Smart Links 28 November 2011

Commentary on the deep political problem with the Republican Party, the break up, why infrastructure spending in China could spur consumption, the cost of stupid immigration policy, and talking about dying.

Scary audience.

Financial Times -- Too trivial a debate for our times
H.L. Mencken, America’s patron saint of sarcastic one-liners, said “democracy is the theory that common people know what they want and deserve to get it good and hard”.

Why unthinkable?

Financial Times -- Thinking the unthinkable on a euro break-up
It has suddenly become respectable to ask the question: what would happen if the euro broke up?

From trains and bridges to stuff.

Financial Times -- China can help west build economic growth
Central to international efforts towards promoting strong and balanced growth is the need to generate demand, not only in developing countries but, more importantly, in developed countries.

Alabama shrinks without immigration.

New York Times – The Price of Intolerance
It’s early yet for a full accounting of the economic damage Alabama has done to itself with its radical new immigration law.

Life after death.

Globe and Mail -- Why are we afraid of talking about death?
This is a scenario Canadian doctors see too often: An elderly mother is dying in hospital, unable to clearly communicate; the family, in their grief, must make an emotional decision.

A Cartoon acceptanc

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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.