Friday, November 12, 2010

The New Scandinavian Model

[In the 1970s, the Scandinavian or Swedish economic model was popular among leftwingers around the world. Today, in the aftermath of the global financial crisis, the Scandinavian model has achieved a new popularity but not with the left. Instead it is admired by the socially responsible, yet free-marketeering right.]

[The Scandinavian welfare state of the 1970s was utopian because it was impossible to finance. Its very populist idea was that the state should do ever more for the people without consideration of costs. But one of the outcomes was low growth from 1970 to 1993, accompanied by rising budget deficits.]

The New Scandinavian Model

ça vous rappelle quelquechose ???

crédit : @antagoniste_net

Péréquation : plutôt 1200$ a chacun, Pierre Simard, cyberpresse

[ Imaginons maintenant que le gouvernement fédéral, plutôt que de verser cette somme à la province, envoie à chaque citoyen du Québec son chèque de péréquation. Pour l'année financière 2010-2011, chacun d'entre nous recevrait ainsi un chèque de l'ordre de 1200$, soit 4800$ pour une famille de quatre personnes.]

[Le gouvernement serait obligé d'être convaincant pour récupérer cet argent des poches du citoyen. Dans un contexte où la population est de plus en plus méfiante à l'endroit de sa gestion des fonds publics, il lui faudrait prouver que tout nouveau prélèvement - impôt, taxe ou hausse de tarif - se mérite; nous convaincre que les services publics répondent à des besoins réels et que le tarif exigé en contrepartie se justifie. Ainsi, le simple citoyen récupérerait une partie du pouvoir du gouvernement de lui dicter la nature et la qualité des services qu'il reçoit.

Vivre aux crochets des autres n'est jamais gratifiant. Plusieurs de mes collègues avanceront que c'est la péréquation qu'il faut abolir, qu'elle encourage l'inefficacité et crée de mauvaises incitations, etc. Évidemment?! Mais en attendant, pourquoi ne pas profiter de la manne fédérale pour redonner une certaine liberté économique aux citoyens du Québec? Ce serait si simple pour le gouvernement fédéral de cocher la case «changement d'adresse» et d'envoyer à chaque Québécois son chèque de bien-être social fédéral.]

http://www.cyberpresse.ca/opinions/201011/11/01-4341772-perequation-plutot-1200-a-chacun.php

crédit: @endroiteligne a @radiopirate

Obama sells GM to China, Ezra Levant

[Why did U.S. President Barack Obama give $65 billion of taxpayers' money to General Motors, and pressure Canada to give another $9 billion?
So he could clean up its balance sheet for selling a large stake in it to China, through China's government-controlled automaker, SAIC.]

http://ezralevant.com/2010/11/obama-sells-gm-to-china.html

crédit @antagoniste_net

The myth of deflation, Richard Salsman, Financial post

[Fears of “deflation” are widespread. By one account, “the scare word whispered around Washington these days is deflation, which means a falling price level and sometimes implies a stagnant if not collapsing economy.” The “scare word” also spooks the U.S. Federal Reserve, which is now planning to print US$600-billion in more paper money, even though it has already tripled its balance sheet since 2008, and even though currency-gold prices, the world’s most sensitive inflation indicators, have skyrocketed by 16% to 41% in the past year (depending on the currency), and by an average of 26%.]


http://opinion.financialpost.com/2010/11/11/the-deflation-myth/

crédit: @antagoniste_net

Merger not enough for SGF, Claude Garcia, Financial Post

[The Quebec government has just announced its intention to merge the Société générale de financement (SGF) and Investissement Québec, two government corporations that aim to stimulate the growth of businesses in the province. The debate that has begun over this reform offers the perfect occasion for evaluating the historical results of the SGF.]

[A closer look at the SGF’s historical results, however, suggests that a mere merger is not good enough. The SGF has sustained losses one out of every three years since it began operations. Moreover, both the frequency and the size of those losses have increased substantially over the past 10 years. The SGF has lost money during six of the last 10 fiscal years, which translates into a negative balance of $1.07-billion over this period.]

http://opinion.financialpost.com/2010/10/06/merger-not-enough-for-sgf/

crédit: @iedm_montreal

La Chine inquiétée par le comportement de la FED

[Zhang Tao, director of the international department of People’s Bank of China, also warned that disorderly capital inflows resulting from the Fed’s action could hurt emerging markets.]

[Doubtlessly, disordered international capital inflows will make emerging countries very vunerable. As emerging countries are important for the global economic recovery, that will greatly increase the downward risks in the world economy.]

http://www.reuters.com/article/idUSTOE6AA0BA20101111


Chris Christie, sous la loupe d'Obama

[What’s $2,000 in travel costs, assuming they really are unjustified, next to the government’s two-year spending binge?

But to ask the question is to miss the point. On President Obama’s watch, the priorities of the Justice Department seem to be dictated more by politics than merit. Thus, in 2009 the department famously dropped a clear-cut case of voter intimidation by the New Black Panther Party. Yet the department is bent on pursuing a long-settled, and far more trivial matter, against a popular Republican governor.]

http://frontpagemag.com/2010/11/12/coming-for-christie/

credit: @patlepresdespp