J.R.’s Zaphne Blog News for 08-01-2018

Transition Town Tooting

We learned how it is a big proportion of our carbon footprint and how it tends to increase in line with our total household income. There is a relationship between what we buy, why we buy it and our identity. Our first exercise was to relate a purchase we were pleased with: Kew membership, solar PV, a battery to go with PV, second hand clothing, bikes, evening courses. Then we discussed why we buy using the exercise on p29. Our next exercise was to design a poster exploring the differences between personal needs and wants. 

One group drew three concentric circles with basic needs in the centre, then a middle ring for things like special food, entertainment, enrichment, studying etc and an outer area for purchases that we felt were extravagant and not needed like weekend breaks by air, art collections, extravagant jewelry, watches etc, private heated swimming pools and so on. The other group’s poster was a collection of drawings: community giving companionship and friendship which didn’t require expenditure, a mastercard advert for a festival, choices and thoughts when making purchases, children’s expectations. Our penultimate exercise was to think about five ‘ways to well-being’ published by the New Economics Foundation which explored the ideas of give, connect, keep learning, be active and take notice. We all thought about whether we do these in our lives and could we make more time in our lives to do them. Generally we thought these were good principles but sometimes it can be hard to keep a balance. 

Another is how education can give us a double bonus of spending time with others of different age groups and life experiences. Finally we thought about the things we didn’t get a chance to say during the evening – being too busy in our lives, remembering to be compassionate to ourselves, working towards the NEF Five ways, paying attention, new ideas for home improvements, the carbon significance of un-deleted emails, unsubscribing to unread emails. 

Keywords: [“purchase”,”thought”,”how”]
Source: http://transitiontowntooting.blogspot.com

A TERRIFIC LOVE! VALOUR! COMPASSION! AT ZEITGEIST STAGE

There’s no getting around the fact that Love! Valour! Compassion! Terrence McNally’s 1994 Tony-winning dramedy, is beginning to show its age. Had already made waves, it was still a relatively taboo thing for such an overtly gay play to become both a critical smash and a hit at the box office. 

Even if the play no longer feels like it crackles with modern urgency and that it doesn’t totally speak to-forgive me-the zeitgeist of this very moment the way that it did 24 years ago, Love! Valour! Compassion! remains a treasured contemporary work that is being given a worthy and totally absorbing revival at Zeitgeist Stage. Set in 1994 at a semi-upstate New York country home, each act of the play takes place over three consecutive holiday weekends: Memorial Day, July Fourth, and Labor Day. 

His boyfriend of four years, Bobby, played with great gentility by Cody Sloan, is blind and is significantly younger than Gregory. A notorious Broadway flop that marked Lucille Ball’s only Broadway appearance. Seeming to not quite gel with the rest of the group is John, a pompous Brit still bitter from his failed musical, and his new lover, Ramon, whose lasciviousness becomes a problem over the course of the summer. John’s brother, James, arrives later in the summer and quickly forms a bond with Buzz. Brooks Reeves, giving one of the best performances of the year, plays both John and James. 

The play unfolds with the nonchalance of a long summer weekend and is a rich study not only of friendship and love but of the cruelty of time and how-sickness or not-time rarely leaves any fruit on the tree. Love! Valour! Compassion! suffers a bit from too much sentimentality-sentimentality that Miller’s production does not completely mitigate, though it can hardly be faulted for it. 

There is a great deal of heart that radiates from Miller’s affectionate revival and from the terrific ensemble of actors that make Love! Valour! Compassion! one of my favorite productions of the year. 

Keywords: [“Love”,”play”,”year”]
Source: https://digboston.com/a-terrific-love-valour-compassion-at…

Socialist Appeal

Most hospitals were founded for specific purposes such as leper hospitals, or as refuges for the poor and it was not until later did hospitals become multi-functional. Not all hospitals cared for the sick and there were establishments to house the dying or infirm but the purpose was not cure or even care but to keep the ill poor off the streets. Almshouses were religious institutions in existence from the 10th century – in the middle ages the majority of hospitals functioned as almshouses. Nine hospitals were established throughout the country but the word ‘hospital’ was also used for institutions concerned with people and their families who were poor or destitute, as part of the Poor Law provisions. In London, for example, the only medical hospitals in the 1700s were the Royal Hospitals of St Bartholomew and St Thomas. 

There were other hospitals for special categories, such as Greenwich for injured sailors and refugees, the Magdalen Hospital founded to rescue ‘penitent prostitutes’ and the Marine Society for Educating Poor Destitute Boys. Between 1719 and 1750 five new general hospitals were founded in London and one of these was Guy’s Hospital, founded in 1724, from a bequest by a wealthy merchant Thomas Guy. Local authorities of large towns provided municipal hospitals, maternity hospitals, hospitals for infectious diseases like smallpox and tuberculosis, as well as hospitals for the elderly. By 1844 his premises, now called the Royal Free Hospital, was treating 30,000 patients a year. The Bethlem Royal Hospital was the world’s oldest psychiatric hospital, established in 1330. 

The Act introduced a compulsory apprenticeship and a formal qualification and required individuals to have instruction in a range of subjects including anatomy, botany, chemistry and physics – in addition to six months’ practical hospital experience. Hospitals charged for services, though sometimes poorer people would be reimbursed. 

Keywords: [“hospital”,”poor”,”people”]
Source: https://www.socialist.net/health-services-before-nhs.htm

J.R.’s Zaphne Blog News for 06-17-2018

Capitalist or Communist?

It is a conditional capitalism, and certainly a compassionate capitalism. Shemittah, the Sabbatical year, was designed to allow the land to rest and regenerate. Six years the land would be worked, but in the seventh year it would rest and lie fallow. The agricultural cycle in the Holy Land imposed strict rules and regulations on the owner of the land. The owner could take some, but so could his workers, friends and neighbors. 

The landowner, in his own land, would have no more right than the stranger. For six years you own the property, but in the seventh you enjoy no special claims. The ten percent tithes, as well as the obligation to leave to the poor the unharvested corners of one’s field, the gleanings, and the forgotten sheaves are all part of the system of compassionate capitalism. If the land belongs to G‑d, then we have no exclusive ownership over it. G‑d bestows His blessings upon us, but clearly, the deal is that we must share. 

The Sabbatical year is one of many checks and balances that keep our capitalism kosherand kind. May you make lots of money, and encourage G‑d to keep showering you with His blessings by sharing it generously with others. 

