J.R.’s Zaphne Blog News for 10-15-2018

Compassionate Capitalist Coffee Break – Type 2 CrowdFunding – 506c

Eight Myths Americans Need to Unlearn About America

I’m someone who wants better lives for Americans - but is also quite critical, sometimes unsparingly so, of America. If we are to ever suggest Americans should be doing better, then we must be critical of America too, and examine why it hasn’t flourished and developed. Either these strange and foolish myths can be true, or America can be where it is - but you can’t have both. America does have a high rate of charitable giving - but that is because contributions are tax deductible, and the ultra-rich use them as a way to shield themselves from taxes. Virtue is a thing which results in the public good - and yet America has no public goods, from healthcare to retirement to childcare to elderly care. 

America doesn’t make the best stuff - it doesn’t make stuff anymore at all, really. In America, these things are mostly left to billionaires to fund, and so Americans have Tesla and weird startups that let people buy teenagers’ blood - but Europeans have cleaner energy grids and advanced public healthcare. America is full of people trying to do the right thing!! Maybe it is. If your bar for collapse is Mad Max meets the Strain sure, America hasn’t collapsed yetto that point. 

Just go away!! We don’t need to listen to people who are critical of America! They’ll never help us!! Listen. There are not many people in America who observe it in that way, which is the way that I do - because not many have a lens that isn’t just made of the same old American myths. 

Mostly, American commentary is made by people who’ve only ever lived, studied, worked, played in America. 

Keywords: [“America”,”American”,”people”]
Source: https://eand.co/eight-myths-americans-need-to-unlearn-about-america-560fa10ddba6

Why capitalism is like a broken down car

Professor Muhammad Yunus was at his provocative best here at the World Economic Forum annual meeting in Davos. In a special one to one debate with Rana Foroohar from Time magazine, he claimed that the current capitalist system simply had to be replaced altogether. He likened the current capitalist system to an old car. When you have an old car, he said, it starts to break down and you have to repair it. This starts to happen more and more frequently until it is only logical to replace the old car with a brand new model. 

Logic dictates, he maintained, that as the current capitalist system keeps breaking down it must be replaced with a completely new economic system. There was a glint is his eye when he said this because he knew that he caught everyone’s attention but he went on describe what a new economic system might look like. Yunus was full of ideas about what a sustainable economic system might look like in a world where poverty no longer existed. There has been a great deal of discussion in Davos this year about how to change the current economic model. As the engine of the current economic system seems to be straining and spluttering with high unemployment, so the idea of having a completely new car to deal with the challenges of today seems quite appealing. 

Pictured: A man repairs a car on a street in Havana in this September 22, 2010 picture. The views expressed in this article are those of the author alone and not the World Economic Forum. 

Keywords: [“Economic”,”system”,”new”]
Source: https://www.weforum.org/agenda/2012/02/yunus-ditch-capitalism-for-a-new-car/

Compassionate Capitalism With David Meltzer

You’re one of those people that every time I’m with I feel like I’m at home. Part of the reason people are so curious about other people’s pivots is that the word pivot has a connotation of something went wrong and something went bust. One of the most famous pivots that I sometimes share with people that people don’t know is that YouTube was originally a video dating site. Sometimes we didn’t have food, but the only time there was any awareness of unhappiness in my home was when I’d catch my mom crying because the car broke down or the dishwasher didn’t work or she couldn’t afford me to go to a camp and she was worried about how she was going to pay for college with all these bright children. I’m going to be rich because when I graduate law school from Tulane and I studied really hard, top of my class, I had two job offers. 

That’s my first prayer every day, that God put ten people in front of me I can help. Most people go the whole day and they don’t get the car back to center where you can just have one finger on it. For a lot of people, it’s really important what you’re talking about, something that’s pragmatic in the spiritual realm. We’re getting into some fun things here with people who visit. Most people are not making time for themselves and for their own self-care. 

I’m going to ask you the final question, David. You can get there by going to PivotFB.com, a really simple shortcut to get to that spot. 

