From the category archives:

Consumerism

Tony Blairs “cool Britannia,”epitomized by hedge fund managers, Russian oligarchs and media stars, offered little to the working and middle classes. Despite its proletarian roots, New Labour, as London Mayor Boris Johnson acidly notes, has presided over that which has become the most socially immobile society in Europe.

via The Future Of Americas Working Class | Newgeography.com.

A very interesting perspective on how economic growth in the post-millennial western world is defined by a hollowing out of the middle, the consolidation of the super-wealthy, and the growth of a large, working-poor class. And, all of it is wrapped up neatly in a bow of complete social immobility.

It might be cliche to sound the call of the “rich get richer while the poor get poorer,” or it might be anti-conservative to suggest that there’s a policy agenda that should speak to mobility. But, having spent time in places like Bangladesh, Indonesia, or Mexico, I can attest to the value of social mobility. In fact, I would go so far as to say that the notion of “freedom” to which we vigilantly cling as conservatives is best reflected by social mobility, or “opportunity.” The freedom to take risks and strive for a greater future, the freedom to take risks, fall flat on one’s face, and be able to pick themselves up again. Each of these freedoms is dependent on access to capital, healthcare, and education, and a social net to some degree – making the each of these – capital, health, education, and welfare – fundamentally conservative values, in as much as they support the most conservative value of all – freedom of social mobility.

There’s a fine line, of course, between creating a state in which social mobility is a driving force, and creating a welfare state. Britain appears to be struggling to find that balance, with immigration and the widely available dole wreaking havoc on their social contract.

Perhaps worse that the effects of immigration and welfare policy, however, is the corrosive dissolution of manufacturing industries. This is something that I’ve observed in my travels. The Middle Class, as we know it, is the product of reasonably well-paid manufacturing jobs – a class of employment that drove our economies through the fifties, up until the late eighties. Countries that have never had such an industrial leg up on creating a middle class inevitably stagnate at an equilibrium comprised of a wealthy elite and impoverished masses. That’s where our western economies are headed today – the loss of those jobs is corrosive to our social contract and mobility. When the middle class can no longer afford to perpetuate itself, you’re left with Bangladesh, or Rio de Janeiro.

That’s not to say that western cities are going to turn into Rio over night – though some might argue that its happening already (see: Safer in Baghdad than Chicago). Regardless, I believe as conservatives we have an obligation to forward a policy agenda that cognizant of the value of small government, but also not forgetful of the “freedoms” on which our continued success, failures, happiness, and mobility are dependent.

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However, analysts note the inflation data come with a caveat as the Winter Olympics in Vancouver drove up prices in some key categories.

The consumer price data, combined with robust retail sales figures for January, has likely set off alarm bells at the Bank of Canada, economists say, as to whether the central bank can keep its conditional pledge to maintain its target rate at 0.25% until July.

via Inflation surprise spurs rate speculation.

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Toyota’s Electronic Defects Apparently Discriminate Against the Elderly

March 12, 2010

These “electronic defects” apparently discriminate against the elderly, just as the sudden acceleration of Audis and GM autos did before them. In the 24 cases where driver age was reported or readily inferred, the drivers included those of the ages 60, 61, 63, 66, 68, 71, 72, 72, 77, 79, 83, 85, 89… via Theodore [...]

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Labour shortage in China is an opportunity for unemployed North Americans

February 23, 2010

Were all familiar with the concept of guest workers, right? If were willing to employ them, are we willing to be them? Taiwan-based optical disc drive (ODD) maker Lite-On IT's factory in southern China is running short of about 800-1,000 workers, about 10% of its regular personnel, due to a prevailing labor shortage in the [...]

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The New Poor & the New Structural Unemployment

February 21, 2010

The scary thing about this NYT article are the statistics that it shares about “recoveries” – how each has been weaker than the last in terms of job growth, and how recoveries have been driven by growth in the automobile, housing, and banking industries – the very industries at the root of America’s current woes. [...]

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Q&A: Greece’s financial crisis explained – CNN.com

February 11, 2010

So what’s the problem in Greece? Years of unrestrained spending, cheap lending and failure to implement financial reforms left Greece badly exposed when the global economic downturn struck. This whisked away a curtain of partly fiddled statistics to reveal debt levels and deficits that exceeded limits set by the eurozone. via Q&A: Greece’s financial crisis [...]

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Network Neutrality: Simple image explains what it is & why its important

October 29, 2009

Network neutrality, bandwidth shaping, megabits, the FCC, and the CRTC. NN is a confusing, acronym heavy mess that’s ill understood by policy makers and consumers alike (the FCC doesn’t get it). The simple image below explains it nicely. Right now, its implicit that our choice of internet provider (Shaw) doesn’t impact our choice of, for [...]

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Sometimes you need a little D4 or D5. Sometimes you need a lot.

September 29, 2009

As we get to know some of these chemicals better, we discover that they should not be trusted. Health Canada is proposing concentration limits for two common shampoo ingredients, siloxanes D4 and D5, aka, Octamethylcyclotetrasiloxane and Decamethylcyclopentasiloxane, respectively. D4 and D5 did make hair easier to dry, silky soft, and easier to work with. Also [...]

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Dude, where’s my savings?

September 29, 2009

Is anyone else alarmed that savings rate and economic growth have been so negatively correlated for the last 20 years? Does anyone wonder, after looking at a chart like this, if the American economy has managed to create anything “real” in the last 20 years? We like to imagine that economic growth is driven by [...]

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