Keywords: [“Capitalism”,”year”,”land”]
Source: https://www.tapinto.net/towns/westfield/articles/capitalist-or-communist-2

Is compassion compatible with capitalism?

While there may be compassionate individuals operating within capitalist systems, capitalism itself does not naturally merge with compassion. I say this with a much stronger understanding of compassion than I do of capitalism and all of its manifestations. Capitalism did not create competition, however it does need it for survival. Capitalism can never be cooperative or communal; it lives on competition. Competition does not allow for mutual empathic experiences. 

Competition takes advantage of others’ weakness, exploits vulnerabilities, and doesn’t look back. If there are no winners or losers, then a competition did not take place. Without competition, there can be no capitalism. Admittedly, capitalists can be compassionate, but they are not operating within an essentially compassionate system. As a system, capitalism features an elite minority being supported by a majority. 

It must be noted that capitalism can hardly be faulted for not being compassionate. It shouldn’t be said that capitalism lacks compassion any more than it lacks wisdom, or empathy, or mindfulness, or other lofty ideals/practices that many aspire to. 

Keywords: [“capitalism”,”competition”,”compassionate”]
Source: https://www.quora.com/Is-compassion-compatible-with-capitalism

Can Capitalism Be Compassionate?

The global economy can be confusing and terrifying. Mr. Eanfar’s work is based on over 20 years of unique experience in economics, financial technologies, blockchain/cryptocurrency development, artificial intelligence, and military and government affairs. Three key points in the book deal with issues of defining value, following a vision, and managing innovation. Value: Mr. 

Eanfar notes that money is not value itself; it represents value. Rather than focusing on money alone, he advises organizations to focus on theway value flows through their stakeholder ecosystems, which benefits all parties in the long run. Innovation: Artificial intelligence, cryptocurrency, and other technological innovations can be used for good or ill. Mr. Eanfar dedicates a chapter of the book to the impact of artificial intelligence [AI] on government and the economy. 

All book sales proceeds support the nonprofit AngelPay Foundation: https://AngelPayHQ.org. 

Keywords: [“Eanfar”,”percent”,”value”]
Source: http://www.valleymorningstar.com/online_features/business_and_careers/can-capitalism-be-compassionate/article_eedc7da3-84c6-5403-b0f3-2b727f4b0a24.html

Compassion and Capitalism: Implications for Organizational Studies

Understanding individual compassion in organizations: The role of appraisals and psychological flexibility. How U.S. lost out on iPhone work: Apple’s experience shows why jobs are flowing to China. Seeing organizations differently: Three lenses on compassion. Compassion: An evolutionary analysis and empirical review. 

Varieties of capitalism and institutional complementarities in the political economy: An empirical analysis. Precarious work, insecure workers: Employment relations in transition. The contours and consequences of compassion at work. An organizational analysis of organizational theory. Care and compassion through an organizational lens: Opening up new possibilities. 

Cultural value differences: Some implications for work. Class and compassion: Socioeconomic factors predict responses to suffering. A future for organization theory: Living in and living with changing organizations. 

Keywords: [“compassion”,”work”,”organization”]
Source: http://journals.sagepub.com/doi/10.1177/0149206313490028

Even Stevens

Cause Capitalism Steve Down dons a suit daily, quotes Goethe, orates words like compassionate capitalism, and carries Steve Job’s biography in his back pocket. He isn’t a 20-something hipster with tousled hair jetting off to developing countries. We applaud the vagabond millennial, but Even Stevens is a tale of it’s own. Think of your parents’ wisdom mixed with the progressive spirit of youth. A New York Stock-exchange meets Woodstock kind of romance. 

Steve has forever been a champion for the next generation. To learn more about our Founder Steve Down, visit SteveDown.com. 

Keywords: [“Steve”,”Down”,”Capitalism”]
Source: https://evenstevens.com/about/about-steve-down/

‘Compassionate capitalist’ John Morgan has ‘no clue’ on indie run for governor

Morgan announced Friday he wouldn’t run as Democrat and would switch his voter registration to independent. He mentioned two Republican friends he says he often agrees with: Florida Senate President-designate Bill Galvano and House Speaker Richard Corcoran, though he specifically noted he differs with Corcoran’s support for charter schools. Morgan faulted Republicans for pushing a tax reform plan in Congress that Morgan says will benefit the rich and blow up the national debt. 

Keywords: [“Morgan”,”Republican”,”Democrat”]
Source: http://postonpolitics.blog.palmbeachpost.com/2017/11/28/compassionate-capitalist-john-morgan-has-no-clue-on-indie-run-for-governor/

J.R.’s Zaphne Blog News for 05-20-2018

�Compassionate Capitalism,� An Amazon Best-Selling Book is Free For One More Day

Best Seller Publishing announces the release of Blaine Bartletts new book, Compassionate Capitalism: A Journey to the Soul of Business. It will be available for free download in the Amazon Kindle Store for one more day on July 15th. Business is the most pervasive and influential force on the planet today. The net of this is that business, as a prevalent and important force, has a moral responsibility to guide, enhance, value, and nourish the existence of all that it encounters. Business today seldom assesses the efficacy of its activities through the lens of anything but profit. 

The true purpose of business is to uplift the experience of existing. From our perspective, business is nothing less than a spiritual discipline, it requires the same integrity, commitment, intentionality, courage, discipline, and compassion as any other spiritual discipline. Compassionate Capitalism by Blaine Bartlett will be free and available for download on Amazon for 1 more day at: https://www. Compassionate Capitalism was an extremely beneficial read and a reminder that business isnt solely about the profits. Every aspect of our life today evolves around business, and so often people tend to lose sight of their goals and aspirations. 

Overall, there are many takeaways and I highly recommend reading it! Jeffrey RovnerCorporate America has made business turn for the worse. This book captures the idea that you can put the customer first and still find the resources necessary to have a successful business. Best Seller Publishing is a Los Angeles Publishing Company dedicated to helping business owners and entrepreneurs become the hunted with their best-selling books. 

Keywords: [“Business”,”book”,”today”]
Source: https://www.webwire.com/ViewPressRel.asp?aId=204205

Compassion, Christianity or Consumerism? The True Meaning of Christmas

As a result, we have lost sight of the true meaning of Christmas, and celebrate it in ways that are in direct opposition to its original intent. This year, on Black Friday, I was reminded about the true meaning of Christmas. Black Friday has become as much a part of the holiday season in the United States as Thanksgiving and Christmas. 33 million evergreen conifers are purchased each year, at around $35 each, for a market of $1.16 billion in Christmas tree sales. This is not suggesting to abolish Christmas altogether, but if every U.S. household reduced their Christmas budget by only thirty-percent and contributed that money to impoverished communities, we would meet the forecast amount to end world hunger. 

