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 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,...

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:...

Why do we fear capitalism?

My MBA students have been discussing alternative social systems as context of business in my business ethics class. While most see the value of...

Anti-development is anti-life

Canada’s Financial Post (FP) is running a week-long series entitled “Arrested Development” which investigates how “Canada has turned into a can’t-do nation as surging...

The oil and gas unemployment crisis and how to fix it

According to estimates, there are 100,000 unemployed oil and gas workers in Alberta, most of them highly trained professionals in my home town Calgary....

Government regulation of business: Protection or harm?

Those advocating a strong regulatory state view government regulations as necessary to protect us against businesses that in their pursuit of profits, in the...

Apple’s tax strategy is not only legal—it’s moral

The U.S. corporate tax rate is about 40%. Ireland’s is 12.5%. Following a tax minimization strategy and legal transfer pricing practices, Apple claims about...

Corporate leaders: seekers of climate change salvation?

Bank of England Governor Mark Carney has predicted that climate change will lead to a financial catastrophe—unless corporate leaders start taking the risks of...

Government regulation does not make us safe—capitalism does

Would you trust government more than business to keep you safe? Amazingly, most people say yes almost automatically when asked. They see government as...

Confusion of Bill Gates: Capitalism, socialism, and climate change

In a recent interview with the Atlantic, Bill Gates revealed his utter confusion when he claimed that “only socialism can save the planet from...

What motivates haters of capitalism?

The intellectual leaders of the Canadian Left, such as Naomi Klein and David Suzuki, and their celebrity fellow travelers, including Neil Young, Donald Sutherland...