Keywords: [“going”,”people”,”know”]
Source: https://www.adammarkel.com/podcasts/compassionate-capitalism-david-meltzer/

J.R.’s Zaphne Blog News for 06-06-2018

Compassionate Capitalism With David Meltzer

Goldman Sachs report: “Is curing patients a sustainable business model?” / Boing Boing

The authors were apparently spooked by the tale of Gilead Sciences, who developed a Hepatitis C therapy that is more than 90% effective, making $12.5B in 2015 – the year of the therapy’s release – a number that fell to $4B this year. The analysts are making a commonsense observation: capitalism is incompatible with human flourishing. Markets will not, on their own, fund profoundly effective cures for diseases that destroy our lives and families. This is a very strong argument for heavily taxing the profits of pharma companies’ investors and other one percenters, and then turning the money over to publicly funded scientific research that eschews all patents, and which is made available for free under the terms of the Access To Medicines treaty, whereby any country that devotes a set fraction of its GDP to pharma research gets free access to the fruits of all the other national signatories. If there’s one thing that challenges the extreme libertarian conception of owing nothing to your neighbor save the equilibrium established by your mutual selfishness, it’s epidemiology. 

Your right to swing your fist ends where it connects with my nose; your right to create or sustain reservoirs of pathogens that will likely kill some or all of your neighbors is likewise subject to their willingness to tolerate your recklessness. Hawaii’s Kilauea volcano has been spewing hypnotic blue flames thanks to the burning brimstone. It’s rarely in the papers, but thanks to a weeping Mary statue at Our Lady of Guadalupe Catholic Church, it’s become international news. With Mini Materials Miniature Cinder Blocks, you can take some time for yourself and decompress by turning your desk into a miniature construction site. They’re available today in the Boing Boing Store for $22.49. 

This Emergency Multi-Function Radio & Flashlight takes the utility of the tried-and-true radio and combines it with a powerful flashlight and self-sufficient energy system. 

Keywords: [“cures”,”therapy”,”research”]
Source: https://boingboing.net/2018/04/14/shared-microbial-destiny.html

In Defense of Compassionate Capitalism

In it, he argues that compassionate capitalism is not a viable path and that the worlds of business and social good should be separate. As someone who has run a for-profit, social venture for the last seven years where the societal good is baked directly into the product, I can assure you that the TOMS one-for-one model does not represent the entirety of the compassionate capitalism movement. While Wallach may have some legitimate concerns with the TOMS model, throwing the baby out with the bathwater is not the solution. If Mother Teresa is generating an abundance of societal good in the world, then let her drive as many Ferraris as she wants. They tackle the world’s biggest problems, like healthcare, hunger and global warming, and they use technology to figure out how to solve these problems at scale. 

Holmes is the 31-year-old founder of Theranos, a blood testing company based out of California. After her uncle died of cancer that was caught too late, Holmes dropped out of Stanford in 2003 determined to find a way to detect diseases earlier. Today her company is worth $9 Billion and she is the world’s youngest self-made woman billionaire with a networth of $4.5 Billion. THIS is compassionate capitalism at it’s finest. As Dan Pallotta eloquently explained in his 2013 TED talk, the existing non-profit model - the Wallach model, is dead. 

The Holmes model is the model of the future. My Own Experience With Compassionate CapitalismHaving started one of the first startups in Chicago to have success with a compassionate capitalism model, my co-founder, Desiree Vargas Wrigley and I have faced a continuous uphill battle trying to convince the D.A. Wallachs of the world that this new paradigm works. To me, this is an unqualified and resounding win for compassionate capitalism. 

Keywords: [“Compassionate”,”Capitalism”,”out”]
Source: https://medium.com/startupsandburritos/in-defense-of-compassionate-capitalism-41402a4f1e45

Compassionate Capitalism With David Meltzer

You’re one of those people that every time I’m with I feel like I’m at home. Part of the reason people are so curious about other people’s pivots is that the word pivot has a connotation of something went wrong and something went bust. One of the most famous pivots that I sometimes share with people that people don’t know is that YouTube was originally a video dating site. Sometimes we didn’t have food, but the only time there was any awareness of unhappiness in my home was when I’d catch my mom crying because the car broke down or the dishwasher didn’t work or she couldn’t afford me to go to a camp and she was worried about how she was going to pay for college with all these bright children. I’m going to be rich because when I graduate law school from Tulane and I studied really hard, top of my class, I had two job offers. 

