Smart Links 17 June 2012

Commentary on the responsibilities of democracy, Facebook’s attempt to map human behavior, the case for Fed easing, Arctic’s hidden treasures, the great Bieber contagion, and the Liberals only chance.

How Greece got swallowed by its own invention.

New York Times -- How Greece Squandered Its Freedom
MY country is hurtling toward an election that will decide its fate — whether Greeks will fight on to remain part of Europe’s core or succumb to their own weaknesses and turn inward, choosing isolation, anger and uncertainty greater than that from which they wish to flee.

Like/Unlike.

Technology Review -- What Facebook Knows
The company's social scientists are hunting for insights about human behavior. What they find could give Facebook new ways to cash in on our data—and remake our view of society.

Related. Of all issuances that raised more than $1 billion in the U.S., only Giant Interactive and United Microelectronics fared worse than Facebook (Unlike).

The Fed’s next move. Thanks to Russell of Victoria.

Pdf below -- US Economics: Fed Outlook Further Easing to Come

The blessing and curse of Arctic melting.

Economist -- Hidden treasures
The melting of the Arctic is both a blessing and a curse.

The science of Bieber.

Atlantic -- Science Confirms: Bieber Fever Is More Contagious Than the Measles
Imagine: you're the parent of an adolescent Justin Bieber fan. At some point, the musical heartthrob has probably struck fear into your heart -- the fear that your child is in the clutches of an unhealthy obsession.

 

Andrew Coyne delivers some tough love. (ed’s note – triangulating a strong economy with social and environmental justice is a potential blueprint for a revival: eliminate corporate taxes and the first $20,000 of earned income, establish a guaranteed annual income and Canadian carbon tax, and raise the GST to 10% with no exceptions)

National Post -- Plenty of room for a tell-it-like-it-is third party: Sadly, the Liberals aren’t that
Bob Rae is a serious man, and as a serious man could see the leadership of the Liberal Party is no place for serious men.


 

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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.