This tale of Christmas we share is a stark contrast to the true story of St. Nicholas. Today, Christmas is a celebration that revolves around fulfilling greed, not need, at the expense of the poor. The real genius-work behind this big façade is the connection between Christmas and Christianity. Christmas marks the return of the sun after the winter solstice – the resurrection of light and the perseverance of unconditional love which nature manifests each year in the new life and returning warmth of springtime, from the desolate depths of winter. 

He saw the true meaning of Christmas and put an end to the charade. While his means were extreme, by stealing all the presents he learned that the real meaning of Christmas had nothing to do with exchanging gifts, but exchanging love. Let’s each of us be that Grinch, and take consumerism out of the Christmas mythology. 

Keywords: [“Christmas”,”year”,”love”]
Source: http://www.wakingtimes.com/2015/12/20/compassion-christianity-consumerism…

Capitalism’s stormy sea

Capitalism as a total world system is a relatively new part of human experience. By these measures capitalism is merely the blink of an eye. Economy was, as the social theorist Karl Polanyi has so brilliantly analysed, ‘socially embedded’ in such societies and subject to the prevailing values of that particular society rather than the kind of all-determining external force it has become under capitalism. Those who want to transform or even just tinker with our current system of corporate capitalism are confronted with a formidable task. One of the features of capitalism that has enabled it to survive is its ability both to create and to take advantage of its economic crises. 

Schumpeter saw this underlying attribute as a kind of positive resilience that keeps capitalism from collapsing under the weight of its own contradictions. Capitalism constantly puts these things at risk in its restless search for new avenues of profitable growth. Not only has capitalism shown great resilience in overcoming the periodic crises it has faced but it has also even been embraced by its one-time ideological opponents: state socialism in China and the countries of the former Soviet bloc. Our current phase of capitalism is underpinned by a much named but too little understood political philosophy called neoliberalism. Usually this is a phrase used by critics rather than proponents of capitalism. 

Under earlier forms of liberal democracy these could be counted on to play a moderately autonomous role in tempering capitalism. This makes for difficult terrain on which alternatives to capitalism must be built. 

Keywords: [“Capitalism”,”political”,”become”]
Source: https://digital.newint.com.au/issues/102/articles/2344

We Need Sustainable Capitalism

What is clear to us and many others is that market capitalism has arrived at a critical juncture. The financial crisis has reinforced our view that sustainable development will be the primary driver of economic and industrial change over the next 25 years. At the Harvard Business School Centennial Global Business Summit held earlier this month, the future of market capitalism was one of the principal themes discussed. We founded Generation Investment Management in 2004 to develop a new philosophy of investment management and business more broadly. Our approach is based on the long-term, and on the explicit recognition that sustainability issues are central to business and should be incorporated in the analysis of business and management quality. 

While certainly not a complete list, the causes of the current financial crisis include: short-termism, poor governance and regulation, misaligned compensation and incentive systems, lack of transparency, and in some firms, poor leadership and a dysfunctional business culture. Forty years ago, Robert F. Kennedy reminded Americans that the Dow Jones Industrial Average and Gross National Product measure neither our national spirit nor our national achievement. Business – and by extension the capital markets – need to change. Such investments ignore the reality of the climate crisis and its consequences for business. 

Business and markets cannot operate in isolation from society or the environment. Business and the capital markets are best positioned to address these issues. We need a more long-term and responsible form of capitalism. 

Keywords: [“Business”,”market”,”National”]
Source: https://algore.com/news/we-need-sustainable-capitalism

J.R.’s Zaphne Blog News for 04-21-2018

Is Capitalism Undemocratic?

If we as a society agree that every American has a right to free healthcare, free education, free water, or free things of any kind, that means we are agreeing to a situation in which value is unilaterally shifted from one position within our economy to another without a reciprocal exchange of value in return. Thus, rights cost something; and whenever there is a cost for a thing, there is a negotiation over the allocation of finite resources and who should bear the cost of that thing. His claim implies that the allocation of finite resources within a private company is subject to the rights of the proletariat, but as we’ve discussed already, such a right cannot exist unless it comes from a divine creator or some social contract. Workers cannot depend on an inviolable reservoir of rights. The only logically and philosophically consistent response to Marx’s central claim about the undemocratic nature of Capitalism is to say that nobody deserves anything at any time until and unless they prove that they can deliver enough value to somebody who has some other kind of value they wish to obtain. 

Unless somebody else is willing to enter into an exchange of value, the only means of obtaining value from some person or organization is through cooperation or brute force. If we take the path of brute force, the value creation process within society rapidly breaks down and everybody loses. There is only voluntary cooperation or brute force; rights do not exist except in the desires and dreams of the human mind. Crony Capitalism is the Culprit, Not a Deficiency of Rights. This chain of transactions amounts to an integrated value creation and distribution system that is neither democratic nor plutocratic. 

It can be depressing to analyze the origins of our personal values, societal norms, and human nature because an honest analysis usually takes us to conclusions that are uncomfortable. Thus, every businessperson, politician, and citizen has rational reasons to develop their ability to empathize and feel compassion for others if they want to contribute meaningful value to society and build successful organizations. 

Keywords: [“value”,”Right”,”economy”]
Source: https://eanfar.org/is-capitalism-undemocratic

Bleeding Heart Libertarians

Thanks to the folks at Bleeding Heart Libertarians for inviting me to blog here about my new e-book Human Capitalism: How Economic Growth Has Made Us Smarter – and More Unequal. With any luck I’ll motivate one or more BHL regulars to weigh in. The richer and more advanced a country’s economy grows, the more complex that economy becomes: more and more knowledge and know-how are distributed throughout the system, and the division of labor grows ever more specialized and intricate. Back in 1900 almost 80 percent of working Americans were farmers, manual laborers, or domestic servants; today, some 60 percent work in white-collar office jobs. When I say we’re getting smarter, what I really mean is we are becoming more fluent in highly abstract ways of thinking. 

