Why government is anti-innovation

The Canadian Liberal government (similar to the Democrats, but further to the Left) announced its first budget last week, filled with bold promises—and lots...

Why business requires moral clarity and courage

Why would a practical endeavor such as business—creating wealth through production and trade of goods and services—require moral clarity and courage, you may ask....

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...

Defending oil pipelines: Why pursuing ‘social license’ is futile

Environmentalists, led by New York-based Natural Resources Defense Council (NRDC), have launched a campaign against the TransCanada Corp.’s proposed Energy East pipeline. Energy East...

Profit maximization as moral purpose: Channeling Milton Friedman

To many, profit maximization seems cold, heartless, even exploitative. They consider business immoral and the profit-seeking corporate model to be in need of reform....

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:...

Profit motive and private property—keys to preventing forest fire damage

A large forest fire—covering an area of about 160,000 hectares, according to the latest reports—has been ravaging the city of Fort McMurray, the center...

Does government regulation make us safe?

When government regulates and licenses daycares, restaurants, taxicabs, banks, other businesses, and physicians, we can rest assured that their operations and products are safe...

How to help workers flourish?

Labor Day celebrates labor unions as the protectors of workers against exploitation by “greedy” capitalists—corporations that allegedly would lock up workers in inhumane conditions...

“Social license to operate” vs. right to liberty and property

The concept “social license to operate” has started to gain traction in the media recently. The term has been attributed to Canadian mining executive...

Morality of capitalism

I have written about the aversion to capitalism (including among business students) before. Given all the evidence about the benefits of free markets—such as...

Robbing from the rich in order to give to the poor: immoral and impractical

Last week the mayor of a Spanish town in Andalusia was orchestrating raids to local supermarkets for the purpose of stealing food to feed...