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....

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 Pope is wrong: Employment is not exploitation

Recently, during a mass at the Vatican, Pope Francis condemned wealthy employers for paying their workers low wages and accused them of “exploitation”. (Thank...

Freedom of speech and business: What Charlie Hebdo taught us (again)

The horrific murderous attacks by Islamist terrorists on the satirical magazine Charlie Hebdo staff in Paris have re-ignited the debate on the freedom of...

Why net neutrality is bad

The Federal Communications Commission (FCC) has repealed President Obama’s net neutrality regulations from 2015. Good for FCC. I’m not a fan of it, or...

How mistaken moral views explain bad economics

Morality poses the question: For what purpose should I live and how? Economics studies how to organize production and trade of goods and services...

By banning Airbnb and Uber, government violates our rights

Have you tried Airbnb to find a place to stay during your summer travels, or used Uber to find a ride? Whether you have...

Who is responsible for your behavior?

You probably thought that the answer is: “you.” But neuroscientist Sam Harris argues (or rather, asserts) in his new book, Free Will (http://www.amazon.com/Free-Will-Sam-Harris/dp/1451683405/ref=sr_1_4?s=books&ie=UTF8&qid=1344363795&sr=1-4&keywords=sam+harris), that...

Kudos to Exxon CEO for not appeasing climate alarmists

Exxon’s Rex Tillerson is my current CEO hero: unlike his peers, he refuses to appease the climate change alarmists who attack the Big Oil....

Corporate welfare: Government theft

The Canadian government recently announced that it will give Bombardier, the Quebec-based aerospace and transportation company, a $372 million “repayable loan,” which Prime Minister...

Mark Zuckerberg wants to make the world a better place: Productiveness vs. charity?

Facebook CEO and recent parent Mark Zuckerberg has written a letter to his newborn daughter—cum a political manifesto—in which he makes the ‘Billionaires’ Pledge’...

Why do we fear capitalism?

My MBA students have been discussing alternative social systems as context of business in my business ethics class. While most see the value of...