CEO pay caps and minimum wages are immoral because both curtail individual freedom by government force—yet, freedom is the fundamental requirement of human flourishing and prosperity.
Inventing vaccines, restoring eye sight, developing new and more efficient food sources, increasing productivity, reducing poverty, all depend on human ingenuity: our exercising reason to solve problems and to create.
Regulating public utilities to be “neutral” has led to ever-escalating prices and poor service (think of postal services and roads), due to inefficient operations and the lack of incentives—competition—to lower costs and to improve service.
Why are businesses not gearing up for the post-carbon economy?
Those who feel guilt over material wealth and blame business for commercializing Christmas through ‘greedy’ profit seeking should pause and ask: “What is the standard of value by which we condemn material wealth and business?”
Those producing and trading goods and services for profit are not taking anything away from others—the producers and traders are creating material values that would not exist without their productivity.
Collectivists believe that individuals have value and identity only as members of a group, whether a tribe, a member of a political movement, a race. Therefore, collectivists hold, we should judge people as members of a group, not as individual human beings based on their own character or conduct.
The essential moral case for finance that Brook and Watkins present is that finance is good by the standard of human flourishing.
Thinking on the job, and in every other aspect of life, is a virtue necessary for human flourishing.
As Ayn Rand explains, the only proper role of government is to protect citizens against the initiation of physical force and fraud, through the police, the armed services, and the courts.