Nearly 250 years ago, the economist and philosopher Adam Smith wrote The Wealth of Nations, in which he described the birth of a new form of human activity: industrial capitalism. It would lead to the accumulation of wealth beyond anything that he and his contemporaries could have imagined.
Capitalism has fuelled the industrial, technological and green revolutions, reshaped the natural world and transformed the role of the state in relation to society. It has lifted innumerable people out of poverty over the last two centuries, significantly increased standards of living, and resulted in innovations that have radically improved human well-being, as well as making it possible to go to the Moon and read this article on the internet.
However, the story is not universally positive. In recent years, capitalism’s shortcomings have become ever-more apparent. Prioritizing short-term profits for individuals has sometimes meant that the long-term well-being of society and the environment has lost out – especially as the world has faced the Covid-19 pandemic and climate change. And as political unrest and polarisation around the world have shown, there are growing signs of discontent with the status quo. In one 2020 survey by the marketing and public relations firm Edelman, 57% of people worldwide said that “capitalism, as it exists today, does more harm than good in the world”
“Wisdom is what the news calls madness” – J20.01.21.2100
Section 1. (a) The maximum amount of any ad valorem tax on real property shall not exceed one percent (1%) of the full cash value of such property. The one percent (1%) tax to be collected by the counties and apportioned according to law to the districts within the counties. — California Constitution Article XIII A
Photo and quote on California Constitution by Wikipedia
YOUR HOST NOTES: Thank you “Vox Media / New York / Intelligencer/Ed Kilgore” does an article on proposition 13, we know it is national politics. Thank you Vox Media! Mr. Morris’ motto is “Say Provocative statements that intelligent people argue about fast without dotting your I’s and crossing your T’s. As life is all about fun and results!” My provocative statement is “Wisdom is what the news calls madness” – J20.01.21.2100 (except in many cases “New Yorker” and others).
REBLOG NEW YORKER
While this will mostly be a classic left-right, business–versus–unions and government battle, California’s progressive tilt doesn’t guarantee victory for split-roll. As noted above, corporate types will offer a slippery-slope claim that once the taxman has feasted on commercial property taxes, homeowners will inevitably be next. And there are some affordable-housing advocates who fear split-roll will perversely incentivize commercial real-estate development by making it a larger revenue generator for local governments.
More great stuff by Vox Media / New York / Intelligencer
Senators are bending the rules on cellphones
Considering the screen habits of most Americans, the rule that senators cannot use electronic devices in the chamber is going to be a tough one to adhere to during the grueling hours expected for the trial. As a workaround, at least eight senators so far have worn Apple Watches to be able to contact aides and the outside world. According to Roll Call, so far only one presidential hopeful has been seen with a loophole smartwatch: Michael Bennet.
Senators are opting for low-tech, middle-school solutions to get around the no-communication rule during the trial, including passing notes (Mike Lee), sharing candy (Ben Sasse), whispering to neighbors (Mark Warren and Tim Kaine), and pretending to punch a colleague in the chest (Lisa Murkowski to Lindsey Graham).
WHO IS JDM
J. David Morris (aka JD) focuses on serving on the board of advisors and board of directors of several private companies. His family of Special Purpose Entities (SPE) invests in a wide range of businesses. David Morris has helped close more than $91 billion in deals leading more than $7 billion in enterprise value of these deals.
He has been a speaker at various industry forums, has been quoted in numerous leading publications and has made several appearances on Bloomberg, CNET, CNBC, ESPN, and many media outlets. J. David Morris hosted after Bloomberg morning news an educational radio show about financing deals and other hot topics.
J. David Morris #1 goal is exploring establishing leadership chairs to pay it forward at top Universities such as Massachusetts Institute of Technology ( MIT ), The George Washington University ( GWU ), and other organizations. J. David Morris enjoyed his fellowship position with GWU and LSU joint program and believe such models will move the ball forward.
He received a B.A. in economics with mathematics from Hampden-Sydney College in Virginia, where he worked in the development office to pay his way through college. David Morris is an Omega Rho Honor Society student at in Washington, D.C. with The George Washington University ( GWU ). He is currently working on finishing a two- year program under MIT Sloan Business School as well as the MIT Computer Science & Artificial Intelligence Laboratory ( CSAIL).
Board of Advisors
Board of Directors
Buyouts ($5 million-plus EBITDA)
LBO ( Leveraged Buy-Out )
MBO ( Management Buy-Out )
Spin-offs (past NYSE and NASDAQ)
Venture Capital (two active funds)
LinkedIn Network: 11,000 plus Connections
Linkedin Group: Sell Your Company 9,849 members
Linkedin Group: Investor Network by JD 5,861 members
Social Media and Newsletters = More than 210,000 followers, members, subscribers, viewers, etc
My motto is “Say Provocative statements that intelligent people argue about fast without dotting your I’s and crossing your T’s. As life is all about fun and results!”
Editor Note: This is an example of possible future blog postings (this is an experiment)
Trying an example of Mad as Hell to provoke response or debate!
Wow, Black Friday produced some amazing deals and I was all in getting purple (vs. just Black) YETI cup, Dyson HEPA technology, boss glasses, and Apple iPad Pro!
My provocative statement/quote: “Dyson is a baller/model for Unicorns in 2020, but Bose, Apple, and few others are more like Mules vs. role models for future Unicorns!” – JD Morris 12-15-19 (19.12.15)
I AM MAD AS HELL!
APPLE: Love my watch (better than Dick Tracy’s watch) and love Apple. However, epic fails on not having a folding phone or trying something out of the box. You have more than $200 Billion (BILLION) in cash and can not keep pace with others. I want a Razor or Samsung Fold for Christmas Santa (please). Dear Apple, You have lost your role as an example for CEOs and dreamers of Unicorns.
BOSE: Love my boss’s glasses and adding my own lenses as I am kinda blind and can not hear well. However, What is your AR plan? You are at risk going from “Hero to Zero” in the next few months or year due to AR technology in glasses.
Let us face it that all quotes are based on proverbs so no need to quote somebody as the question is moot! JD Morris’s provocative statement for the day!
Today we launch our new blog posting P.S. by JD that based on my motto! My motto is “Say provocative statements (P.S.) that intelligent people argue about fast without dotting your I’s and crossing your T’s. As life is all about fun and results!” P.S. = Provocative Statement
I wrote an article for my MIT class about AI and used an AI tool called Grammarly to check for it being considered plagiarism. Some people are getting smart and know how to take credit for old sayings in the bible, chinses proverbs, etc. and sure enough, Grammarly pointed to possible sources. That leads to my favorite quote has issue and who should get credit?
Should you be able to bastardize a quote and call it yours? Let me provide an example with my favorite quote that says “I am a great believer in luck. The harder I work the more luck I have” and nobody knows the source of this quote. As of today, I am claiming the saying “Luck begins with hard work” and you will need to sight me or my lawyers will be sending you letter and demanding payment (Joking Kinda).
Who said the original statement? Grammarly did point me to quoteinvetingator.com that points to Thomas Jefferson and a ton of other people that most likely just bastardized a quote from the bible or Chinese proverb. The funny thing is one of Thomas Jefferson’s foundations said that he did not say that statement and should not be quoted. That leads the statement that everything said can be found in a proverb, so you do not need to quote me or anyone. You be the judge based on this research that did not look at the old proverb for the source.