Smart Links 01 June 2012

Commentary on Japanese companies in China, stormy politics in China, morality and money, how do you say emergency in Spanish, and Mulcair’s Alberta moment.

Complicated.

Financial Times -- Japanese SMEs take flight to China
Japanese business folk in China are not short of grumbles these days, what with the unpredictable officialdom, congested roads, soaring prices and thickening smog.

China political storm.

Project Syndicate -- China’s Political Storm
As senior leaders are purged and retired provincial officials publicly call for Politburo members to be removed, it has become clear that China is at a crossroads.

How much money would you take to get an advertising tattoo put on your face?

New York Times – Markets and Morals
Does it bother you that an online casino paid a Utah woman, Kari Smith, who needed money for her son’s education, $10,000 to tattoo its Web site on her forehead?

Spain on the brink.

Telegraph -- Spain faces 'total emergency' as fear grips markets
Spain is facing the gravest danger since the end of the Franco dictatorship as the country is frozen out of global capital markets and slides towards an epic showdown with Europe.

Related.

London Review of Books -- Save us from the saviours
Imagine a scene from a dystopian movie that depicts our society in the near future. Uniformed guards patrol half-empty downtown streets at night, on the prowl for immigrants, criminals and vagrants.

The education of Tom.

Globe and Mail -- Mulcair stands by oil-sands criticism despite ‘awe-inspiring’ tour
NDP Leader Thomas Mulcair has wrapped up his whirlwind Alberta tour, one where he toned down his language and largely avoided stirring new controversy.

 

 

 

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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.