Smart Links Canada Day 2012

Commentary on the US Supreme Court’s new ground, the problem with Canadian health care, rich Canada, and the CBC and market lessons.

The other ruling that mattered.

New York Times – A Pyrrhic Victory
THE obvious victor in the Supreme Court’s health care decision was President Obama, who risked vast amounts of political capital to pass the Affordable Care Act.

Related.

Economist -- John Roberts's art of war
AS PETER SUDERMAN of Reason put it, "Some coup". The individual mandate passes constitutional muster after all.


Fiscal Times – Why Roberts Saved Obama’s Health Care Law
In the end, it all came down to Chief Justice John Roberts, the sphinx in the center chair, who in a stunning decision wove together competing rationales to uphold President Barack Obama’s healthcare plan.

A large shadow. Ow Canada.

Globe and Mail -- Canada’s unhealthy medicare superiority complex
When it comes to health care, Canada lives beside the wrong country.

You are richer than you think.

Globe and Mail -- Canadians are richer than they think
It seems every day Canadians awake to another sober message from a bank economist or cabinet minister – one part scolding, one part warning, all very serious.

The CBC and the invisible hand.

Worthwhile Canadian Initiative -- "The Invisible Hand" on CBC radio
CBC radio is running a new program this summer on economics; it's called "The Invisible Hand".


 

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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©

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.