The best way to spur ethical conduct by banks—trading value for value with their customers—is to deregulate banking.
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.
Taking The Moral High Ground Against Environmentalist Groups
Only by recognizing the moral value of its work, can business stand up and defend itself like Resolute Forest Products has done.
Laissez-Faire Capitalism Is The Political-Economic Foundation of Innovation
The only thing governments can do to facilitate innovation is to stay away from markets and allow companies compete and trade freely.
Trudeau’s Illogical Leap on Climate Change
Governments’ use of force to curtail CO2 emissions is not only futile—it undermines freedom of business and of the rest of us, and therefore, human prosperity and flourishing.
Businesspeople are Producers, not Predators
Businesspeople who produce material values are not the same as crooks who prey on gullible investors or customers or both, and produce nothing.
What Does It Take to “Make America Great Again”?
Preferring American-made products to those made in China or Mexico just because they were made in America, does not enhance American prosperity.
Immoral Government: “Phasing Out” Fossil Fuels
Fonda’s attack on the oil sands is inconsequential; Trudeau’s is evil.
Flourishing Business Needs Free Markets
iPhones would never have been created in a centrally planned economy where the government regulates the prices, from CEO pay to those of products.
Progress: Ten Reasons to Look Forward to the Future
While often criticizing government for curtailing our freedom instead of protecting it and businesspeople (or others) for failing to act ethically, I want to focus on the positive in my last post of the year.
Anti-Development is Anti-Life
The environmentalist and other activist leaders concentrate on reversing human progress and diminishing human well-being as much as possible.
Government “Free” Trade Deals Don’t Promote Freedom
Truly free trade can only take place in free markets, not in the prevailing mixed economies where governments pick favored trading partners
Fraud is Not an Ethical Dilemma: Avoiding Scams Like the Wells Fargo Fake Accounts
Clear moral principles, such as honesty, make the right—the self-interested, win-win—course of action so much easier.
Trump: Wrong On Free Trade
Protectionism is not a recipe for prosperity—free trade is.
The Corporate Social Responsibility “Package Deal”
CSR also sneaks in the ideal of altruism, the duty to serve others “to further some social good, beyond the interests of the firm.”
Bad Business: The Moral Sanction of the Regulatory State
By clearly and publicly withdrawing their moral sanction of government’s freedom-curtailing and welfare-destroying actions, business leaders can have a big impact on all of our future.
Laissez-Faire Capitalism: The Solution to the Oil and Gas Unemployment Crisis
Government-caused uncertainty, such as not approving pipeline construction or imposing more taxes (such as the carbon tax), discourages investment and thus prevents employment recovery.
No Business Should Cheer a Carbon Tax
Telus doesn’t get that its role is the creation of material values (cell phone service), not encouraging more taxation. On the contrary, it should oppose the carbon tax and any other taxes as they destroy human welfare.
Government Regulation of Business: Protection or Harm?
Government should get out of regulating business at all, including regulations on product safety, emissions, and dealing with industrial waste.
Defending Fossil Fuel Companies Against Climate Catastrophists
Recognizing facts and assessing them by the standard of human flourishing inevitably leads to the conclusion that fossil fuel companies are not villains but producers of essential human value and deserve to be not attacked, but thanked.
The Investment Bankers Contribution: Directing Capital To Productive Uses
Productive companies and investment bankers who help them obtain capital are making an important contribution to human flourishing for which they should be proud.
Government, Business, and Human Flourishing
If we want to promote human flourishing and avoid human suffering, it is crucial that we challenge the ideal of government ‘redistribution’ of wealth and regulation of the economy and advocate reason, freedom and individual rights instead.
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