So good – but alas there’s more to the story. The elite occupations that require analytical sophistication, strong people skills, high motivation, and meticulous planning will generally be filled by the people most flush with those skills, which they will hone even further over the course of their working lives. These elite workers will naturally tend to pass those skills along to their children – through their own parenting in the home, and through the influence of the communities in which they congregate. Once upon a time, when the world was much simpler, there were more people with the requisite skills to handle elite occupations than the number of elite slots. This period -the middle decades of the twentieth century – was one of declining class differences, as the descendants of the Great Migration from the turn of the century now found the paths of upward mobility more open than ever before. 

My policy proposals are an eclectic mix, and while I think they all push in the right direction, one stands out in my mind as a potential game changer: structural reform of K-12 education to allow more competition among schools for students. Elite kids start school with big advantages in cognitive skills, and those advantages continue to widen during the primary and secondary school years. 

Keywords: [“More”,”skills”,”percent”]
Source: http://bleedingheartlibertarians.com/2012/10/human-capitalism

Faux compassion is only worsening homeless crisis – Orange County Register

For years California voters have been nothing but compassionate towards the state’s homeless population, repeatedly voting to tax ourselves to provide more resources for affordable housing, mental health services, public transportation and addiction treatment facilities. In return, we’ve lost control of park space, rivers, public transit systems, downtown commercial hubs, and even residential neighborhoods. Politicians, advocates for the homeless and the courts have to understand that compassion is a two-way street. They want you to shut up, keep paying your rising tax bill and check your privilege. I for one have had it with their faux compassion and moral superiority. 

It’s time that they take responsibility for the trainwreck that they and their disastrous policies created. It’s not compassionate to allow addicts and the mentally ill to live life on the streets, and it’s not compassionate to expect the public to deal with the dangerous situations this creates. Over the last six years the number of those living in the streets and shelters of the city of Los Angeles and most of the county surged 75 percent. If you take out Los Angeles, national homelessness would have dropped last year for the first time since the recession, proving that the homeless crisis is either just a California problem – or that we’re attracting them from other parts of the nation. After it was determined that December’s Skirball Fire, which destroyed six homes and damaged a dozen others in the process, was started by a fire at a homeless encampment in nearby brush, the Los Angeles Fire Department conducted a study which found nearly 200 similar encampments pose a high fire risk to their surrounding communities. 

In the Koreatown neighborhood of Los Angeles, a 41-year-old transient was arrested Tuesday afternoon for sucker punching an 85-year-old grandma for no reason, leaving her with horrific injuries to her head and face. In Van Nuys, a transient was arrested after he was caught breaking into a home, watching pornography and masturbating. 

Keywords: [“transient”,”year”,”want”]
Source: https://www.ocregister.com/2018/02/14/faux-compassion-is-only…

J.R.’s Zaphne Blog News for 04-04-2018

The End of Sound Money and the Triumph of Crony Capitalism

During the Reagan era there had been a modicum of progress in throttling the domestic welfare state – with domestic spending dropping to 13.4 percent of GDP after having averaged 15.2 percent of GDP during the Carter years. Eight years of Republican government had brought the burden of domestic spending to just under 16 percent of national income – a figure materially higher than the 15.2 percent average during the last period of unified Democratic government under Carter. The most recent CBO baseline, for example, shows the Federal deficit declining from 11 percent of GDP this year to 3 percent by 2015 – a trend that looks like progress. The 15 percent tax rate on corporate dividends will jump to 39.6 percent in 2013. The estate tax rises from 35 percent on $5 million to 55 percent on $1 million. At the same time, when you remove the spending expiration booby traps, it appears that current policy for outlays as advocated by the Democrats – and most of the Republicans, too – is about 24 percent of GDP. So if you go by the math of it, the current bipartisan policy path results in a permanent fiscal deficit of 7-8 percent of GDP. That would amount to about $7 trillion in new bond issuance over the next five years, and take total public debt in the United States to over 100 percent of GDP. There is no telling, of course, how much more of Uncle Sam’s debt the monetary roach motels of the world can ultimately absorb. Not surprisingly, nominal or money GDP has gained only $530 billion during those 36 months, meaning that the annualized growth rate has been only 1.2 percent. Even if you allow for the alleged rebound since Q2 2009, the rate of money GDP growth has only been 3.8 percent, and was actually just 3.2 percent in the most recent quarter. By contrast, the new White House budget projects money GDP growth of 5.6 percent per annum over the next five years – meaning that nominal GDP would reach $20 trillion by then. At a 3.5 percent growth rate which is triple the growth rate of the last three years and in line with the post-June 2009 rate of advance – money GDP would come in at only $18 trillion by 2016. Back in 1975, when America’s baby boomers were still young, total household debt, including mortgages, car loans, credit cards, and bingo wagers was $730 billion or about 45 percent of GDP. Today, these households bear the enfeeblements of advancing age but have not shed many pounds of debt since the crisis of 2008: total household sector debt outstanding is still $13.4 trillion, or 91 percent of GDP – double where we started. If in the future households have to earn – not borrow – what they spend, that 3.5 percent assumption about money GDP growth would look more than plausible.

Keywords: [“percent”,”debt”,”year”]
Source: https://mises.org/library/end-sound-money-and-triumph-crony-capitalism

June Hee Kwon

June Hee Kwon is a faculty fellow of Korean Language and Culture. Her research and teaching focus on transnational migration and development; anthropology of exchange; kinship, ethnicity and relatedness; affect and compassion; aid and humanitarianism; travel of science and technology. Currently, Dr.Kwon is completing her book manuscript, Rhythms of a Borderland: The Korean Chinese Transnational Commute Between China and Korea, examines the remittance-driven everyday lives of Korean Chinese who move back and forth between Seoul, South Korea, and the Korean Chinese Autonomous Prefecture of Yanbian, China, an ethnic zone bordering North Korea. In the context of the kinship reunions and ethnic alliances between Korean Chinese and South Korea that flourished after the Cold War, I conducted field research in China and South Korea for more than two years, tracing the circuit of Korean Chinese transnational labor migration that has been ongoing over the last two decades. Informed by theories of mobility and immobility, time and value, affect and ethics, my work conceptualizes rhythm as a bio-political subject-making principle that mediates time and space, present and future, regularity and irregularity. Whereas most observers understand transnational migration as either movement between spaces or simultaneous belonging to multiple places, my book reframes transnational migration as an assemblage of different perceptions and practices of time under the competing rhythms that shape transnational bodies and money flows. Dr. Kwon is developing another research on transnational economy and compassionate capitalism into my second book, The Compassion of Science: The Humanitarianism Aids and Moral Economy in North Korea. This project examines the role of scientists and medical doctors who have engaged in humanitarian efforts to enhance a self-sufficient public health and eventual economic social betterment in North Korea. I pay special attention to the role of transpacific Korean diaspora scientists’ compassionate humanitarianism and the consequence of collaborative experiments with North Korean governments and their scientists under North Korea’s foreign policy. On the basis of multi-sited fieldwork across China, South Korea, and the US, The Compassion of Science will shed light on the intersection of science with compassionate capitalism in the context of a marginalized, precarious country-especially how this intersection plays a key role in inculcating market logic and developing a common scientific language.

