The Parallel Parliament

Glen Pearson

Posts tagged “choices

Padlocking the Revolving Door

Posted on August 30, 2018

A couple of days ago, in a National Newswatch piece, I broached a sincere question: Can we actually afford the kind of capitalism we have at present?  There were lots of interesting responses, usually focusing on America as the epi-centre of economic dysfunction. So, it was surprising to read Franklin Foer’s column in the Atlantic yesterday talking about Senator Elizabeth Warren’s take on modern capitalism.  We’ve covered the feisty American senator (Ted Kennedy’s replacement) in previous posts, but with her courageous willingness to talk about the global financial order and its devastating affects worldwide, Warren is merely voicing what millions are thinking. She begins by acknowledging that her Democratic party’s recent flirtation with socialism is infusing a new generation of voters into the process, and…

If You Want to Fix Poverty, Fix the Economy

Posted on April 5, 2018

This is from a post I wrote a few years ago (October 2015) and it still seems as relevant today.  We’re still not making the choices necessary to attain serious poverty reduction.   He awoke from a deep slumber a couple of weeks ago to the sound of phone ringing incessantly, but when he answered he didn’t mind. Angus Deaton was being informed by someone on the other end of the phone that he was being awarded the Nobel Prize for Economic Science. Interestingly, it was how he shed new light on persistent poverty that earned him the credit. Or as the Nobel committee put it: “To design economic policy that promotes welfare and reduces poverty, we must first understand individual consumption choices. Angus…

  

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