CAPITALISM + PHILANTHROPY = THE ANSWER

     Capitalism + Philanthropy has always been the answer for the forward advancement of mankind, as well as for truly reaching down and helping give others a hand up. Unfortunately, through the centuries this truth has never been truly cool, hip, or to be honest, marketed well. There is no hashtag!
     Socialism, communism, high tax proponents, and government redistributionists have always had great marketers, from Marx to Lenin to Chavez to even a super cool Grandpa named Bernie. But, "the trouble with socialism," Margaret Thatcher once observed, "is that eventually you run out of other peoples' money."
Somebody has to first make the money! And, unless all of the structural incentives are in place to first create the wealth, such as free markets and self-interests, then eventually there is no money to provide the helping hand. (See Venezuela today).
     Capitalists for centuries have been building and saving the world, but they have always been terrible self-marketers. Today, this stops. Today, JAM Views and our growing force of unapologetic capitalists begin to market the truth. If Elon Musk can make a car company which doesn't produce many cars worth $70 billion, then the teammates of JAM Views can figure out how to teach the country, and the world.
     JAM Views can instruct students how DMV Agent Susan only has a job because Joe's Autobody Repair Shop pays the taxes which pay her salary. Susan is not essential in the economy for Joe to thrive, but unless Joe is in the economy, Susan does not exist.
I call on our weekly growing members to think of some new marketing for Capitalism + Philanthropy = The Answer. How about Kappa Phi Alpha? Too elitist? How about #TheAnswer? Taken?
     For today, let me give you two great examples of how "goodness" truly works in America. First, John Walton (WalMart) and investor Ted Forstmann each contributed $50 million (which the government did not give them) to a new idea, the Children's Scholarship Fund (CSF). On education, Forstmann said, "Some insist that if we would just keep doing more of what we have been doing - spend more money, hire more teachers and reduce classes - we will get different results. I don't believe that anymore." No longer willing to wait for the government public school system to reform, John and Ted decided to use the wealth they created to try other alternatives. Twenty-years later, CSF has raised $741 million and provided scholarships to private and parochial schools for 166,000 students. Yes, 166,000. Interestingly, CSF still requires the Children's' parents to contribute a few thousand dollars to the tuition cost, knowing that the principles of self-interest and behavioral economics are paramount for everyone's success. John and Ted both died too young, but we cannot even begin to calculate their legacy and exponential impact through this onightne program. Thank God they overcame the socialists, the bureaucrats, the professors, the media, the list is too long...
     Second, NYU Medical School was worried that rising tuition and soaring loan balances were pushing new doctors into only the very-high-paying fields and contributing to a shortage of researchers and primary-care physicians. So, they turned to successful business people with connections to NYU. They didn't turn to the government, because we remember from JAM Views Post 4/1/2018, "The Government Has No Money!" The government only has money if we first give it to them (or if they print it out of thin air - Another Post), so the school went directly to the people who create the money which can help others.
Amazingly, NYU has raised nearly $600 million which will cover the expenses of all medical student in perpetuity. This allows more student to specialize in lower-paying Pediatrics, as well as higher-paying Neurosurgery. Without the $200,000 of average medical school loans weighing down each graduate, on top of their undergraduate loans, they are freer to make more considered and empathetic career choices. Interesting how economics always controls choices, isn't it? But, most importantly, we note that Ken Langone and his wife Elaine gave $100 million to this program because they believed in the mission. Ken was the son of a plumber and a cafeteria worker, attended Bucknell and NYU Business School, and then entered Wall street and founded Home Depot, providing a livelihood for over 400,000 people. Yes, 400,000!
     The Wall Street Journal recently commented that all NYU medical students should be required to read Ken's new book, "I Love Capitalism," and write an essay so they understand where the money comes from. Mr. Langone explains in his book that this is how a free society creates wealth and then voluntarily redistributes it. He says that socialism only redistributes poverty. 
These are examples of how you properly build an economy, build a country, and leave a legacy of "good." The rest is nonsense. Don't believe the nonsense the rest of the world tells you. Now, I ask that our members email the Friends of JAM with their ideas for marketing "The Answer." How will we get America to embrace this truth, instead of resenting the Ken Langones? How will we create a top-down, or bottoms-up, structure which allows our citizens to understand and embrace Capitalism + Philanthropy, for it has been the Truth since the beginning of time? #theredpill? Or, is it #thebluepill? "Neo, all I can offer you is the truth."

"Oz never did give nothing to the Tin Man that he didn't already have." - America

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