We don’t need protection against big business

Politicians from President Donald Trump to Senator Elizabeth Warren keep complaining that big corporations—Amazon, Google, Apple, Facebook, and others—have too much power and need...

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...

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...

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...

“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...

Fighting climate change undermines freedom of business and human flourishing

“There is no hiding from climate change. It is real and it is everywhere,” stated Prime Minister Justin Trudeau last fall (see the McLean's...

Beneficiaries vs. “victims” of capitalism?

I recently did an interesting tour of the Carrie Furnaces, a national historic site of a former iron mill near Pittsburgh. Our guide who,...

Reason to cheer: The top 25 hedge fund managers earn more than all kindergarten...

President Obama, the Chief Inequality Fighter of the United States, in a recent address at Georgetown University discussed poverty and brought up yet another...

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...

Fighting climate change vs. enhancing prosperity

The world political leaders and environmentalists will gather shortly at the UN summit in Paris, in a global effort to combat climate change. Most...

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 corporate hero: Exxon Mobil fights back for free speech

Many oil companies succumb to the pressure from environmental activists and the media and join the fight against ‘climate change,’ or at least make...