Expert Contributor
Grateful For Capitalism By Joe Morgan, CFP®, CFA, Principal: JWM Wealth Management, LLC, Resident since 2004
B
efore capitalism, the world knew only one way to live together: follow someone who became a leader either through feats of strength, lineage, or some other unrelated factor, and depend on him (mostly “hims”) to lead you well.
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But in any case, follow. The key to a growing and well-functioning economy is to optimize the allocation of resources. Some systems try to do this “intelligently” through great study and decision-making at the top. Those systems don’t work. Capitalism allocates capital based on the individual working in their own best self-interest. This way, when transactions occur they, by definition, benefit both parties, creating an improved situation for everyone. Of course, there are bad actors in capitalism as with any other system, so it is left to government (in whatever form) to prevent these bad actors from creating transactions out of deceit. Honest dealings drive capitalism. Want proof that capitalism has driven growth?
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sanramonmusic@gmail.com www.sanramonmusic.com
• We offer private lessons in music and art, (group classes are available for art only) • Music Lessons: Violin/Viola/Piano/Guitar/ Voice and Flute • We prepare for Recitals, Auditions for Orchestras (included outside of school such as Oakland Youth Orchestra, San Francisco Youth Orchestra, Palo Alto Youth Orchestra, Berkeley Youth Orchestra and more). • We prepare students for tests and competitions. • In art class students will learn main principles of realistic drawing and painting including the study of composition, value, color, and pictorial space. • Advanced students who want to pursue an artist career will develop portfolio for College submission.
From the year 0 to 1820, it is estimated that global GDP grew about 0.1% per year. Since then, driven by all the aspects of capitalism, GDP has grown about 2% per year, or 20 times as fast (according to a recent book by Alan Greenspan and Adrian Wooldridge titled Capitalism in America). JWM Wealth Management, LLC is a Registered Investment Advisor with the State of California and Joe Morgan is a fiduciary to his clients at all times. If you’d like to ensure your finances are on the right track, schedule a call with Joe at www.calendly.com/ jwmwealth. You can also learn more at jwmwealth.com.
Testimonials
Victoria’s love for music, appreciation for violin, and enthusiasm to with work with students of all ages and diverse backgrounds, makes her prefect as a teacher.
Iren Gullapalli, Ph.D. | San Ramon, CA--
Victoria is knowledgeable, enthusiastic and very easy to communicate with. She is always positive, encouraging and very respectful. My son is usually not very comfortable performing in front of an audience but Victoria provides plenty of activities that prepare her students to feel comfortable for the recitals. So far, my son has performed four times in the students’ recitals and has not complained yet. Helen Lin | Livermore, CA
We are proud to support our local schools and enrich our community with high standards of teaching music and art. We are taking a high degree of responsibility to teach and mentor the younger generation of musicians, and an artists who wants to achieve an expert level or pursue other interests having gained a skill that will bring them satisfaction throughout their entire life.
BLACKHAWK LIVING 15
