Commentary on the best technology blogs, make the world simple, worrying about capitalism, a downgrade map, Europe’s youth unemployment disaster, EM downward surprise looms, not upper but over class, US targets Canadian marijuana, and finding a balance in campaign finance.

Where are you likely to first glean a disruptive technology that will bankrupt seemingly safe companies, read Blockbuster and Kodak? The top 50 tech blogs.

The Entrepreneur Blog – The Top 50 Technology Blogs to Watch in 2012

Is the risk greater than the return? Thanks to David of Victoria.

Gregor.us -- Returning to Simplicity
The modern world depends on economic growth to function properly. And throughout the living memory of every human on earth today, technology has continually developed to extract more and more raw material from the environment to power that growth.

Quote worth contemplating.

“Eventually the point is reached when all the energy and resources available to a society are required just to maintain its existing level of complexity.”

More from the Financial Times on capitalism. (ed’s note – actually the challenge for capitalism is always the same, how to tax and invest unequal outcomes to ensure equality of opportunity).

Financial Times -- The crisis raises legitimate questions about capitalism itself
PermaliComing from very different perspectives, the columns in the ‘Crisis in Capitalism’ series have each provided insights and identified steps that, in their opinion, could make things better.

Europe is not the only place where sovereign debt downgrades are likely to happen in 2012.

No work.

Business Insider -- The Staggering Cost Of Youth Unemployment Across Europe
As countries across Europe race to take on austerity measures and cut their debt burden, its getting harder and harder for people to find jobs. And the under-25 age group is being hit the hardest.

The year of living dangerously in emerging markets.

Project Syndicate -- Will Emerging Markets Fall in 2012?
Emerging markets have performed amazingly well over the last seven years. In many cases, they have far outperformed the advanced industrialized countries in terms of economic growth, debt-to-GDP ratios, countercyclical fiscal policy, and assessments by ratings agencies and financial markets.

Just too rich.

Telegraph -- The rise of the overclass
We’ve all heard of the 'underclass’: now its mirror image – a super-rich elite that is equally cut off from the rest of us – is defining the political debate.

Related.

New York Times -- The Wealth Issue
Mitt Romney is a rich man, but is Mitt Romney’s character formed by his wealth? Is Romney a spoiled, cosseted character? Has he been corrupted by ease and luxury?

US announces new strategy to combat marijuana imports from Canada. (ed's note - yes they promise to 'spend more money').

Toronto Star -- U.S. opens new Canadian front in war on drugs
The United States launched a new offensive Friday in its war on drugs, targeting Canadian marijuana and ecstasy traffic flow across its northern border.

Trying to find the balance on campaign financing.

National Post -- Andrew Coyne: A less comedic balance in the political marketplace
For once, Jon Stewart and Stephen Colbert have met their match.