Moral virtues of business success: Lessons from Madoff

Earlier this year, the infamous pyramid investment king Bernie Madoff was testifying in court, in conjunction with a lawsuit that seeks to get his...

Beneficiaries vs. “victims” of capitalism?

I recently did an interesting tour of the Carrie Furnaces, a national historic site of a former iron mill near Pittsburgh. Our guide who,...

Business leaders’ appeasement on climate change: What can they do?

President Trump withdrew the United States from the 2015 Paris climate accord, receiving prompt condemnation from environmentalists, media, heads of other governments—and business leaders....

“The same for everyone”

“The same for everyone”“The same for everyone” are  installations of illuminated text by the Scottish artist Nathan Coley, erected on scaffolding around Aarhus, Denmark...

Embracing the nanny state versus valuing freedom

Everyone knows that freedom is an essential requirement of human survival and happiness. Correct? Apparently not. The other day I was listening to a...

Profit maximization is moral!

In the last class of my MBA business ethics course, a student commented that while he agreed that businesses must pursue profits to survive,...

The power of entrepreneurship: Report from Vietnam

What can we learn about entrepreneurship from the Socialist Republic of Vietnam, a communist dictatorship, you may wonder. Had you asked me just a...

The folly of corporate income taxation: Failure to integrate knowledge

Elizabeth Warren and her fellow leftists love corporate taxation because they see it as a means of income redistribution from wealthy investors to workers,...

Which is more important: Creating wealth or “giving back”?

Last week I attended an awards gala called “Rising Stars.” It was organized by Canada’s Oilweek magazine to recognize up-and-coming leaders in the oil...

Why wealth creation (and private property and property rights) is good for the planet

In my previous post, I was writing about the first UN World Happiness Report and how it pits wealth creation—and wealth—against happiness. I promised...

Another fallacy about capitalism: Coercive monopolies

I recently attended a talk about innovation by a well-known former CEO of a successful Canadian company. His remarks were mostly sensible at first:...

Defending Uber

It appears that Uber is in trouble: good executives quit, allegations of sexual harassment, and a “toxic” work culture. CEO Travis Kalanick was caught...