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.
I wish that people who make millions or billions of dollars, such as Bill Gates, would stop denigrating and seeking to undermine the very system that enabled them to be successful in the first place: capitalism.
Don Watkins, co-author of the national bestseller “Free Market Revolution,” argues that businessmen do not have an obligation to “give something back.”
If Zuckerberg truly wants to eliminate poverty and find cures for diseases, most of his money should be invested in profit-seeking businesses.
The beauty of the Uber model is that it actually makes free trade between Uber’s drivers and their customers possible, without the intrusion of the regulatory state.
In cheating customers and others, VW was not acting selfishly but self-destructively.