Smart Links 08 November 2012

Paul Summerville • November 7, 2012

Commentary on the Republican dilemma and Maoist madness.

The Republicans got the majority of all voters except women, Hispanics, blacks, and Asians. Time to reboot.

New York Times -- Republicans Face Struggle Over Party’s Direction
Mitt Romney’s loss to a Democratic president wounded by a weak economy is certain to spur an internecine struggle over the future of the Republican Party, but the strength of the party’s conservatives in Congress and the rightward tilt of the next generation of party leaders could limit any course correction.

Tragic public policy is rooted in the same problem, a lack of transparency, faceless bureaucrats, and spineless leaders.

Economist -- Millennial madness
A shocking Chinese account of Chairman Mao’s great famine.

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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.