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...

Government “free” trade deals don’t promote freedom

So called “free” trade deals between governments are immoral—because they destroy companies’ freedom to trade freely with whomever they see fit. As Lawrence Solomon...

The Green Reich is encroaching: Banning ‘Le Black Friday’

The Black Friday following the American Thanksgiving has migrated to Europe, where retailers and consumers have embraced it as the big discount day to...

Why business (and the rest of us) needs limited government

Many people take government involvement in the economy for granted. They agree that government should determine, among other things: who companies should hire (equal...

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....

Government meddling with markets is costly: Why competition is good and regulation bad

When I travel in Finland (my native country), comparisons of Finland and Canada often come up in conversations. On the first glance, one would...

Value of competition

The markets are not free in most of the world which means that competition is curtailed. In Canada, the federal government has targeted some...

Government regulation of business: Protection or harm?

Those advocating a strong regulatory state view government regulations as necessary to protect us against businesses that in their pursuit of profits, in the...

Why avoiding taxes is moral

The recent leak of the Panama Papers—which consist of confidential banking documents that report names of thousands of offshore corporations and their shareholders—created a...

The power of entrepreneurship: Report from Vietnam

What can we learn about entrepreneurship from the Socialist Republic of Vietnam, a communist dictatorship, you may wonder. Had you asked me just a...

Sanction of the victim: Canada’s oil sands producers join the climate change fight

This week, my home province Alberta’s recently elected socialist NDP government announced a 3 billion dollar carbon tax—euphemistically called “a climate leadership plan”—across all...

New Year’s wishes: more reason and freedom

I can’t make resolutions to increase long-term success and prosperity for business, but I can identify their requirements: more reason and freedom. Many of...