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,...

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:...

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...

Profit motive and private property—keys to preventing forest fire damage

A large forest fire—covering an area of about 160,000 hectares, according to the latest reports—has been ravaging the city of Fort McMurray, the center...

Capitalism does not breed “tyrannical” bosses

Last week I discussed whether we should boycott Amazon, prompted by the recent New York Times article alleging cruel treatment of employees at the...

“Inclusive capitalism” is not capitalism

Returning from a trip to Europe (the excuse for no posts recently), I read a column in the Wall Street Journal’s Europe edition by...

Morality of capitalism

I have written about the aversion to capitalism (including among business students) before. Given all the evidence about the benefits of free markets—such as...

“Social license to operate” vs. right to liberty and property

The concept “social license to operate” has started to gain traction in the media recently. The term has been attributed to Canadian mining executive...

130 environmentalist groups want to end “hegemonic capitalism;” blame it for climate change

Recently, 130 environmentalist groups gathered in an UN-backed event in Venezuela to gather more civilian support to combat climate change, reports the Daily Caller....

In praise of privatization and private property

In a recent column in Calgary Herald, Naomi Lakritz attacked a think-tank’s proposal for improving the city’s governance through privatization of...

Free market should win over government control

After months of deliberation, the Canadian government has finally approved the $15 billion takeover of the Canadian-based oil and gas producer Nexen Inc. by...

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

Last week, I was writing about the first UN World Happiness Report and how it pits wealth creation and wealth against happiness. I promised...