That’s my first prayer every day, that God put ten people in front of me I can help. Most people go the whole day and they don’t get the car back to center where you can just have one finger on it. For a lot of people, it’s really important what you’re talking about, something that’s pragmatic in the spiritual realm. We’re getting into some fun things here with people who visit. Most people are not making time for themselves and for their own self-care. 

I’m going to ask you the final question, David. You can get there by going to PivotFB.com, a really simple shortcut to get to that spot. 

Keywords: [“people”,”going”,”know”]
Source: http://www.adammarkel.com/compassionate-capitalism-with-david-meltzer/

J.R.’s Zaphne Blog News for 02-15-2018

Compassionate Capitalism-Part 4

We Have Killed Capitalism-Jim Sinclair

Because I think it is the most important interview of the year on USAWatchdog.com. Legendary gold and market expert Jim Sinclair says, “Markets do not exist anymore … and you can’t time what does not exist.” Sinclair contends a huge transition is underway, and the old system cannot be fixed. A new one is on the way, and the old one is going to end with a bang. Sinclair explains, “Right now, they’re eating each other, and the eventuality is, getting back to the steam pot, there is going to be a day when there is only going to be one shark left, one very fat shark left, and what happens next? That shark starves to death because it ate all the food. So, the end of this is the explosion of that steam cooker which is called capitalism.” In closing, Sinclair says, “When it’s all said and done, there will be a catastrophic big bang, and then the only thing that will be left is your savings account. Your savings account is not silver, although it will outperform gold, your savings account is going to be gold. It’s going to happen because all currencies, even the roaring dollar, are falling in terms of being a storehouse of value. Capitalism is finished. I can’t tell you what the next system will be, but capitalism is over because the heart of capitalism is markets. Without markets, you cannot have a capitalistic system-it’s over.” Join Greg Hunter for one of the most compelling and enlightening interviews of the year with renowned market and gold expert Jim Sinclair of JSMineset.com. Sinclair went on to say, “The financial system is going to blow no matter what. We’re headed into a new system. I don’t know what it is, but I am happy I am 75 years old.” There is free analysis and information on JSMineset.com. Bill Holter is Mr. Sinclair’s business partner and also contributes original content and analysis. You can also buy a subscription to get exclusive analysis and content from both Sinclair and Holter on a regular basis.

Keywords: [“Sinclair”,”going”,”market”]
Source: https://usawatchdog.com/we-have-killed

May says capitalism cuts poverty after Corbyn speech

Theresa May will today set out a staunch defence of capitalism and free marketWill say an open market has helped raise living standards of everyone in BritainIn Bank of England speech, she’ll warn against sharp increase in public spendingBy James Tapsfield, Political Editor For Mailonline. In a speech to the Bank of England, the Prime Minister insisted the modern capitalist economy had driven the biggest reduction in poverty in human history. ‘We’ve got to make that case all over again, because there is a generation who have grown up in a different environment and perhaps haven’t seen the problems that can occur when you don’t believe in free markets and sound management of the economy. Mrs May’s speech saw her return to the Bank of England where she began her professional life as a researcher in the economic intelligence unit in 1977.The speech is taking place to mark the 20th anniversary of Gordon Brown’s decision to grant independence to the Bank of England – stripping away the Chancellor’s power to set interest rates. In her speech the Prime Minister stressed the value and potential of an open, innovative, free market economy which operates within the right regulatory framework. ‘A free market economy, operating under the right rules and regulations, is the greatest agent of collective human progress ever created,’ she said. MAY ADMITS TORIES MUST MAKE CASE FOR FREE MARKETS AGAIN Theresa May today admitted that the Tories have not done enough to make the case for free markets over recent years. ‘So much work was done to get that message across, of the importance of free markets, of sound management of the economy, of global trade. We’ve got to make that case all over again, because there is a generation who have grown up in a different environment and perhaps haven’t seen the problems that can occur when you don’t believe in free markets and sound management of the economy. In a pointed jibe at Mr Corbyn, Mrs May said issues with capitalism must not be used as ‘justification for the total rejection of the free market economy which has done so much to improve our lives’.

