From the category archives:

Economies

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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“Hell yeah, Arizona! Send them home!”

by Rod Edwards on May 18, 2010

Here’s one reason why Arizona’s new laws aren’t any good: to those who chose not to exercise reason, the laws institutionalize bigotry, and in doing so make it passable for everyone – like this restaurant owner in Georgia:

Mulligan’s on Roswell Road in Cobb County joined the heated debate over illegal immigration.

A sign in front of the restaurant read, “Hell Yeh [ sic] Arizona. Send those [expletive] home! Anchor babies & all! If u [ sic] can’t feed um [ sic] don’t breed um [ sic]”

via Marietta Bar Hangs Controversial Sign.

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What do you think of Arizona’s “papers please” laws?

May 18, 2010

Arizona is on the front lines of the battle against illegal immigration over the US-Mexico border, and is now in the front lines of the PR battle over quasi-fascist “papers please” immigration laws. My opinion is below – what’s yours? Background: The state legislature recently passed an extremely strict new set of laws that grants [...]

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Can pellet fuel make coal plants green?

May 13, 2010

This is an article I wrote for WorldChanging Canada on a Manitoba startup that aimed to convert ag waste and landfill biomass into fuel that could replace coal. The story ends with the company being shut down, but its a fascinating tale nonetheless. A few months ago, I sat down for coffee with Winnipeg entrepreneur [...]

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Honk If You Want To Raise Taxes on the Wealthy

April 12, 2010

“Our investment as citizens in our collective “commons” lays the foundation for our individual wealth and success. Taxes are the price we pay to live in a civilized and healthy society. Those of us who have disproportionately benefited from public investments have a responsibility to pay back our society so that others can have similar [...]

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Whoa: Facebook Credits coming soon; a tax-free, global consumer currency

March 24, 2010

A perfect end-run around online taxes. How long will it be before Facebook’s 400 million users, now armed with their own currency, start siphoning off material percentages of nation’s economies? Add one more piece of evidence to all of those rumors about an impending launch of a Facebook virtual currency at the upcoming f8 conference [...]

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Thanks for the interest rate hike, Vancouver Olympics

March 19, 2010

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 [...]

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Study finds median wealth for single black women at $5

March 10, 2010

For all working-age black women 18 to 64, the financial picture is bleak. Their median household wealth is only $100. Hispanic women in that age group have a median wealth of $120. “That means half of [black women] have a net worth of more than $100 and half have a net worth of less than [...]

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Dreaming the Possible Dream: Friedman on America’s Innovation Culture

March 8, 2010

Thomas Friedman writes in the NYT today about America’s innovation culture. Its interesting that Friedman’s two examples of American innovators are both immigrants, but Friedman doesn’t wade into the heavily politicized immigration & visa  issue. Its a great story – very inspiring and encouraging – but perhaps alarming for the fact that America’s real contribution [...]

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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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