"What is it to do one’s “fair share”? In small groups, it’s clear enough. If my friend and I are shoveling the front walk, my fair share of shoveling, and his, is about half. Often we adjust for differences in ability. If I am big and strong and my friend is small and frail, his fair share may be as much as he can manage. That won’t mean that the whole remainder is my fair share, though. If we’re going to get the walk shoveled, I may have to do a bit more than my fair share. These things get complicated quickly. That’s why the question of what it means for an American do his or her fair share, qua citizen, is completely baffling."
~ The Economist’s always awesome bloggers on “The Politics of Fairness” via T.E.S. The article does a great job of attacking what we really mean when we talk about fairness, and wades into equality territory as well. A good read at either end of the political spectrum. Fair assessment?
Telling, and scary. The chart speaks for itself, though I’d be interested to know where the cut line stands for real income growth in the last decade? 52nd percentile? 80th? Where specifically do we need to start focusing on income growth?
(via The Economist)
Again, I’ll let another great body speak on my behalf when it comes to the most recent Debt Ceiling theater. Just get it done please Congress. The above is a graph of US Spending and Receipts over the years.
IN THREE weeks, if there is no political deal, the American government will go into default. Not, one must pray, on its sovereign debt. But the country will have to stop paying someone: perhaps pensioners, or government suppliers, or soldiers. That would be damaging enough at a time of economic fragility. And the longer such a default went on, the greater the risk of provoking a genuine bond crisis would become.
Like TED, but harder hitting. The Economist Ideas Economy event seems to have some harder hitting debates and discussions around key issues that will help startups and innovation in the United States. Of interest is Vivek Wadwha’s discussion with Federal CTO Aneesh Chopra on the Startup Visa as well as Innovation Clusters. I leave you this video for starters.
For more, here’s the full site
About Me
A strategy consultant with a passion for IT, geopolitics, economics, and the open ocean. Awed by simple, innovative solutions to difficult problems. This represents my favorite slices of the web and serves as networked storage for my brain which is now entirely pointer-based. Opinions expressed here are my own and do not represent those of any organization with which I may or may not be allegedly associated.
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