Smart Links 29 January 2013

Commentary on the 0D30 controversy, European amnesia, the liberal Obama, why Joe and Hillary won’t run, hungry dragon, lazy mob, Europe’s deadly demographics, and the future battle over 3D manufacturing.

When hiding behind fiction is wrong. (ed’s note – spoiler alert, the last part of the movie depicting bin Laden’s assassination was just as fascinating as the pursuit and decision to launch the mission).

New York Review of Books -- ‘Disturbing’ & ‘Misleading’
It is not unusual for filmmakers to try to inject authenticity into a movie’s first frames by flashing onscreen words such as “based on real events.”

Don’t worry, be happy.

Financial Times -- Markets: Back in the zone
Can flows into the euro last?

Obama 2.0.

New Yorker -- Walking the Walk
After Barack Obama had been sworn in for the final time for his final term—and after he had delivered his final Inaugural Address, and after he had turned to leave the podium atop the Capitol steps (though not before turning back to gaze at the multitude on the Mall, murmuring, “I want to take a look one more time, I’m not going to see this again”), and after he and Michelle had walked down Pennsylvania Avenue—the Obamas repaired to a glassed-in reviewing stand in front of the White House.

November 2016.

National Journal -- Why Clinton and Biden Won't Run in 2016
Speculation about the two heavyweight Democrats is rampant, but will probably lead nowhere.


Hillary Rodham Clinton – Women’s Rights Are Human Rights

China’s credit hunger.

GMO – Feeding the Dragon
For GMP’s asset allocation team, valuations are our first protection against losses.


Growing up lazy.

Guardian -- Europe is haunted by the myth of the lazy mob
It suits the wealthy to turn the debate about poverty into a morality tale, but the reality is that inequality is structural.

Older older.

Economist -- Working-age shift
Growth will suffer as workers dwindle.


3D war.

Macleans -- Why 3D printers could hammer the manufacturing industry
The new age of piracy.


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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©

Twin Virtues

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 loses.

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.

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 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 that are good for society and the economy.

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.

Free trade is a wonderful thing. Time and time again economists have proven that free trade creates enormous wealth for each country 'on the whole'. Historians have shown that free trade is usually associated with rising political, social and cultural liberty. The perennial problem is that free trade always creates tremendous disruption for thousands even millions of individuals often concentrated in one geography, and where the state is idle, not investing in best in class instruments of social justice, free trade can be a permanent ticket out of the middle class, down, not up.

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.

It is possible to operate on two different levels: the practical, cautious and conservative; and the realm of ideas, open, free, and radical.