Smart Links 19 January 2012

Commentary on internet blackening, a call for the Chinese state to reduce its control over the economy, the rising awareness of unwanted baby girls being murdered, speaking freely, the 15% problem, global imbalances are reflected in wealth too, and legalising marijuana.

The state is coming. Thanks to Ken of Tokyo/Hong Kong.

Daily Reckoning -- Blackout Wednesday: The Time Has Come
Wikipedia, that ever-evolving monument to human collaboration in the cause of global enlightenment, goes completely black today, Wednesday, Jan. 18.

The state should exit.

Financial Times -- Long march Ahead to Truly Capitalist China
It was widely believed in the early 1950s that the socialist Chinese government was the saviour of the poor and the free market an evil to our society.

The murder of baby girls.

Independent -- It’s a girl: The three deadliest words in the world
It’s a girl, a film being released this year, documents the practice of killing unwanted baby girls in South Asia.

The free speech debate. Thanks to David of London.

Independent – Trinity College Dublin: 'TCD denies free speech to right-wing speakers'
Dear me. 2012 was only two days old when I rejected my first invitation of the year.

Warren Buffet has already made this case.

New York Times – The 1% and That 15%
During the Republican debate on Monday, Mitt Romney suggested that he might release his 2011 tax return, but only in April.

The price of globalisation can be concentration of wealth.

Project Syndicate -- Global Imbalances and Domestic Inequality
Despite years of official talk about addressing global current-account imbalances, they remained one of the world’s main economic concerns in 2011.

Legalise it.

Toronto Sun – Getting high on the Grits’ pot plank

The Liberal Party convention last weekend revived the old debate on whether or not we should legalize marijuana.

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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©

To read the book proposal please click on 'About The Book' on the menu bar at the top of the page.

Ultimately, the most successful societies find the balance between the twin virtues of inequality of outcomes and equality of opportunity.

Tax policy should be founded on the principle of generating steady tax revenues sufficient to maximise sustainable economic growth and fund best in class instruments of social justice.

Public policy should never be designed to decrease inequality but should always be designed to increase equality.

Let the state regulate and the market operate (most things).

Welfare strategies are best designed as a hand up not as a hand out.

Find your voice and don't be the echo of somebody else.