Keywords: [“free”,”market”,”economy”]
Source: http://www.dailymail.co.uk/news/article-4928704/PM-says-capitalism-cuts…

Pseudo-Compassion and the State >> Nevada Policy Research Institute

Genuine, effective compassion is beyond the capability of government. That’s because the nature of government, in both spirit and fact, is deeply antagonistic to both authentic morality and genuine compassion. The distinguishing characteristic of government, as any beginning political science major once was able to tell you, is its legal monopoly on the use of force. In consequence of this-and because of Americans’ own experience at the receiving end of British government force-early on in the history of this nation its founders agreed that our government’s powers were to be strictly limited: The state’s legal monopoly on the use of force would only be deployed against people who’d already set themselves outside the social compact by using force or fraud to attack others and violate their rights. Because government is, at root, only an instrument of coercion, the only relevant distinction it is really equipped to handle, ultimately, is whether or not people obey. Such highly nuanced evaluations and prescriptions are necessarily beyond the lumbering, rule-bound nature of government bureaucracies. Such agencies will always remain “Lumbering”-i.e., constrained and encumbered by laws and regulations-because they expend not their own resources but resources that the government has coerced from the public and remains easily embarrassed about-especially when scandals involving the coerced loot start attracting public attention. At bottom, government “Compassion” programs are essentially political artifacts, designed to provide pseudo-compassion. These programs offer a cheap sop to conscience for inattentive but “Concerned” voters, while building special-interest constituencies for big-government politicians and government union ideologues. Campaigns for government transfers to the “Disadvantaged” also allow those supporting the campaigns to wax indignant, feel morally superior and temporarily achieve heightened self-esteem-while avoiding the challenges of confronting these human problems on a personal level.

Keywords: [“government”,”Human”,”compassion”]
Source: https://www.npri.org/issues/publication/pseudocompassion-and-the-state

JR Test Site News for 01-19-2018

Blame the enlightened self for the distractions in our lives

We are deluged with new playthings that make ever more demands for our attention – many of them digital. How can we focus on anything true or beautiful amid the twitter and chirp of such constant, almost toddler-like demands? Matthew Crawford seeks a deep philosophical perspective. In The World Beyond Your Head, he explores how we got to what he calls a “Crisis of attention”. His starting onslaught is no less challenging a task than an assault on the “Enlightenment self”, because, it seems, it is the isolated self that permits distraction. Immanuel Kant is frequently taken to be the epitome of the 18th-century philosophical Enlightenment, and Crawford blames him for constructing its notion of the self as an isolated being for whom true knowledge can arise only from solo enquiry. He spreads the blame to the 17th century – to John Locke, the font of liberal thought, and to René Descartes, who said that the only thing he couldn’t doubt was that there was something, a self, doing the doubting. Oddly missing is any discussion of another key Enlightenment figure: Adam Smith, who theorised capitalism as an economy of atomised individuals making rational choices in a social vacuum. Even though “We often assume that diversity is a natural upshot of free choice”, Crawford says, “The market ideal of choice tends toward a monoculture of human types: the late modern consumer self.” As an example, he describes how lobbyists for casino gambling “Tap into the deep psychology of autonomy” to make it seem that submitting to the engineered attention-grabbing of gambling is a human right. All this introduces us to one of Crawford’s key proposals for dealing with the crisis: to shift our focus from the lonesome atomised individual to truly shared attention. The current fashion for the “Wisdom of crowds” is not true sharing, but rather the market mining individuals. “Crawford proposes shifting our focus from lonesome Enlightenment individual to shared attention”. Crawford’s core message is that we should stop focusing on ourselves and move towards true sharing. He commends to us the “Flow” he feels when riding motorbikes, when his derrière is deeply involved in his need to pay attention. In particular, he says, we should value education as a face-to-face apprenticeship in the ways of investigating and of making, through attention shared in person.

