China Has Lower Shareholder Taxes Than America?
If shareholders in communist China are allowed to keep more of their earnings than shareholders in capitalist America, which nation is more communist and which more capitalist?
Proper vs. Improper Compromise in Business
Valid moral principles should never be compromised because they are the guidelines for achieving our long-term self-interest, such as a profitable business
Central Banks Beat Up on Private Creditors
Last week the Greek government, with the heavy handed support of its larger friends in the Eurozone, succeeded in coercing some 85.8 percent of private sector bondholders to “voluntarily” exchange €206 billion-worth of Greek sovereign bonds for newer bonds...The “Limits” of Economic Progress
A few weeks ago I caught a portion of a radio program in which a commentator argued that economic progress has limits. He used a hamster as an example: For the first few weeks of his life, a hamster doubles in size each week. If he did this for a year, he would...Why is Al Gore’s Call for “Sustainable Capitalism” Superfluous?
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...Twilight in America?
The most important principle of leadership is convincing people that they can do what they believe they cannot. American history is full of such leaders. George Washington convinced his troops that they could win against virtually impossible military odds. Thomas...The Productive and The Unproductive
The only classes in a free society, if you want to call them “classes,” are the productive and the unproductive.
The Pacific Railway Act and the Interstate Commerce Act
In 1887, Congress created the first federal regulatory agency by enacting the Interstate Commerce Act. As has often been the case since that time, the act was a response to the problems created by previous government interventions. Under the Pacific Railway Act,...Why Does Business Appease Its Critics?
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.
