Smart Links 19 May 2012

Commentary on the profits in copying, comparative capitalism, the rise and fall of unions, free trade negotiations, public transit in 20 different  cities, Greece to leave soon, and the case for 100 million Canadians.

Important article that reminds us that there is much profit in copying and adapting.

Economist -- Pretty profitable parrots
For businesses, being good at copying is at least as important as being innovative.

Not all economies are created equal.

Globalist -- The US and the EU: Capitalisms Compared
With the eurozone up against the ropes, all signs are that the U.S. economy and economic model reign supreme.

As the economy becomes more specialised and skills based unions lose their ability to compete.

Pdf below -- Rise and Fall of Unions in the US

Thoughts on the announcement of free trade negotiations.

Economist -- China/Japan/South Korea economy: Free-trade talks begin
Asia's three largest exporters, China, Japan and South Korea, have agreed to begin negotiations towards a trilateral free-trade agreement (FTA).

Not far in Miami but miles and miles in London.

Atlantic Cities -- 30 Minutes on Mass Transit in 20 World Cities
You've got 30 minutes and a bus pass. The world is your weirdly shaped blob.

The banks go first.

Telegraph -- Debt crisis: Greek euro exit looms closer as banks crumble
A tsunami of capital flight from Greece threatens to overwhelm the authorities, forcing the country out of the euro before fresh elections in June.

A big country.

Globe and Mail -- What would a Canada of 100 million feel like? More comfortable, better served, better defended
If you were in London 110 years ago to watch the coronation of King Edward VII, it would have looked a lot like the scene of this month’s royal jubilee, with one notable exception: In 1902, the route of the royal coach, visited by millions of people, had been transformed into a giant advertisement for immigration to Canada.

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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.