Smart Links 28 January 2013

Commentary on fraud in financial markets, the bear market, Apple, spend less or earn more, protecting food security, and another benefit of legalising cannabis.

Buyer beware.

Economist -- Just who should we be blaming anyway?
WHY have so few gone to jail for the financial crisis?

More.

Project Syndicate -- Financial Stars Behind Bars?
Hardly a day goes by without a settlement between a bank and a US government agency or regulator.

Still in a bear market.

Pragmatic Capitalist – About That Global Secular Bear Market
There was a bit of pushback in my recent article regarding the end of the recession in the USA. 

 

What next Apple? Time to bite?

Financial Times -- Perspective on Apple amid the clamour
It is hard to think of a company whose influence has been so profound.

As the bills pile up the options remain the same, spend less or earn more.

Independent -- 'My inner bourgeois soul has re-emerged'
Are we in fuel poverty?" Victoria asked me the other day.

Preventing global hunger.

Guardian -- Global food crisis: hunger games
For War on Want, food sovereignty is the only way to develop food security.

Legalise it and they will come.

National Post -- Legalize pot and reap the benefit from influx of toking tourists: Liberals
Canada’s economy could benefit from an influx of toking tourists if weed is legalized, the Liberal Party of Canada says in a new analysis that backs the party’s 2012 policy convention resolution.

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Twin Virtues: Inequality of Outcomes & Equality of Opportunity┬ę

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
 
Feminism is about women living their lives on their own terms, marshalling the resources of the society to make that possible, and men embracing this as vital to a successful society and their own liberation.