Smart Links 19 February 2012
Commentary on the rise of unwed mothers, Chinese aristocracy, big pay days in financial firms, and the cost of a bailout.
In the United States now more than 50% of children are born to unmarried women under the age of 30. (ed’s note – it is 41% for women over 30).
New York Times -- For Women Under 30, Most Births Occur Outside Marriage
It used to be called illegitimacy.
New Yorker -- On Contraception and Liberty
Here’s an image that couldn’t not go viral: House Republicans hold a hearing on the Obama Administration’s contraceptive-coverage rule.
Economist -- The data be damned
THE Obama administration's decision to compel Catholic universities, hospitals and charities to pay for insurance that covers contraception provides a good opportunity to riff off of my colleague's post on opinions that are beyond the reach of data.
Financial Times -- The princeling set to ascend the Chinese throne
When Xi Jinping was catapulted to the top of the Communist party hierarchy in 2007 the only thing most people in China knew about him was that he was married to a hugely popular military folk singer called Peng Liyuan.
The pay game.
London Review of Books -- The Doom Loop
Andrew Haldane writes about equity and the banking system.
The GM bailout wasn’t cheap.
Calgary Herald -- Public auto bailout cost $474,000 per GM employee
With sales and profits up at General Motors, proponents of the 2009 automotive bailout for GM (and Chrysler) now assert the taxpayer-financed rescue was a success.
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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©
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.