The “stakeholder” approach is based on the mistaken premise that everyone that makes a claim on a business must be—or deserves to be—treated equally, and that the business must appease every critic.
Jaana Woiceshyn
Jaana Woiceshyn taught business ethics and competitive strategy for over 30 years at the Haskayne School of Business, University of Calgary, Canada, where she is now an emerita professor.How to Be Profitable and Moral” is her first solo-authored book.
Visit her website at profitableandmoral.com.
Capitalism Does Not Breed “Tyrannical” Bosses
Tyranny—the cruel and oppressive treatment of others by those in positions of power—is not possible under capitalism.
No Need to Boycott Amazon.com
There is absolutely no moral reason to boycott the company.
Happiness of Work
Only one value can serve as the central purpose in a person’s life: productive work.
Business Hero: Resolute Forest Products CEO Richard Garneau
Resolute Forest Products’s CEO Richard Garneau is a business hero.
Pragmatism is Impractical in the Long Run
Why does it rule in business?
The Causes of the Greek Economic Tragedy—and the Capitalist Cure
New headlines and news stories about Greece’s looming economic collapse appear daily. This weekend, the National Post has a series of articles on the theme “Greece on the brink.” Some point the finger at the country’s political leadership: “The negotiation game:...
Innovation Requires Freedom
Freedom is a fundamental requirement of innovation.
The Causes of the Greek Economic Crisis–and The Cure
Altruism is to blame for Greece’s woes.
“Inclusive Capitalism” is Non-Capitalism
Instead of joining the Coalition for Inclusive Capitalism, companies and investors would do much better by advocating true, laissez-faire capitalism: individual rights and private ownership—with the consequence of more wealth creation, less pollution, and more overall well-being and flourishing for all.
Kudos to Exxon CEO for Not Appeasing Climate Doomsdayers
The Exxon CEO is a rare exception, with the courage to defend his company’s moral right to pursue its own interest: profitable production of fossil fuels.
Pragmatism Is An Impractical Philosophy for Business
Pragmatism is widely considered a virtue in business, but it is in fact a perilous approach, antithetical to long-term profitability.
Top 25 Hedge Fund Managers Earn More Than All Kindergarten Teachers
Why do most people criminalize wealth creation while others cheer and appreciate it?
Integrity in Business and Politics
Integrity is being trumped by pragmatism, both in business and in politics.
Who Is Afraid of Individual Rights?
Why conservatives are either averse to individual rights—with the exception of property rights—or do not see them as important.
Defending Google Against Antitrust
Google is not limiting competition but creating it, through its own innovations that others are free to try to surpass.
Defending Google: Big Data and “Unfair Competition”
New rivals who want to enter the Internet services market and are not putting together big data sets cannot claim that they have a right to the established companies’ data—they have done nothing to deserve access to it.
The Virtue of Justice: Judging Others and Self
Despite the teachings of conventional morality, judging others is a virtue from the perspective of rational egoism.
Government’s Role: Providing Services or Protecting Individual Rights?
If someone steals our property, our pursuit of values is thwarted or prevented altogether. This is exactly what the government does when, instead of letting us decide how to live our lives and spend our money, it taxes us and decides how our money is to be spent.
Income Equality vs. Improving Health
The argument that narrowing the income gap between the wealthy and the poor will improve everyone’s health defies facts and logic.
Product Quality and Safety: Government Regulation or Free Competition?
In free markets with a strong protection of individual rights by the government, competition weeds out bad products and bad companies.
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