Steve Jobs Versus Barney Frank
Steve Jobs creates delightful products that consumers willingly and eagerly buy. Barney Frank issues edicts and demands that individuals must grudgingly obey.
Americans May Deserve ObamaCare
ObamaCare completes America’s transformation to government-run health care.
Why Is It Moral to Pay CEOs 300 Times More Than Average Employees?
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.”...“Crony Capitalism” is Fascism
Imagine that you start a business, and after years of hard work, you achieve the success that you had long thought possible. How would you react if, after achieving success, the government told you that you must pay a portion of your revenues to your competitors? The...Why You Can’t “Rip Off” Your Clients and Maximize Profits at the Same Time
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...Warren Buffet: The Crony Oracle of Omaha
Warren Buffet is a crony capitalist who bends the truth to serve his long-held ideological commitment to big government.