Keywords: [“Korea”,”Korean”,”transnational”]
Source: https://as.nyu.edu/content/nyu-as/as/faculty/june-hee-kwon.html

J.R.’s Zaphne Blog News for 04-02-2018

Compassionate Capitalism: Full Text Of Narayana Murthy’s Letter To The Media

Mumbai: Text of Narayan Murthy’s letter to the media about COO Pravin Rao’s compensation. I recruited Pravin in 1985 and had nurtured him throughout my stay at Infosys since then. Those of us who have always stood for fairness in compensation and practised it, right from the day Infosys was founded, will have to demonstrate it when needed. I believe in striving towards reducing differences in compensation and equity in a corporation. You may not know that my Infosys salary at the time of the founding of Infosys was just 10% of my salary in my previous job. I gave them huge equity compensation the like of which has never been replicated in this world. I have always felt that every senior management person of an Indian corporation has to show self restraint in his or her compensation and perquisites. Without compassionate capitalism, this country cannot create jobs and solve the problem of poverty. Further, giving nearly 60% to 70% increase in compensation for a top level person when the compensation for most of the employees in the company was increased by just 6% to 8% is, in my opinion, not proper. This is grossly unfair to the majority of the Infosys employees including project managers, delivery managers, analysts, programmers, sales people in the field, entry level engineers, clerks and office boys who are toiling hard to make the company better. No previous resolution in the history of the company has received such a low approval. Finally, given the current poor governance standards at Infosys, let us also remember that these targets for variable pay may not be adhered to if the board wants to favor a top management person.

Keywords: [“compensation”,”Infosys”,”salary”]
Source: https://www.ndtv.com/business/compassionate-capitalism-full-text-of-narayana-murthys-letter-to-the-media-1676524

Capitalist or Communist?

It is a conditional capitalism, and certainly a compassionate capitalism. The Sabbatical year, was designed to allow the land to rest and regenerate. Six years the land would be worked, but in the seventh year it would rest and lie fallow. The agricultural cycle in the Holy Land imposed strict rules and regulations on the owner of the land. The owner could take some, but so could his workers, friends and neighbors. The landowner, in his own land, would have no more right than the stranger. For six years you own the property, but in the seventh you enjoy no special claims. The ten percent tithes, as well as the obligation to leave to the poor the unharvested corners of one’s field, the gleanings, and the forgotten sheaves are all part of the system of compassionate capitalism. Judaism thus presents an economic system which boasts the best of both worlds-the advantages of an unfettered free market, allowing personal expression and success relative to hard work, without the drawbacks of corporate greed. G‑d bestows His blessings upon us, but clearly, the deal is that we must share. The Sabbatical year is one of many checks and balances that keep our capitalism kosher. May you make lots of money, and encourage G‑d to keep showering you with His blessings by sharing it generously with others.

Keywords: [“Capitalism”,”share”,”year”]
Source: https://www.chabad.org/parshah/article_cdo/aid/279679/jewish/Capitalist-or-Communist.htm

Compassionate Capitalism

Pay attention to the soul of your business or you might miss incredible opportunities. Business is the most pervasive and influential force on the planet today. Its activities transcend national and international borders. The net of this is that business, as a prevalent and important force, has a moral responsibility to guide, enhance, value, and nourish the existence of all that it encounters. In the world today, the absolute opposite of this occurs. Business today seldom assesses the efficacy of its activities through the lens of anything but profit. Traditional capitalism forgets an important variable, that of happiness. The true purpose of business is to uplift the experience of existing. It is not to produce ever-cheaper goods and services. Compassionate capitalism is an economic system meant to make a lot of money, help a lot of people, and have a lot of fun.

Keywords: [“Business”,”lot”,”activities”]
Source: http://ivanmisner.com/compassionate-capitalism/

Purpose Store – Purpose Coin

Welcome to a store that has products, videos, and books to help you find your life’s Purpose that can only be purchased or donated with Purpose Coins. Here are some links to writings by some of our members of Purpose Coin. The most common systems such as capitalism, socialism, free-market, and command economies are compared and evaluated. The author proposes a new traditional economy that focuses on integrity, innovation propelled economic growth, encouragement from efficient governments, and priority assistance to the poor. He also cites numerous examples where businesses are making significant contributions to communities mired in poverty and suggests strategies for companies that wish to join in the effort. Please donate 20 Purpose Coins to his Waves wallet for this great book.

Keywords: [“Purpose”,”capitalism”,”Coin”]
Source: http://purpose-coin.io/purpose-store/

The Business Ethics of Capitalism with Compassion

At times, we forget who we are and what we have become. Corporate profitability, growth and career development without strong values give way to destructive behaviors and damaging work environments. In today’s corporate world, success is often equated with sacrificing our values and well-being for capital gain such as wealth, power and possessions. Filled with tips, tales, and tools to identify and eliminate toxic behaviors and motivators, as well as priceless lessons from top industry leaders and powerful research from academics, Moral Fiber is the ultimate guidebook on how to create a thriving business and career while staying true to who you are and what you believe.

Keywords: [“business”,”corporate”,”Fiber”]
Source: http://moralfiber.world/

J.R.’s Zaphne Blog News for 02-24-2018

CHRISTIAN WORLDVIEW

Firstly, the postulation that aspects of socialist theory to a certain extent chime in harmony with biblical teaching and aligns with the way we often picture the New Testament church. Secondly, a question – why does the conservative, evangelical church tend to lean towards those promoting a capitalist agenda? Coming onto the second point, the conservative evangelical church does tend towards capitalism, despite that fact that it has many, many serious flaws. Conservative Christians, have always seen the great threat to stable society posed by liberal morality and have reacted against it, often perhaps without noticing that the underlying principles of left-of-centre politics are more compassionate and aligned with biblical teaching. Equally, in focusing on the morally conservative politics that have often gone hand in hand with capitalist economic policy, it is easy to ignore the great problems that capitalism brings, making the poor poorer, the rich richer and concentrating power in the hands of an elite few who are only concerned about themselves – think of Jesus’s teaching about the rich fool. I’ve suggested positives of socialist theory and negatives of capitalism. To be fair, this is not to say that socialist theory does not have major problems or capitalism benefits. You are causing the rest of the church a great deal of harm. In the hands of evil men, socialism is evil, in the hands of evil men, capitalism is also evil. Should we bury our heads in the sand, hide behind our closed church doors and avoid the ballot box? Certainly not.

