Smart Links 06 July 2012

Commentary on the consumption tread mill, is Microsoft next, who are the innovators, learning Mandarin, and worrying about the impossible.

Is our species doomed to consume ourselves into extinction?

Financial Times -- Enough is enough of the age of consumption
Until fairly recently economists envisaged three stages of economic development.

Related.

Ronald Wright – A Short History of Progress
The first of Ronald Wright's 2004 Massey Lectures, collectively entitled "A Short History of Progress".

Dumb decisions.

Vanity Fair -- Microsoft’s Downfall: Inside the Executive E-mails and Cannibalistic Culture That Felled a Tech Giant
Analyzing one of American corporate history’s greatest mysteries—the lost decade of Microsoft—two-time George Polk Award winner (and V.F.’s newest contributing editor) Kurt Eichenwald traces the “astonishingly foolish management decisions” at the company that “could serve as a business-school case study on the pitfalls of success.”

Related.

Vanity Fair – Microsoft’s Odd Couple
It’s 1975 and two college dropouts are racing to create software for a new line of “hobbyist” computers.

Following innovators. Thanks to Robin of Victoria lately of Croatia.

Knowledge Wharton -- 'Creating Innovators': Raising Young People Who Will Change the World
Leading thinkers, from President Barack Obama to Thomas Friedman, argue that innovation is key to improving the United States economy, now and in the future.

Learning languages.

Economist -- Learning Mandarin, whatever it takes
TODAY'S Wall Street Journal offers a useful update to the annual "Americans are rushing to teach their kids Mandarin" story.

What me worry?

National Post -- Andrew Coyne: Quebec separation scenario isn’t just unlikely, it’s impossible
Just in time to celebrate the national holiday a Postmedia/Ipsos Reid poll arrives with news that one in two Canadians couldn’t care less if the country breaks apart.

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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©

LimeSpot: Own Your 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.