Wednesday Morning Links

Miscellaneous material for your mid-week reading.

- Lucy Shaddock offers a response to the Institute for Fiscal Studies' report on poverty and inequality in the UK, while McKinsey finds that hundreds of millions of people in advanced economies are seeing their real incomes stagnate or decline. And Mariana Mazzucato and Michael Jacobs provide their take on what the UK needs to reduce inequality:

Can May succeed in building an economy of broadly shared prosperity? Only if she is willing to govern with the revolutionary zeal seen in that speech. To address the problems she identified will require a complete departure from Osborne’s failed plans. But more than that, it will require a departure the orthodox economics that shaped them.

Policymaking over the past half-century has relied on a narrow school of economic thought, dominated by a simplistic idea of “markets” and “market failures”, of “competition” and “shareholder value”. May’s new agenda will need to draw on a much richer palette.

...(M)arkets are not external forces that bind firms to inevitable choices. They are created by the decisions made inside private and public institutions, as well as pressures from civil society. So not only can policymakers fix “market failures”, but they can also actively reshape and create markets for better ends.

- Andre Picard rightly argues that global targets to reduce the spread of AIDS can't be met without a thorough effort to fight poverty and prejudice.
 
- Chris Hatch weighs in on the need to revamp how Canada evaluates and regulates pipelines and other environmental risks. Will Horter notes that there's no reason for optimism based on the Libs' attempt to paper over the National Energy Board's failings. And the Toronto Star criticizes the Libs' lack of follow-up on a loud announcement about removing and banning asbestos.

- Jim Bronskill reports on the Communications Security Establishmen's newfound refusal to provide even statistical data about the sharing of information which may lead to torture.

- Finally, Marc-André Miron, Marie-Claude Bertrand and Cym Gomery point out that the typical talking points against proportional representation lack any basis in reality.