Keywords: [“church”,”Capitalism”,”socialist”]
Source: https://jpschristianworldview.wordpress.com/tag/capitalism

Compassionate Capitalism

The other day Russian President Vladimir Putin who is the longest ruling person in Russia after Ivan the Great and Stalin called America “a parasite of world economy.” Well, all communists say so but we have to ask China if they really believe it at heart or they wouldn’t have had the rapid growth they are having for last few years. Capitalism which is based on free enterprise system in America has been the reason behind the great success achieved by America since its birth. My personal experience with free enterprise system goes back to over 5 years ago when I got involved in a business opportunity where I could create an unlimited income with my sweat equity. To tell you the truth, the first year I failed miserably. This is what free enterprise system of America means to me where anybody from any background can work hard, create opportunity and determine their own destiny. People come to America looking for an opportunity like the one I just mentioned. That’s why, in America we say “No more Cheesecrackers.” A little better than capitalism is “Compassionate Capitalism,” a phrase recently coined which is not about “Money getting” but about “Serving people” because law of success is service and biggest businesses are now realizing it more now than ever. Many analysts still consider America to be in a recession period but few businesses seem to be sky rocketing even in this market. The basic motto of free enterprise system is that law of success is service and greatest server is the greatest leader.

Keywords: [“America”,”own”,”year”]
Source: http://thenewyorkcitypost.com/compassionate-capitalism

Anti-capitalism vs Post-capitalism

Capitalism, like all words that evoke emotions, has as many definitions as there are proponents or discontents. The Market Libertarian definition, to which we can also count the Objectivist definition, is that capitalism is productive human action, free individuals that agree on whether they want to buy or sell products and services on a free market. Capitalism in short is individuals making free decisions. The Marxist definition is that capitalism is a specific system of production, based around a hierarchical concentration of wealth and power. What separates Capitalism from Feudalism is that while Feudalism is centered around Land, Capitalism is centered around Capital – the concentration of possessions. Capitalism will eventually, according to Marx and Engels, have so many contradictions that it will lead to an inevitable worker’s revolution and a system based on the dictatorship of the proletariat, which will develop into a classless society where all the means of production are owned collectively by the people. The Cosmology of the EOS. What is Capitalism, according to the EOS? What we can say for certain is that Capitalism will be replaced within the next two centuries, and that there are three possible scenarios for how it can evolve into something else. Post-capitalism is whatever system of production and distribution that succeeds Capitalism. We don’t owe Capitalism to let it continue to exist only because it allowed an unprecedented standard of life in the western world during the 20th century.

Keywords: [“Capitalism”,”system”,”society”]
Source: https://eoshorizon.wordpress.com/2014/10/30/anti-capitalism-vs…

Neoliberal Capitalism, Emotion and Morality – States, Power, Emotion

Neoliberalism does not however, as some have claimed, have its own moral framework. For sure, the advancement of a neoliberal political economic agenda relies on an illusion of moral unity in fabricating claims about the ‘public good’, ‘fairness’, and ‘justice’. Neoliberalism is not a moral project, but an emotional project. Acknowledging the role of culture is not the same as implying neoliberalism has a supporting moral order despite the likes of Thatcher and others attempting to persuade us that it does. Neoliberalism ‘has morals’ to the extent that it has moral interests – but this is a contradiction-in-terms or a misnomer. Such as morality is not imposed from on high: it is deliberative and relatively spontaneous; it is a debated morality not simple moralizing. For Durkheim ideas that promoted particular group interests at the expense of others are not moral but were merely interests with associated habits and ways of seeing and doing that jeopardized collective solidarity, compassion and understanding. So if the powerful do not govern on a moral basis what do they govern on? Of course, they share ‘worldview’s’, cultural outlooks and norms and values. It’s important to say these were deeply immoral acts of state and any wider support for such action speaks not so much to moral affinities between powerful and powerless groups as much as it does to emotional inflammations engineered by governments that sustain popular fears, hopes and anxieties. Capitalism is more a love [and hate] story than a moral one.

Keywords: [“moral”,”morality”,”interest”]
Source: https://emotionalstates.wordpress.com/2016/07/07/neoliberal…

J.R.’s Zaphne Blog News for 02-05-2018

John Mackey On The Power of A Plant-Based Diet

Building it on principles of conscious awareness? Another thing altogether. This week I sit down with John Mackey, the father of conscious capitalism and the unlikely entrepreneur behind a $16 billion grocery behemoth that ushered in a global organic food movement and permanently changed the way we eat, live and think about business. The Bill Gates of organic food, John is the original, current and sole CEO of Whole Foods Markets, which he founded in 1980 and has parented to Fortune 500 status, employing over 90,000 people across 450+ stores in the United States, Canada and the UK. A strong believer in free market principles, Mackey is the co-founder of the Conscious Capitalism Movement and co-authored the New York Times and Wall Street Journal best-seller Conscious Capitalism, which encourages business grounded in principles of ethical consciousness. Consistent with this ethos, John has birthed a myriad of philanthropic efforts, including the Whole Planet Foundation to help end poverty in developing nations, the Local Producer Loan Program to help local food producers expand their businesses, The Global Animal Partnership’s rating scale for humane farm animal treatment, and the Health Starts Here initiative to promote health and wellness. Mackey has been recognized as Ernst & Young’s Entrepreneur of the Year Overall Winner for the United States, Institutional Investor’s Best CEO in America, Barron’s World’s Best CEO, MarketWatch’s CEO of the Year, FORTUNE’s Businessperson of the Year, and Esquire’s Most Inspiring CEO. Aligning his actions with his values, John embraces an extremely grounded lifestyle in stark contrast to his means. A vegan for many years, John recently released The Whole Foods Diet. Co-authored by Alona Pulde and Matthew Lederman of Forks Over Knives, it’s a powerful primer that unequivocally establishes a whole foods, plant-based diet as the optimum protocol for health, disease prevention and longevity based on the huge body of science, research, and advice that is available today. John’s entrepreneurial journey The popularization of fad diets based on misinformation and industry-financed science The current state of the food industry Our toxic food culture and the addictions that are fueling disease The distinction between conscious capitalism and social entrepreneurship John’s ethical compunction to educate people about lifestyle disease prevention; and Purism versus pragmatism: how John balances his personal values with his fiduciary duties. Most of all, this is a powerful dialog about the incredible power of a plant-based lifestyle to prevent and reverse disease, enhance optimum health and increase longevity – things we all aspire to achieve. I had been wanting to connect with John for years, and our meeting in Austin at Whole Foods HQ didn’t disappoint.

