Peace, love, energy

The Canadian Energy Executives’ Association (CEEA) had its annual business conference recently in Banff, Alberta. The members are mostly oil and gas executives, or...

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...

Teamwork vs. independent thinking?

If we are to believe people like President Obama who famously said: “You didn’t build that”, we would conclude individual accomplishment is insignificant; only...

Profit maximization is moral!

In the last class of my MBA business ethics course, a student commented that while he agreed that businesses must pursue profits to survive,...

Investment bankers’ contribution

I recently spoke with a retired investment banker who was disillusioned with his past profession. He said that he had seen so much what...

Which is more important: Creating wealth or “giving back”?

Last week I attended an awards gala called “Rising Stars.” It was organized by Canada’s Oilweek magazine to recognize up-and-coming leaders in the oil...

What do you gain by lying?

The short answer to the question is: nothing—and besides, you will lose a lot. I have written about honesty before, but a comment from...

Is capitalism dead? Why should you care?

Capitalism has been under attack ever since the Industrial Revolution, which, backed with the Enlightenment ideas of freedom and individual rights, made unprecedented wealth...

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...

Government fails at its job: Nationalization of Trans Mountain pipeline

The Canadian (yes, Canadian, not Venezuelan …) government has just nationalized the yet-to-be-completed Trans Mountain oil pipeline expansion (TMX) by buying its assets from...

Brexit: good for business—if liberty prevails

Many media commentators on the British referendum outcome to leave the European Union have zeroed in on the Brits’ frustration with the increasing intrusion...

Kudos to Uber for resisting the gig work law

California introduced another rights-violating, so-called gig work law (AB5) this year. Its intention is to “protect” gig workers by forcing companies contracting with them...