Saturday Afternoon Links

Assorted material for your weekend reading.

- Armine Yalnizyan discusses how free-market economic theory fails to take into account the realities of human (and other animal) behaviour:

Observing a group of chimpanzees she had trained to use currency to trade for food, Ms. Santos found monkeys don’t like to save. They often steal from one another and from the market “salesman”. And they display a tendency towards greed. Sound familiar?

There’s more, and it speaks profoundly to what makes rapidly expanding markets so prone to increasing risk. Confronted with complex decisions we make mistakes, panic and revert to basic instincts. One such instinct is a bias towards thinking in relative, not absolute terms. Another is a bias towards loss aversion.

Both lead to a simple and potentially disruptive truth: Humans don’t like to lose anything of value that they’ve obtained, and will actually take on more risky behavior with the object of value in a misguided attempt to save what they already had.

The research gives the lie to the notion that markets are rational. It sheds important light on ways to reduce risk and improve performance. And it suggests why markets tend towards greater concentration, an inherently unstable distribution of resources and power because it reinforces both greed and fear.

- Meanwhile, it's a day ending in "y". Which means that Erin has once again exposed a Jack Mintz tax-slashing screed as containing a typical combination of factual errors, questionable assumptions and non-disclosure.

- I've supported competing candidates in each of the last two municipal elections. But it's still a plus to see Fred Clipsham pursuing the NDP's nomination in Regina Qu'Appelle - particularly since the incumbent manages to stand out even among the Cons' invisible Saskatchewan MPs for sheer uselessness.

- Let's give due credit to the Sask Party for at least one form of democratic participation that's been excised from all other parties besides the NDP, as it actually saw a sitting MLA defeated in a nomination contest. Though that type of competition would have far more meaning if it wasn't limited to changing the individual responsible for defending policies not set by the party's membership.

- I don't dispute that it would be a plus to see usage statistics for SaskConnected - both to see how it's working now, and how it can be improved. But otherwise, David Seymour's attempt to sell the service off looks to be based on little more than the usual desire to hand free assets to the private sector rather than any valid reason why wireless Internet access can't practically be treated as a freely available public good.

- Finally, pogge nicely points out what's most frustrating about the current federal landscape:

This last extended break from blogging was originally prompted by illness but more recently I've simply had difficulty getting my enthusiasm for it back. Weighing in on the endless election speculation doesn't do a whole lot for me when I don't expect the outcome of an election to make a lot of difference in the direction the country takes. And I don't. When the rallying cry "Blogging for a Harper-free Canada" first surfaced a while back, my initial reaction was to ask myself why we should set the bar so low. I still think it's a good question.

And the likes of Thomas Walkom aren't helping matters by looking to keep the bar in position through the next election campaign.

On deep benches

Since I posted last week about Noah Evanchuk's intention to seek the NDP nomination for Palliser, there's been a flurry of discussion about impending nomination possibilities. So let's take a closer look at what we might see in Regina's other ridings.

To start with, it's worth noting that at least two of the three other local ridings have strong 2008 candidates who (to my knowledge at least) haven't ruled out running again. In Regina Qu'Appelle, Janice Bernier held onto the 32% share of the vote won by former MP Lorne Nystrom in the previous two elections, and won nothing but accolades as a committed and adept campaigner. And in my home riding of Wascana, Stephen Moore likewise earned nothing but praise personally in holding the NDP's share of the vote at 15% despite a fevered battle between the Libs and Cons over Ralph Goodale's riding.

I'll assume for the moment that Fred Kress won't take another shot at Regina-Lumsden-Lake Centre after stepping in at the last minute for Moe Kovatch in 2008. But even there, his success in similarly holding the NDP's share of the vote - despite his starting late, and facing a Liberal star candidate who crashed and burned - should make him a strong possibility if he does want to run again.

From that starting point, the question is how much turnover there might be before the next set of nominations. And more than a few people are tossing out suggestions.

Yens Pedersen in Regina Qu'Appelle? Doubtful, as everything I've heard suggests that he'll stick to the provincial scene, and I'd expect him to want to run in either a riding with a strong prospect of success or one where coming up short won't be seen as a mark against him. (In that respect, in an ideal scenario where the NDP made the federal scene its sole priority, it might be interesting if Pedersen were to say "yes" to Wascana: would a high-profile three-way race finally push Goodale to his tipping point, or even open the door for him to be beaten without going voluntarily?)

"Meili folks" in Regina Qu'Appelle and Regina-Lumsden-Lake Centre? While I don't see Buckdog's post as actually making this suggestion, it could reenergize the party's Regina base in a hurry. That said, though, I wonder whether the Meili movement might be best focused on a couple of adjacent ridings rather than spreading itself into most or all of the ridings - allowing for the Meili supporters to put in a concentrated effort in the west or south of Regina, while freeing up the NDP's existing support base to work the other two ridings.

Putting all of the above together, the ideal scenario based on the names and ideas now in play might be something along the lines of Evanchuk in Palliser, another Meili stalwart in Regina-Lumsden-Lake Centre, and Bernier and Moore each taking a second shot at their respective ridings. But there's every possibility that other top candidates might surface from among Dwain Lingenfelter's personal connections, or be brought in thanks to the federal party's increased organizing efforts.

The question then would be how to fit that kind of talent into an already-strong slate. Which, needless to say, is not a bad problem for the NDP to face going into the next federal campaign - and hopefully it's one that will only get more complicated next time out thanks to the addition of incumbencies to the mix.

(Edit: fixed wording.)