Keywords: [“food”,”John”,”Year”]
Source: http://www.richroll.com/podcast/john-mackey

‘Compassionate Capitalism’ for the Developing World

NEW YORK, May 19, 2010 – “Compassionate capitalism will be the way of the future” and is the only way that for-profit companies will be able to sustain themselves in developing markets, according to Asher Hasan, Founder and CEO of Naya Jeevan, a nonprofit social enterprise dedicated to providing health insurance to disadvantaged families. Hasan told an audience here at the Asia Society that Naya Jeevan’s mission is to “Alleviate poverty by providing affordable access to quality catastrophic health care” when catastrophic events render families either financially insolvent or heavily indebted. Working with private sector and multinational corporations in Pakistan and with academic and non-profit institutions, Naya Jeevan provides health insurance coverage for domestic employees of people working for large multinationals, low-income participants in the supply chains and distribution networks of these companies, and to low-income employees of corporations. Citing the example of the Seva Foundation in India, Hasan noted that private providers often face criticism for supposedly usurping the state’s role as a provider of health services. As a counter to such claims, Naya Jeevan aspires to be a working model that will eventually provide state health care providers with a “Facilitative ecosystem” from which they can learn. By ensuring the “Three P’s” in the model are considered-“Planet, people, and profits”-the Naya Jeevan model is a sustainable way to provide health care. Niki Armacost, Managing Director and Co-Founder of Arc Finance Limited, moderated a follow-up Q & A session that examined other potential relief models, ranging the gamut from “Pure charities” to “Extreme capitalism.” Hasan asserted that neither extreme can work in the long run because neither is sustainable or scalable, and that a nuanced approach is best when dealing with new ventures in emerging economies. Asked to describe some of the biggest challenges his organization has faced to date, Hasan argued that the “Entrenched post-colonial mind set” that prevailed in post-colonial countries literally “Rigged the system against those at the bottom of the pyramid” and makes it difficult for have-nots to better their circumstances. Changes in the system, he stated unequivocally, need to come from privileged elites themselves. Speaking about the need to make Pakistani youth more aware of the society around them, Hasan outlined a Naya Jeevan initiative that literally matches privileged children in private schools in Pakistan and in the US with their less privileged peers to increase their awareness of how low-income children actually live.

Keywords: [“provide”,”Jeevan”,”health”]
Source: http://asiasociety.org/new-york/compassionate-capitalism-developing-world

JR Test Site News for 01-26-2018

THREE TITLES for the PRICE OF ONE.

Take our friends the du Ponts, the powder people – didn’t one of them testify before a Senate committee recently that their powder won the war? Or saved the world for democracy? Or something? How did they do in the war? They were a patriotic corporation. The General Chemical Company averaged a profit for the three years before the war of a little over $800,000 a year. American Sugar Refining Company averaged $2,000,000 a year for the three years before the war. The Administration names a committee – with the War and Navy Departments ably represented under the chairmanship of a Wall Street speculator – to limit profits in war time. After the Civil War no new medals were issued until the Spanish-American War.In the World War, we used propaganda to make the boys accept conscription. So capital won’t permit the taking of the profit out of war until the people – those who do the suffering and still pay the price – make up their minds that those they elect to office shall do their bidding, and not that of the profiteers. Another step necessary in this fight to smash the war racket is the limited plebiscite to determine whether a war should be declared. There wouldn’t be very much sense in having a 76-year-old president of a munitions factory or the flat-footed head of an international banking firm or the cross-eyed manager of a uniform manufacturing plant – all of whom see visions of tremendous profits in the event of war – voting on whether the nation should go to war or not. To summarize: Three steps must be taken to smash the war racket. Looking back, Woodrow Wilson was re-elected president in 1916 on a platform that he had “Kept us out of war” and on the implied promise that he would “Keep us out of war.” Yet, five months later he asked Congress to declare war on Germany. Had secrecy been outlawed as far as war negotiations were concerned, and had the press been invited to be present at that conference, or had radio been available to broadcast the proceedings, America never would have entered the World War. Very little has been accomplished to assure us that the World War was really the war to end all wars.

Keywords: [“War”,”profit”,”year”]
Source: http://www.lexrex.com/enlightened/articles/warisaracket.htm

Invisible Hand

The term “Invisible hand” is a metaphor for how, in a free market economy, self-interested individuals operate through a system of mutual interdependence to promote the general benefit of society at large. BREAKING DOWN ‘Invisible Hand’ There are two critical ideas behind the invisible hand. First, voluntary trades in a free market produce unintentional and widespread benefits. Each free exchange creates signals about which goods and services are valuable and how difficult they are to bring to market. “Every individual necessarily labors to render the annual revenue of the society as great as he can … He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention … By pursuing his own interests, he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.” Smith only mentioned the invisible hand three times and just once in “The Wealth of Nations,” leaving a rather nebulous concept. Later economists better explained Smith’s invisible hand, especially F.A. Hayek’s “Spontaneous order” and Joseph Schumpeter’s “Creative destruction.” This is well-demonstrated through a famous example in Richard Cantillon’s “An Essay on Economic Theory”, the book from which Smith developed his invisible hand concept. The successful farmers introduced better equipment and techniques, and brought to market only those goods for which consumers were willing to pay. Smith’s invisible hand became one of the primary justifications for an economic system of free market capitalism. Even government rules sometimes try to incorporate the invisible hand. Former Fed Chairman Ben Bernanke explained the “Market-based approach is regulation by the invisible hand” which “Aims to align the incentives of market participants with the objectives of the regulator.”

