This story was shared by an MBA student who was trying to assess a personal business experience. A small technology start-up has started to see some financial success after two years of hard work. The three main shareholders, the CEO and two vice presidents, had made...
When JP Morgan Chase & Co. announced a two billion dollar loss in its main investment office earlier this month, there were increased calls for the U.S. federal government to regulate trading by big banks and to ban speculative trading. Why should we reject such...
Scott Thompson, CEO of Yahoo Inc. just since January, resigned this week when it was found out that his resume falsely stated that he holds a degree in computer science. What motivates people to “embellish” their resume? Presumably it is the desire to impress...
So rather than viewing work as a disvalue that limits our freedom like the Occupiers do, we should embrace it as a source of purpose and self-esteem—important elements of a happy, flourishing life.
With the recent publication of the Occupy Handbook, and the warm spring weather reviving the Occupy protesters from their winter hiatus, it is a good time to ask whether the Occupy [Wall Street] movement has a valid moral claim. What is the Occupy movement’s claim?...
Last week, I was writing about the first UN World Happiness Report and how it pits wealth creation and wealth against happiness. I promised to discuss why wealth creation is not only good for people’s happiness but also for the planet. Wealth creation without the...
The following story was related to me by a student. An acquaintance of his was frustrated and unhappy with her job and felt that her company, which was short-staffed, was not giving her sufficient support and help. The acquaintance felt stressed but was able to cope...
The compensation of Chief Executive Officers of large American corporations is about 300 times more than that of the average employee. Such a big gap in pay is often criticized as immoral and is generally attributed to “greed” or to general unfairness of the “system.”...
Last week, an apparently disgruntled Goldman Sachs executive, Greg Smith, had his resignation letter published in the New York Times. In the letter, Mr. Smith accused Goldman Sachs for exploiting its clients in order to maximize profits. He wrote that the culture of...
Valid moral principles should never be compromised because they are the guidelines for achieving our long-term self-interest, such as a profitable business
Al Gore claims that capitalism “has turned many of the world’s largest economies into hotbeds of irresponsible short-term investment.” He argues that capitalism causes business people to focus on short-term profit maximization which, allegedly, prevents sufficient...
Once you grant that profit making is shameful and business should “give [profits] back to society,” there is no end of claimants for the business’ profits.
Read by students, professors, and citizens, Capitalism Magazine provides over 9,000 free to read articles and essays from pro-reason, individual rights perspective.
No spam. Unsubscribe anytime.