with monkeys in an exhibit about evolution that from all accounts seemed pretty normal at the time.

How come today we seem to care what happens to people rebelling against autocratic leaders, in Libya, Tunisa, and other far away places?

One argument is that globalisation, the bane of many on the left, expands what one historian called the 'moral circle'.

When we trade with each other, we end up caring as well, as uneven as that process may be.

Paul Summerville • décembre 6, 2010

Rising and falling empires, a failing experiment in monetary union, pat downs, and the relentless melting of the polar ice caps pretty well adds up to something far less than an excellent future.

Still, the opportunity to make the world a better place for our species, and the species we share the world with, is within our grasp partly because we can compare ourselves to many other periods in history when life was really really lousy and learn from their bad choices.

Snipe and Reeds in Stream

Paul Summerville • février 16, 2010

The difference between the big leagues and all the other leagues is that in the bigs the only expectation is excellence, there is no other standard. Excellence is a state of mind. Error is hated. There are no excuses. You own the outcome. Anything less than excellence is not acceptable. You know the line in the song, 'If I can make it there, (New York) I'll make it anywhere'.

Paul Summerville • février 16, 2010

The discussion is a little reminiscent of Canada and US investment in the 1960s. 

This house believes that China's growing involvement in Africa is to be welcomed.

Paul Summerville • janvier 3, 2010

Jim Laxer, who I had the great privilege of once being a student of, is in good form bringing truth to the Prime Minister's exercise of power.

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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.