Government meddling with markets is costly: Why competition is good and regulation bad

When I travel in Finland (my native country), comparisons of Finland and Canada often come up in conversations. On the first glance, one would...

What counts as progress and what makes it possible?

At the end of the year, the media is teeming with reviews of the past 12 months. With their focus on the positive, compilations...

When government is anti-business—and what to do about it

Most governments want to have their cake and eat it, too. Canada’s Liberal government is a good example. In a hunt for more tax...

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,...

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,...

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...

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...

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...

Fighting climate change undermines freedom of business and human flourishing

“There is no hiding from climate change. It is real and it is everywhere,” stated Prime Minister Justin Trudeau last fall (see the McLean's...

Bill Gates, Justin Trudeau, and the misguided inequality crusade

Bill Gates, the co-founder of Microsoft and a strong technology advocate, and Justin Trudeau, prime minister of Canada and a former high school teacher,...