De-globalization vs. global capitalism: Lessons from the pandemic

One of the consequences of the COVID-19 pandemic has been calls against globalization, particularly, global free trade, and for increased economic nationalism: government central...

Government price controls kill people

Last month, 23-year-old Chantelle Lindsay died of cystic fibrosis because she could not access a new drug that is available in the United States...

Income equality is not a value—freedom and productivity are

I have resisted writing about the perceived problem of inequality in income and wealth—Thomas Piketty’s book, Capital in the 21st Century, has received too...

 “Shareholder capitalism” and “inclusive capitalism” versus capitalism

In my previous post, I discussed some corporate leaders’ claims that capitalism is dead and their embrace of a “new” corporate purpose: serving all...

Is capitalism dead? Why should you care?

Capitalism has been under attack ever since the Industrial Revolution, which, backed with the Enlightenment ideas of freedom and individual rights, made unprecedented wealth...

Beware of “sustainable” finance

The goal of “sustainable” finance is to incorporate environmental, social and governance (ESG) considerations ones into investment decisions, as opposed to focusing on financial...

Kudos to Uber for resisting the gig work law

California introduced another rights-violating, so-called gig work law (AB5) this year. Its intention is to “protect” gig workers by forcing companies contracting with them...

More reason and freedom in 2020

Reason and freedom are the fundamental requirements of long-term success in business and of human flourishing; our ability to thrive rests on them both....

In praise of privatization and private property

A recent Calgary Herald column attacked a think-tank’s proposal to improve the city’s governance through privatization of many municipal services. According to the typical...

How capitalism helps everyone flourish

In my business ethics course we always discuss the social context of business, particularly the implications of different social systems: the prevailing mixed economy,...

Principle of freedom trumps government regulation: Why cannabis market should be free

A reader commented on my earlier post that advocated legalization of cannabis: “Given you position about allowing legalization and everyone has the right to use...

We should want more billionaires: Why inequality does not matter

The two big political and social questions that dominate the discourse today are climate change and economic inequality. Except, there is not much discourse,...