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...

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...

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...

Upselling by banks: Why more regulation is not the solution

Canadian Broadcasting Corporation (CBC), Canada’s tax-payer funded radio- and television broadcaster, is calling for tighter regulation of banks—true to its leftist, anti-business leanings. This...

Keys to innovation

As David Akin writes in the Financial Post, the Canadian government has tried, through science policy, tax incentives and other programs, to boost innovation...

Flourishing business needs free markets

The big media story about business to start the year (at least for the CBC, the Canadian public broadcasting corporation) was the “outrageously” high...

Business and the moral sanction of the ballooning regulatory state

All tax payers are suffering under the increasing regulatory and tax burden, as governments are trying to cope with the sagging economies (that they...

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...

Why business and force don’t mix

My recent post on the Pope’s misguided accusation of business for exploiting workers has received some reactions that indicate a misunderstanding of the role...

The nanny state of Finland

On a recent visit to Finland, I had some exposure to the current state of the culture and politics of my native country. Sad,...