Government should get out of regulating business at all, including regulations on product safety, emissions, and dealing with industrial waste.
Recognizing facts and assessing them by the standard of human flourishing inevitably leads to the conclusion that fossil fuel companies are not villains but producers of essential human value and deserve to be not attacked, but thanked.
Productive companies and investment bankers who help them obtain capital are making an important contribution to human flourishing for which they should be proud.
If we want to promote human flourishing and avoid human suffering, it is crucial that we challenge the ideal of government ‘redistribution’ of wealth and regulation of the economy and advocate reason, freedom and individual rights instead.
Work is a crucially important value. When productive, work gives us not only the material means of survival and enjoyment of life, but it is also the main source of self-esteem and provides a central purpose that makes the rest of our values achievable by helping prioritize them.
Rather than complaining about ‘unfairly’ low corporate taxes paid by Apple and others, we would be better off advocating low, and eventually no, corporate taxes, more wealth creation, strong protection of individual rights by governments–and capitalism.
As appeasement and pursuit of ‘social license’ is futile, other oil and pipeline executives should follow Girling’s example and defend their companies on moral grounds for the great value they provide. Governments, for their part, should cease their welfare-destroying climate change policies and focus on protecting individual rights instead.
Every day, businesses make the world a better place to live, profitably, by creating and trading material values, by mutual consent and for mutual benefit. It’s time we’d recognize it and appreciate business people for what they do. Such a cultural change would, in time, create business heroes also in Hollywood movies and spiritual fuel for all of us.