“Under capitalism, who would regulate us?”

"Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.” –Ayn Rand To...

Why isn’t there more rational selfishness?

I am teaching business ethics to a class of MBA students. The course covers the main alternative moral codes:altruism—the most widely adopted code...

The moral purpose of business: Larry Fink vs. T.J. Rodgers

Larry Fink, CEO of one of the largest investment management firms in the world, BlackRock, has sent a letter to all S&P 500 CEOs,...

Why Amazon should choose the United States over Canada

Amazon has released the eagerly awaited shortlist of 20 cities for its second headquarters. Only one contender of the several Canadian cities—Toronto—remains. And when...

Why business makes Christmas better

Millions of people are about to celebrate Christmas, by decorating their homes, setting up Christmas trees and lights, getting together with their families, exchanging...

Are there right answers in ethics?

Ethics education is blossoming in business schools (see a Financial Post article). Yet, the scandals don’t seem to go away: corruption at Canadian construction...

Why are businesses not gearing up for the post-carbon economy?

Governments’ are making great efforts—such as banning oil pipelines and subsidizing unprofitable “green” technologies to avert man-made climate change—to help businesses move to the...

Exploitation vs. trade: Win-lose or win-win?

A well-educated, intelligent acquaintance was telling me how the quality of care at a privatized, formerly government-run hospital had immediately declined after it was...

Why finance is moral

I have just finished reading recently published In pursuit of wealth: The moral case for finance, edited by Yaron Brook and Don Watkins. It...

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 every job is a thinking job

A friend who used to work as a general contractor regularly placed the following job ad: “Thinking carpenters wanted.”I recalled that when talking to...

Altruism is not a guide for living—or for business

Most of us pursue self-interest every day: we eat nutritious food, engage in productive work (to have a purpose and to make a living),...