Opinionomics: Cream of the commentators
The best of the economics op-eds and blogs from this morning and last night
1. Labour can't have it both ways on bonuses (The Telegraph)
Some of Ed’s team want to stop City payouts, others to tax them to pay for pet projects, notes Jeff Randall.
Labour's leader Ed Miliband wants us to give more patriotic support to UK businesses. But in an economy as open as the UK's, it is not easy to identify which companies are more or less British, writes Robert Peston.
3. OPEC and Uncle Sam (The Economist)
Taxation of petrol affects propensity to consume differently from market-driven price changes, writes Free Exchange. This is good news for those wanting to reduce consumption, but bad if fuel taxes are intended to raise revenue.
4. And Now for Some Good News (Climateer Investing)
The future isn't all doom and gloom, as the background of new technological marvels shows that the world is overdue a leap forward comparable to computing.
5. Newspapers are completely out at sea (Digitopoly)
The future is digital but the money still isn’t there, writes Joshua Gans. But what's interesting about newspapers isn't how disrupted they are but how slowly change is occurring.