Exploitation vs. trade: Win-lose or win-win?

A well-educated, intelligent acquaintance was telling me how the quality of care at a privatized, formerly government-run hospital had immediately declined after it was...

We need more selfishness, not less

Contrary to conventional wisdom, selfishness is a virtue--and we need more of it. For most people being called selfish is an accusation, not praise....

Let’s reject CEO pay caps and minimum wages

The annual CEO compensation bashing typically takes place in early January, when media reports inform us about the increased levels of CEO compensation, in...

Why you can't "rip off your clients" and maximize profits at the same time

Last week, an apparently disgruntled Goldman Sachs executive, Greg Smith, had his resignation letter published in the New York Times (http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=2&hp). In the letter,...

Why Jeff Bezos should say no to the Billionaires’ Pledge

Jeff Bezos, the founder and CEO of Amazon, recently became the richest person in the history of the world, as his net worth climbed...

Persistent egoism: Why pursue self-interest?

Many people balk at the idea of ‘persistent egoism’ that I addressed in a recent post. They do so because they have absorbed the...

Abolish “supply management”!

One of the sticking points in the trade agreement (NAFTA) negotiations between the United States, Canada and Mexico is the decades old Canadian chicken...

Who do you trust more: business or government?

An undergraduate business student recently told me: “People of my generation trust government more than they trust business, particularly large corporations.” While I wasn’t...

Business is moral!

Business is in a dire need of moral defense. I have written posts defending the oil sands producers and outsourcing by banks, but those...

Supermarkets—our enemies?

“Every time we step through its doors we enter into a battle with our enemy, the supermarket corporation, whose motives are totally opposed to...

Can you get something for nothing?

I was recently at a small garden center adjacent to a large chain store, getting supplies for spring gardening. I thought of checking the...

Does pursuit of profit cause war?

I recently visited the new premises of my alma mater, Aalto University Business School, in Espoo, Finland. There I picked up an issue of...