J.R.’s Zaphne Blog News for 03-26-2018

Compassionate capitalism in the Middle Ages

Compassionate capitalism in the Middle Ages: Profit and philanthropy in medieval Cambridge. Using recently discovered documents on medieval Cambridge, we have investigated how money was made through property speculation and how the profits of successful speculation were spent. Property markets developed in medieval England as burgage plots were laid out in new or expanding towns by local landowners, with the king’s permission. While the operation of commodity markets and local trade during the commercial expansion of the 13th century has been explored by economic historians, the operation of the property market has been under-researched in comparison. Our research combines statistical analysis of medieval records with detailed analysis of the backgrounds of the individuals and institutions that developed property portfolios. We identify patterns in rents, highlight strategies used to assemble property portfolios and examine how the profits of property speculation were spent. Medieval speculators invested in a variety of properties. Property hotspots with high-rents can be identified in three parts of medieval Cambridge: at the road junction by the hospital; west of the market; and near the river just south of the hospital. Figure 2 Map of medieval Cambridge showing property hotspots. Profits from the property market were recycled back into the community through donations to religious houses, hospitals and churches. Properties were cleared and streets obliterated to create a new site for King’s College Chapel during the 1440s. Profits from property speculation benefitted individuals, family dynasties and the urban community as a whole.

Keywords: [“property”,”medieval”,”Cambridge”]
Source: https://european.economicblogs.org/voxeu/2017/casson-lee-phillips…

Compassionate Jordan Peterson, David Henderson

I’ve watched the whole 30-minute interview of Canadian psychologist Jordan B. Peterson by the BBC’s Cathy Newman twice. When I showed it to a friend in Miami last week who knew nothing about him, we stopped after the 3-minute point because we found it so profound. Particularly moving were his words at the 1:57 point, when he says that many young men have heard almost no words of encouragement. My friend and I, who both went to the same therapist in the mid-1970s in Los Angeles, and who both went to a few of Nathaniel Branden’s weekend-long intensives in the late 1970s and early 1980s, appreciated that thought. Although it’s not true that I never heard words of encouragement, they were few and far between. Listening to this part the third time led me to think that Jordan Peterson is an incredibly compassionate man, especially toward younger men. I came to the same conclusion about Nathaniel Branden after going, at great expense and despite much skepticism, to my first Nathaniel Branden intensive in New York City in February 1978. In this audio, where I introduced Branden for a speech he gave at the Libertarian Party National Convention in Los Angeles in 1979, I talk about the moment during the weekend when I came to that conclusion. Postscript:I’m particularly interested in hearing from men about any memories you have of encouragement. Every few years at my cottage in Canada, we would overlap for a few days with my uncle from Texas and his family. In the summer of 1962, when I was 11, my uncle Elmer heard my brother Paul’s pet name for me: Henry. Uncle Elmer heard that and started calling me Patrick Henry.

Keywords: [“Branden”,”few”,”heard”]
Source: http://econlog.econlib.org/archives/2018/03/compassionate_j.html

Capitalism and Socialism, their strengths and weaknesses – patriotmongoose

Strengths – supports private property rights, focuses more on the individual, less government control, etc. Eugene Krabbs, the owner of the Krusty Krab, sees this and panics that the Chum Bucket with its new hours will be getting more business than him. The same goes for the lie that H1B visas and the phony shortage of STEM workers. Of course, to keep the people in line, the business elites will bribe the government with company donations, lobbying, etc, to help them pass laws to beat out the competition, look the other way while they try their best to get rich at everyone else’s expense, etc. At any rate, the vice of capitalism is GREED. Socialism -. The virtues of Socialism are COMPASSION and COMMUNITY. Weaknesses – Unfortunately, the very means of achieving socialism are its greatest weaknesses. This system will claim that you didn’t earn your wealth, that you either inherited it or got it by jipping someone else and thus the government should take some of it and give it to more deserving people. The virtue of capitalism, diligence, is seen as a vice under socialism. In time, more and more people end up on the dole, others get angry and fights break out more as they feel they are working just to pay off loafers. Eventually, the society will devolve into something called communism where the government and its few connected companies that pay homage to it. Eventually the people that are working will get tired of paying for all those that are not. To keep the society from collapsing, the government, of course, steps in and tells everyone what they get paid, what job they do, etc.

Keywords: [“Company”,”more”,”work”]
Source: https://patriotmongoose.wordpress.com/2015/11/11/capitalism-and…

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