Obama did not build Staples, nor any other profit-making company offering value to its customers and employees. Yet he’s the one with life-or-death control over all companies. His moralistic tone of “shame” shows how he really believes it.
The notion that business should sacrifice its self-interest—profit—to some undefinable “collective good” is ludicrous.
There is a moral code that is consistent with long-term profitability of business.
Business, the activity of producing and trading goods and services, demands a great deal of moral virtue, and businesspeople are not lowly materialists but moral creators.
Business is moral because our lives and well-being depend on it, and businesspeople are heroes and moral creators who deserve, not our disdain and criticism, but our thanks.
By appeasing the protestors, the first moral principles the Sainsbury’s manager conceded was the right to liberty.
To argue that foreign takeovers of Canadian companies are of “no net benefit” is nonsensical.
The foundation of BB&T’s success is its principles.
Reducing investors’ incentives to take risks is reducing the jobs their investments are likely to create.
Business executive Michelle Freeman recently spent a night shivering in the cold with homeless teenagers. What “good” will that achieve when the teenagers can’t find work? What moves wealthy individuals to do “penance” for their wealth?
Insider trading is when someone trades with knowledge they have but which others do not. The question is whether this should be a crime.
The moral is the practical—that is the reason why you want to be moral.
Instead of humility that the “you are not that good” remark is trying to admonish, an effective business leader needs to embrace the moral principle of pride: the policy of doing one’s best.
An excerpt from Donald Donald and Andrew Greta’s I am John Galt: Today’s Heroic Innovators Building the World and the Villainous Parasites Destroying It (Wiley). In November 2008, 30 days before his scheduled retirement, John Allison sat atop a black office tower in Winston-Salem, North Carolina, preparing to sign away his life’s work. He’d […]
RBC and any other company should be free to outsource as much as they want—because it is moral.
In its recently released budget the Canadian (Conservative!) government announced $6.4 billion of new corporate welfare spending. The aerospace sector will receive $1.2 billion of it over the next five years, Federal Economic Development Agency for Southern Ontario $920 million, forestry companies $92 million, Venture Capital Action Plan $60 million, and $325 million will go […]
Rubio perpetuates exactly what’s wrong. He assumes, like Obama, that what we have is a mostly free enterprise system. But we don’t.
Whole Foods co-CEO John Mackey recently backed off his description of Obamacare as “fascism.” Mackey stated, “I made a poor word choice to describe our health care system, which I definitely regret. The term fascism today stirs up too much negative emotion with its horrific associations in the 20th century.” Actually, he should have stuck […]