America’s industrial progress, in the short span of a century and a half, has acquired the character of a legend: it has never been equaled anywhere on earth, in any period of history. The American businessmen, as a class, have demonstrated the greatest productive genius and the most spectacular achievements ever recorded in the economic history of mankind. What reward did they receive from our culture and its intellectuals? The position of a hated, persecuted minority. The position of a scapegoat for the evils of the bureaucrats. – AYN RAND
"The top 25 hedge fund managers made more than all the kindergarten teachers in the country," declared President Obama in a discussion of poverty at Georgetown University. Calling them “society’s lottery winners,” he proposed to hike their taxes. Predictably, battle...
Pragmatism is widely considered a virtue in business, but it is in fact a perilous approach, antithetical to long-term profitability.
Obama’s stereotype of all rich people as being “born” into it (hence the lottery analogy) betrays not only willful ignorance, but an irrational hatred of production and success.
Why do most people criminalize wealth creation while others cheer and appreciate it?
Integrity is being trumped by pragmatism, both in business and in politics.
The problems startups have in raising capital caused by securities regulation.
Jobs come from government getting out of the way and letting employers produce goods and services.
Government intervention necessarily begets more intervention.
Is it ethical to fire employees who are on a leave?
Obama did not build Staples, nor any other profit-making company offering value to its customers and employees. Yet he’s the one with life-or-death control over all companies. His moralistic tone of “shame” shows how he really believes it.
If the Kochs’ views were the same as George Soros’, I don’t think anti-capitalists would not complain as much.
The notion that business should sacrifice its self-interest—profit—to some undefinable “collective good” is ludicrous.
There is a moral code that is consistent with long-term profitability of business.
The battle over minimum wage is raging. Emotions are running hot. Some cities are setting the bar very high. For example, Seattle is mandating a $15/hour wage. Economically, the issue is very simple. Minimum wage laws do not raise anyone’s wage. This is because it’s...
Business is moral because our lives and well-being depend on it, and businesspeople are heroes and moral creators who deserve, not our disdain and criticism, but our thanks.
By appeasing the protestors, the first moral principles the Sainsbury’s manager conceded was the right to liberty.
To argue that foreign takeovers of Canadian companies are of “no net benefit” is nonsensical.
The foundation of BB&T’s success is its principles.
Reducing investors’ incentives to take risks is reducing the jobs their investments are likely to create.
Insider trading is when someone trades with knowledge they have but which others do not. The question is whether this should be a crime.
The moral is the practical—that is the reason why you want to be moral.
Instead of humility that the “you are not that good” remark is trying to admonish, an effective business leader needs to embrace the moral principle of pride: the policy of doing one’s best.
Ayn Rand asked the question, “Philosophy: who needs it”? Allison and BB&T have proven that businesses need philosophy — Ayn Rand’s philosophy.
RBC and any other company should be free to outsource as much as they want—because it is moral.
In its recently released budget the Canadian (Conservative!) government announced $6.4 billion of new corporate welfare spending. The aerospace sector will receive $1.2 billion of it over the next five years, Federal Economic Development Agency for Southern Ontario...
Rubio perpetuates exactly what’s wrong. He assumes, like Obama, that what we have is a mostly free enterprise system. But we don’t.
Right-to-work laws prevent unions from imposing mandatory fees, giving employees the right to work without paying union dues. Otherwise, right-to-work has no effect on collective bargaining. All other negotiations continue as before. What’s wrong with that?
Collective bargaining laws give unions an effective monopoly on many state and local government workforces.[1] They force the government to negotiate employment terms with the union, and all employees must accept that union’s representation. Unions use this power to...
Benta Diaw immigrated to the United States from Senegal. She decided to open a business braiding hair as she was taught by her grandmother in Africa. However, the state of Washington declared her business illegal. Was Diaw misleading her clients and using dangerous...
Whole Foods co-CEO John Mackey recently backed off his description of Obamacare as “fascism.” Mackey stated, “I made a poor word choice to describe our health care system, which I definitely regret. The term fascism today stirs up too much negative emotion with its...
In the long term, we cannot consume more than we produce.
Obama and his wife, call for service to replace the motive of profit. Yet if money and profit are so bad, why do those seeking the trillions in redistributed wealth want it so badly?