J.R.’s Zaphne Blog News for 05-14-2018

Competitive Enterprise Institute

It’s much more fashionable to attack Adam Smith these days than to read him. Yes, he favored economic liberalism, which wasn’t exactly in style in his time. There are two main drivers behind Smithian liberalism, neither of them cold or calculating. The foundation of Smith’s moral theory is the impartial spectator theory. Smith is well known for being an ardent free trader. 

The second driver of Smith’s brand of market capitalism is compassion for the poor. Liberalism properly understood – free markets, free trade, free migration, etc. Creates more wealth more quickly than any other economic system. In Smith’s time, the average person worldwide made around $3 per day. Today, in countries that have embraced liberalism, you can make $100 a day and consider yourself middle class. 

Rejecting liberalism means forcing the poor to miss out on the Great Fact. Smith favored liberalism because it is not only moral, it makes life better for the poor. 

Keywords: [“liberalism”,”Smith”,”trade”]
Source: https://cei.org/blog/compassion-adam-smith

Compassionate Capitalism: People Helping People Help Themselves

A plan that has made him one of America’s richest men, and that has made Amway one of the great corporate success stories of our time. Compassionate Capitalism spells out clearly and eloquently the guiding principles and concrete steps to making your life and your world better. Rich DeVos shows how your energy, your ambition, and your spirit of enterprise can travel together down a path in which the spirit of capitalism and moral values inextricably merge. Interweaving his own amazing story with vivid personal histories of men and women around the world, Rich DeVos illustrates both how success is achieved and what it truly means. He demonstrates that compassionate capitalism is the only solution to the most crucial issues of our time, and to the many other challenges that face us in the closing decade of this century and in the beginning of the next. 

Keywords: [“capitalism”,”DeVos”,”Rich”]
Source: https://books.google.com/books/about/Compassionate_Capitalism.html?id=dvTfTnnjxOsC

Buy Compassionate Capitalism Book Online at Low Prices in India

There are lots of wealthy people out there but most aren’t truly happy. This is largely because they aren’t fulfilling a higher purpose with their businesses, they’re simply out there trying to survive in the often cutthroat business world. Contrary to a lot of advice you may have heard out there on how to successfully build a prosperous business, DeVos claims that integrating compassion for your fellow man with lucrative opportunities is the real secret to security and happiness. It’s the knowledge that what you’re doing is making a difference that makes you feel worthy of the privilege and comfort of wealth. Even before the wealth comes, having a compassionate attitude along with sound business acumen goes a long way towards increasing your chances of attaining wealth and influence. 

A great book written in a language anyone can understand. 

Keywords: [“business”,”wealth”,”out”]
Source: https://www.amazon.in/Compassionate-Capitalism-Rich-DeVos/dp/0452270510

Entrepreneurs + Investors + Funded Innovation + Generational Wealth + Compassionate Capitalism

History has shown that the Greatest Wealth is Created through Entrepreneurism. Every Innovation that improves our lives came from an Entrepreneur with an idea; a strategy to succeed; and the funding to execute. The Good News: You don’t have to start a great company when you can invest in a great company and reap the same rewards as the founders. Recent regulatory changes have made that easier than ever to happen. We help Entrepreneurs and Investors create their legacy in the innovation they bring to market and the generational wealth they create. 

The men and women who take the road less traveled and invest in exciting private companies before they go public, have the opportunity that few realize – create wealth, leave a legacy of innovation, and have personal pride in knowing they impacted their community with new jobs and opportunities. 

Keywords: [“create”,”company”,”Innovation”]
Source: https://www.karenrands.co/

National Network of Angel Investors

All of these terms are buzz words for a simple concept. Investing in a small business when they are still private and have tremendous growth potential, so that the value of that stock creates a multiple on your money when they get sold or go public. The National Network of Angel Investors is the 4th generation of an angel investor group started in 1994, the Network of Business Acquirers and Investors. It is made up of angel groups that are forming all over the United States for a singular purpose – to have a direct impact on growing their wealth while increasing the jobs in the market and funding innovation. When you are ready to start angel investing, you’ll gain exclusive access to screened and vetted entrepreneurial endeavors with tremendous potential. 

Keywords: [“Angel”,”investor”,”start”]
Source: http://nationalnetworkofangelinvestors.com/

Why Pope Francis wants us to stop worshipping capitalism

Pope Francis’ upcoming visit to the U.S. next week is generating huge interest and expectation. Part of that excitement is rooted in the different tone the pope has taken on a number of issues, from marriage to the role of women in the church. He has also issued a tough critique of capitalism and called for more action on climate change. We kick off our coverage of the pope’s trip, which will continue all next week, with a look at those issues from our economics correspondent Paul Solman. 

It’s part of our weekly series Making Sense, which airs every Thursday on the NewsHour. 

Keywords: [“issues”,”Pope”,”Part”]
Source: https://www.pbs.org/newshour/show/pope-francis-wants-us-stop-worshipping-capitalism