The only thing governments can do to facilitate innovation is to stay away from markets and allow companies compete and trade freely.
If anyone else did what the government does with our money, such as hand out corporate welfare, it would be called theft.
Businesspeople who produce material values are not the same as crooks who prey on gullible investors or customers or both, and produce nothing.
Clear moral principles, such as honesty, make the right—the self-interested, win-win—course of action so much easier.
CSR also sneaks in the ideal of altruism, the duty to serve others “to further some social good, beyond the interests of the firm.”
By clearly and publicly withdrawing their moral sanction of government’s freedom-curtailing and welfare-destroying actions, business leaders can have a big impact on all of our future.
Government should get out of regulating business at all, including regulations on product safety, emissions, and dealing with industrial waste.
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.
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.
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.
Business is for producing and trading material values, driven by the profit motive.
In my years of teaching ethics to business students, I must have heard it all when it comes to justifying deception and lying in business.
True self-interest cannot involve cynical exploitation of others through initiation of physical force or fraud
On July 21, 2011, Wake Forest University Schools of Business Distinguished Professor of Practice John Allison address the Master of Arts in Management Class of 2012. The retired chairman and CEO of BB&T discussed Principled Leadership with the incoming class of business students.