Smart Links 05 August 2011

Articles on rebuilding Japan, why Turkey’s political model is not for export, rethinking economics, #gfc, the Italy and Spain squeeze, why more immigration is better for Canada, and living to 100.

Can the rebuilding of the tsunami devastated parts of Japan bring an end to twenty-one years of malaise and decline? (ed’s note – no it can’t)

Financial Times – Japan: Protect and Revive
Laying out a vision for reconstruction of Japan’s tsunami-devastated north-east coast, a government-appointed council of experts made clear the goal should be much more than merely rebuilding the region’s shattered towns.

Related.

Atlantic – What Joe Biden Will Find in Japan
The White House announced yesterday that Vice President Joe Biden will travel to China, Mongolia and Japan starting the 16th of August.

Turkey’s model of military rule would not work in Egypt.

Foreign Affairs – Istanbul on the Nile
In the weeks and months since Egypt’s military officers forced then President Hosni Mubarak from power and assumed executive authority, the country’s military rulers have shown an interest in applying what many have taken to calling the “Turkish model.”

Related.

Foreign Affairs – What to Read on Egyptian Politics
Egyptian politics are frequently portrayed as either perpetually in crisis or essentially unchanging.

A three part series challenging the conventional economic wisdom that growth, market liberalisation, and inequality are keys to successful economies.

Globalist – The Need to Challenge Conventional Economic Wisdom
The global financial crisis of 2008-09 prompted a critical rethinking of the rules that regulate financial markets. According to Adair Turner, chairman of Britain's Financial Services Authority, the independent body that overseas financial markets in the UK, the world needs to undertake an even more fundamental rethinking of the conventional wisdom that has influenced economic policymaking for the past 30 years.

Capitalism in crisis.

Guardian – Are We Heading for a Second Global Financial Crisis?
How far are we from #gfc2? For those not aware, #gfc2 is the Twitter hashtag used for "global financial crisis 2". And the question I ask is a real one.

Alone together.

Telegraph – The ECB Throws Italy and Spain to the Wolves
Its refusal to act in the face of an existential threat to monetary union has set off violent tremors across the global financial system, raising the risk that the crisis will spiral out of control.

60 million Canadians by 2050 will require immigration levels around today’s levels. Here is the argument for even more. (ed’s note – comment section is, as usual, full of thoughtful insights).

Globe and Mail – More Immigrants are in Canada’s Interest
Immigration Minister Jason Kenney’s announcement that he’s launching stakeholder consultations on Canada’s immigration program presents a timely opportunity for a national conversation.

Related.

East Asia Forum – Australia’s Population Policy and the Resources Boom
The Australian Government is caught between two contending pressures regarding its population policy.

Living to 100.

Independent – Is My Newborn Ready to Face Living to 100?
The thing is, I'm not convinced that living forever is a very good idea, but it seems that the daughter with whom I am eight months up the duff may achieve just that.

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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©

LimeSpot: Own the Experience.

Leveraging Social Networks for Profit.
 
Marrying the product portfolio of brand name firms with the personal profile information on Facebook.
 
The LimeSpot enabled revolutionary new sales channel.
 
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.