Madoff was what Ayn Rand would call a second-hander: someone who tries to gain values by pleasing and manipulating others rather than thinking for himself based on observation of facts and supporting himself through productive work.
What really drives Amazin’s critics is a hatred of success: success of anyone who is achieving more than others.
There is no virtue in restraining the pursuit of profit: profit maximization is moral.
Taxing corporate income doesn’t benefit but hurts workers while discouraging investment.
To fully achieve flourishing, the Vietnamese need not only economic but political freedom.
No matter what the management troubles at Uber, it must be defended against any government tax grab or regulation potentially suffocating the company.
The narrative of ‘the monopolist jacking up prices to exploit its customers’ only applies to government-granted monopolies, such as the postal service or many utilities.
We have nothing to fear from capitalism and much to gain: the win-win situation of free trade with others, with flourishing for all, according to ability, effort and productivity.
The best way to spur ethical conduct by banks—trading value for value with their customers—is to deregulate banking.
Only by recognizing the moral value of its work, can business stand up and defend itself like Resolute Forest Products has done.