Some countries have high domestic levels of innovation but unequal outcomes while others have lower domestic levels of innovation but more egalitarian outcomes.
As pretty much everyone in the world knows by now, Pope Francis published an encyclical recently On Care for Our Common Home, which discusses all things environmental—climate change, of course, but also air pollution, water pollution, sustainable development, the precautionary principle…the list goes on through 184-pages.
In a recent column from a Toronto journalist on communism and capitalism, the writer made an astonishing claim: While “millions have been the tragic victims of communism,” he wrote, “that number pales, surely, in comparison with the victims of capitalism.”
Any time of year is a good time to discuss poverty but the subject has obvious resonance at Christmas. Thus, unsurprisingly, Pope Francis recently wrote about the necessity of compassion for those on the margins.
In Evangelii Gaudium, the Pontiff covers much ground. He urges deliberate, thoughtful action for the world's poor and warns against the folly of loving money and worshipping consumer goods. These are calls with which no thinking, compassionate person should disagree.
"Travel", said Francis Bacon, "is part of education for the young and a part of experience for those who are older." But there is an additional benefit from a journey outside of one's own borders: a reminder of why certain places function better than others.
In a recent trip to Hong Kong, I met with a plethora of civil servants, some politicians and a few business people, all with an obvious interest in the future of that territory. My purpose was simple: to get a sense of how that territory has held up in the face of massive change occurring in China proper.
You might think the federal Conservatives, who added $125-billion to the federal debt since 2008 and will add another $21-billion by the end of March, might be shy about unnecessary expenditures. Alas, thats not the case, as it appears Prime Minister Stephen Harper and his colleagues would rather hand out cash to corporate Canada instead.
In just the first two weeks of January, the prime minister announced another $250-million for the Automotive Innovation Funda federal subsidy program that provides the auto sector with taxpayer cash for research and development.
In Fidel Castros recent interview with Atlantic Monthly columnist Jeffrey Goldberg and in response to the question, Is the Cuban economic model still worth exporting?, the retired dictator made this admission: The Cuban model doesn't even work for us anymore.
Several days later, Castro backpedalled. He claimed he actually meant the opposite. My idea, said Fidel, is that the capitalist system no longer works for the United States or the world. How could such a system work for a socialist country like Cuba?