Keywords: [“Invisible”,”hand”,”market”]
Source: https://www.investopedia.com/terms/i/invisiblehand.asp

The Catholic work ethic

Like all Lutherans, each Sunday I was further enlightened about Catholic wickedness and about how Martin Luther had set us free to think for ourselves and to seek knowledge, thereby bringing about the modern world. Although I had outgrown much of this by the time I entered graduate school, once there I was instructed in depth and detail in the gospel of Max Weber: that Protestantism gave birth to a unique work ethic that spawned capitalism, and thus it is that modernity is a direct result of the Reformation. Even now, Weber’s thesis of the “Protestant work ethic” lives on among sociologists, being recounted in detail in every introductory textbook on the market. According to Weber, Protestants dominated the capitalist economy of the West because of all the world’s religions only Protestantism provided a moral vision that led people to restrain their material consumption while vigorously seeking wealth. Weber argued that prior to the Reformation restraint on consumption was invariably linked to asceticism and to condemnations of commerce. Conversely, the pursuit of wealth was linked to profligate consumption. Weber claimed that the Protestant ethic shattered these traditional linkages, creating a culture of frugal entrepreneurs content to systematically reinvest profits in order to pursue ever greater wealth; and therein lies the key to capitalism and the path to modernity. As a great deal of subsequent research has demonstrated, Catholic areas of western Europe did not lag in their industrial development. Fully developed capitalism had appeared in Europe many centuries before the Reformation. Everyone writing on capitalism accepts that it rests upon free markets, secure property rights and free labour. By this definition, capitalism was a very Catholic invention: it first appeared in the great Catholic monastic estates, way back in the 9th century. The Catholic Herald is your essential weekly guide to the Catholic world; latest news, incisive opinion, expert analysis and spiritual reflection.

Keywords: [“Catholic”,”capitalism”,”Weber”]
Source: http://www.catholicherald.co.uk/magazine-post/the-catholic-work-ethic

JR Test Site News for 01-23-2018

Resurgence Resurgence

In our January/February issue of Resurgence & Ecologist, we look back on the year and forward to the next. A host of distinguished contributors choose their Books of the Year for us and this year’s titles are remarkably diverse – a selection to inspire you in the New Year and beyond. We also have room for a seasonal sense of mystery and wonder, including the winning entry in the Resurgence Poetry Prize. Resurgence has exciting plans for 2018 as we look to create a new centre for education, environment and the arts as a springboard for our work. In November, Resurgence launched its first crowdfunding campaign to fund the renovation of the former Small School and create a new environmental education centre in Hartland. Greg Neale reports on the project and our vision for the future of Resurgence. Read full article…. Books of the Year. Read full article…. More than a magazine Resurgence Talks. An exciting new series of Resurgence events in London in association with 42 Acres Shoreditch. The monthly programme, inspired by the ideas of Resurgence covers issues including the environment, arts, meditation and ethical living. Richard Cartwright, whose artwork features in the Jan/Feb issue of Resurgence & Ecologist, works predominantly in pastel. Find out more…. Resurgence poetry prize winners. The Resurgence Poetry Prize 2017, the leading award for a single poem on an ecological theme, has been won by the poet Seán Hewitt. Enjoy a free pdf issue of Resurgence & Ecologist magazine. To mark 50 years at the forefront of environmental publishing, we’ve made a short video all about the magazine, now published as Resurgence & Ecologist, and the environmental charity behind it – The Resurgence Trust.

Keywords: [“Resurgence”,”year”,”articles”]
Source: https://www.resurgence.org

23 Things They Don’t Tell You About Capitalism

An article on my book, ’23 Things They Don’t Tell You About Capitalism’, in Dagbladet, a leading Norwegian newspaper. There is an article on my book, ’23 Things They Don’t Tell You About Capitalism’, in Dagbladet, a leading Norwegian newspaper, on the occasion of its publication in Norwegian. There is a review of ’23 Things’ in the 8 November 2012 issue of the French magazine, Le Nouvel Observateur. You can read it here: 23 Things Le Nouvel Observateur review. Does anyone still think that free markets are free? Chang’s new book Continue reading. He addresses himself to the wider public and not to economics students. Written in a form and style perfectly suited to his aim, the author singles out 23 widely held ideas about the Continue reading. “Korean-born and British-educated, Chang stands outside the ideological battles that now seem to engulf us. He is critical of”the free-market ideology that has ruled the world since the 1980s,” as he puts it, but he is evenhandedly so. Thus it is with great pleasure that I review Ha-Joon Chang’s new book 23 Things They Don’t Tell You About Capitalism. This is one of the toughest assaults on what passes for capitalism in the U.S. these days to come Continue reading. Many books have tackled the great recession of 2008, the second worst economic crisis in history, after the depression. I doubt there is one book, written in response to the current economic crisis, that is as fun or easy Continue reading. “Chang’s goal is intellectual: he would trash the lessons of a generation of neoliberal economists. There is no such thing as a free market, he declares;”a market looks free only because we so unconditionally accept its underlying restrictions that Continue reading.

Keywords: [“read”,”thing”,”book”]
Source: http://hajoonchang.net/category/book-reviews/23-things

Adam Smith Laissez-Faire

What did it mean that Adam Smith was laissez-faire? This asks another question, did Adam Smith really support an economy free from government interference? Generally yes, but there is more to the story and it is worth trying to understand more on the subject. The most important thing is to understand why Adam Smith believed, what he believed in. Capitalism does not have to be bad. Adam Smith recommended laissez-faire with a government that facilitates the development of the human mind and promotes the peace not one that has its hands the market. Yes the poor are the ones who win in the free trade capitalism of Adam Smith. The philosophers of the enlightenment believed that the role of government was to protect the rights of the individual so people and society as a whole would be happier. Keynesian economics has caused uncounted suffering of people because it has been the play-book for government in the 20th and 21st century discounting the ideas of Adam Smith. Adam Smith never uses the term in his Wealth of Nations nor in his The Theory of Moral Sentiments. This is surprising as it often connected to Adam Smith. The classical liberal thinkers like Adam Smith wanted to answer the question how to maximizes your happiness. What does Adam Smith have to do with laissez-faire? It is interesting that Adam smith does not use this term once in any of his works. Adam Smith was making an argument that when government protects individuals freedoms. Adam Smith laissez-faire economics did not mean:Greed. Adam Smith is one of the most referenced economists of all time, but I think many people use his thinking to support their own views on Political economy without reading him. I have created a free e-book of Adam Smith’s wealth of nations.

Keywords: [“government”,”Smith”,”Adam”]
Source: http://political-economy.com/adam-smith-laissez-faire