Keywords: [“attention”,”self”,”Crawford”]
Source: https://www.newscientist.com/article/mg22630200-700-blame-the-enlightened-self-for-the-distractions-in-our-lives/

What can Quaker capitalism teach business today? It’s no good being ethical if you don’t make money

Today, the Friends House on the Euston Road is hosting a Quaker Business Conference on the subject of “What is the purpose of business?” It is the right time to be posing the question and a good location at which to be asking it. The Quakers led the way in some of the most purposeful companies that Britain has had over the past 200 years. The Quakers introduced one of the most important commercial innovations of all time, fixed price contracts, to replace the haggling they abhorred so that all men who were equal in the face of God were treated equally in the marketplace. Are there lessons to be learnt from the Quaker family businesses of the past for business today? The answer is yes but not in the way in which one might expect. If survival is an indicator of success, the Quaker firms have been a failure. Most went out of business or were taken over and those that have survived, such as Barclays and Lloyds Bank, are not universally regarded as paragons of virtue today. The very lesson of the Quaker phenomenon is the opposite of what Marshall saw as strongly ethical owners and managers. Philanthropy does not feature in a world where ownership and management is no longer in the hands of enlightened families but instead dispersed among a large number of institutional investors, solely concerned about financial returns for their investors. It will have to rekindle the flame that drove the Quakers: that treating people fairly and well is good business. Is enlightened business profitable, and more profitable than other ways of doing business? This is currently the subject of much analysis in business schools around the world. Examples abound of firms on both sides of the fence and scepticism therefore prevails that doing good is really good business. That is where the Quaker experience has important lessons for today, because the admirable companies that Marshall witnessed operated in a society that was less tolerant and enlightened than the present. What the Quakers did was to engage in commercial innovations, such as fixed price contracts and housing for their employees, that fundamentally altered the conventions and practices of their time. The Quaker firms became models for business because they demonstrated by example how enlightened business was highly profitable. It is innovation in business practice today that will ultimately be the catalyst for change.

Keywords: [“Business”,”Quaker”,”enlightened”]
Source: http://www.cityam.com/227952/what-can-quaker-capitalism-teach-business-today-it-s-no-good-being-ethical-if-you-don-t-make

Stephen Bannon’s worldview is much more complicated and nuanced than you think

In the summer of 2014, Steve Bannon – US president-elect Donald Trump’s new chief strategist – gave a speech to the Human Dignity Institute, a conservative religious group that was holding a conference at the Vatican. BuzzFeed attended the meeting and published an invaluable transcript of Bannon’s remarks. It shows Bannon’s view of the world is much more complicated than most people have thus far assumed. He finds aspects of capitalism “Very disturbing,” for instance, and cites Marx in his analysis of the free market’s faults. Until recently, the public mainly knew Bannon as the executive chairman of Breitbart News, the inflammatory “Alt-right” website that peddles conspiracy theories and fake news, like this item “Proving” that Trump somehow won the popular vote. Before he became Trump’s election campaign chief, Bannon once described himself as a “Leninist” who wants “To bring everything crashing down, and destroy all of today’s establishment.” If they don’t see another alternative, it’s going to be an alternative that they gravitate to under this kind of rubric of ‘personal freedom. ‘” He believes the West needs to wage “a global war against Islamic fascism”: “They have a Twitter account up today, ISIS does, about turning the United States into a”river of blood” if it comes in and tries to defend the city of Baghdad. And trust me, that is going to come to Europe. That is going to come to Central Europe, it’s going to come to Western Europe, it’s going to come to the United Kingdom. So I think we are in a crisis of the underpinnings of capitalism, and on top of that we’re now, I believe, at the beginning stages of a global war against Islamic fascism. Bannon also has a special interesting British politics and the UK Independence Party. He mentions UKIP nine times in his remarks – months before the party gained its surprise win in the EU referendum vote in June 2016. “I’ve spent quite a bit of time with UKIP,” he says. “I have many, many friends that’s a very big part of the conservative movement – whether it’s the UKIP movement in England, it’s many of the underpinnings of the populist movement in Europe, and particularly in the United States.” That would explain why it was UKIP leader Nigel Farage and his team who got the first personal meeting with Trump in New York – before any other UK politicians.

Keywords: [“Bannon”,”come”,”going”]
Source: http://www.businessinsider.com/stephen-bannon-worldview-isis-crony-capitalism-judeo-christian-west-2016-11