Are the rich getting richer and the poor poorer?

The long-standing argument of the Left is that the rich are getting richer and the poor poorer, presumably because the former “exploit” the latter....

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...

“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...

Why Bayer’s takeover of Monsanto will NOT diminish innovation, increase prices, and destroy...

The German chemicals multinational Bayer has finally completed its takeover of the U.S.-based Monsanto, after nearly a two-year process of obtaining regulatory approval in...

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...

Does freedom cause crime, obesity, and drug addiction?

In discussing capitalism with my MBA business ethics class, this objection came up: there is too much freedom in a capitalist society, and it...

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:...

The paradox of capitalism

Why is capitalism not appreciated? This is the theme of Peter Foster’s new book: Why we bite the invisible hand: The psychology of anti-capitalism....

What is an “unfair” competitive advantage?

Having not read newspapers for the duration of a two-week vacation (the reason for no posts), I eased myself back with the Wall Street...

“Victims” of capitalism?

When the Canadian government recently announced the plan to build a monument to victims of communism, Elizabeth May, the Green...

Aversion to capitalism

After we covered the main moral codes--altruism, egoism, and cynical exploitation--in my MBA business ethics course, my students report that they are all egoists...

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...