Smart Picks 31 May 2012

Commentary on feminism’s civil war, historically important currencies, China delusions, Europe’s got things upside down, food surplus and deficit, and ending public funding of Catholic schools in Ontario.

What role mummy?

New York Times -- ‘Mommy Wars’ Redux: A False Conflict
The “mommy wars” have flared up once again, sparked most recently by the publication of the English translation of Elisabeth Badinter’s book, “The Conflict:  How Modern Motherhood Undermines the Status of Women.”

Global trade and historically important currencies.

The Globalist -- A Brief History of Global Anchor Currencies
Throughout history, the global system of trade and finance has only ever been in "balance" by lucky coincidence — or when a hegemonic power has imposed its will in order to make the system work.

A clever reminder of what China is up against.

Also Sprach Analyst -- Top 5 delusional ideas China bulls have
Early last year, we published 10 reasons to short China, with practically nobody believing in it as everyone was still rushing to get a piece of China. 

The wrong medicine.

Financial Times -- This is a fiscal straitjacket for Ireland, not a union
 “Don’t piss down my back and tell me it’s raining.” This line from The Outlaw Josey Wales, the classic Clint Eastwood western, is self-explanatory. In contending that the fiscal treaty will solve our dilemma, the European Commission and European Central Bank are pissing down Ireland’s back and telling us it’s raining.

Forget about oil, who’s got food?

Economist -- How to feed a planet
Why the world needs an agricultural revolution in Africa.

 

Calling a spade a spade.

Globe and Mail -- Politicians, not Catholics, deserve Ontario’s wrath for funding religious schools
They are stubborn in defence of views that increasingly look anachronistic. Somehow, they have convinced themselves that the “diversity” of their province hinges on their ability to continue implicitly or directly telling some of the most vulnerable kids in the high-school system that there’s something wrong with them.

 

 

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Twin Virtues: Inequality of Outcomes & Equality of Opportunity©

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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.