“The top 25 hedge fund managers made more than all the kindergarten teachers in the country,” declared President Obama in a discussion of poverty at Georgetown University. Calling them “society’s lottery winners,” he proposed to hike their taxes. Predictably, battle lines have been formed between two polarized sides. One side—let’s call them the Gauche for […]
Pragmatism is widely considered a virtue in business, but it is in fact a perilous approach, antithetical to long-term profitability.
Obama’s stereotype of all rich people as being “born” into it (hence the lottery analogy) betrays not only willful ignorance, but an irrational hatred of production and success.
Why do most people criminalize wealth creation while others cheer and appreciate it?
Jobs come from government getting out of the way and letting employers produce goods and services.
Government intervention necessarily begets more intervention.
Is it ethical to fire employees who are on a leave?
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.