While the welfare state cannot be transformed into a free-market system overnight, businesspeople can help by speaking up (in forums open to them) when restrictions on freedom of business are being proposed by government and other groups.
If there is a lesson to be learned from the economic lockdowns governments around the world started imposing on businesses in an attempt to contain the coronavirus pandemic, it is the importance of independence.
Those who feel guilt over material wealth and blame business for commercializing Christmas through ‘greedy’ profit seeking should pause and ask: “What is the standard of value by which we condemn material wealth and business?”
Altruism is not the only moral code; there is an alternative that facilitates long-term profit maximization.
It’s mistaken to think that pursuing profits harms people. Profit-seeking by business does not harm but rather benefits people, beyond its owners.
If we want to recover from the pandemic and the devastation of the government lockdowns, we must embrace the freedom-restoring solution: capitalism.
Antitrust legislation is an example of the government’s improper use of political power.
The Canadian government’s net-zero 2050 plan has been aptly criticized for not being feasible because it ignores reality: the lack of necessary technology and the increasing demand for affordable and reliable energy in developing countries around the world.
Although the ideas behind the attacks on business are often not explicitly labeled as Marxist, that is what they are.
By rejecting unfounded accusations and standing by its products and their marketing, Trader Joe’s (and indirectly, its customers) displayed all of them—and therefore has earned the designation as a corporate hero.
Business—and the rest of us—cannot afford to conform to social pressure but must find the courage to speak up and defend freedom.
Abandoning objectivity—factual reporting—and spreading misinformation, no matter how popular, is not in media companies’ self-interest in the long term.
Only in a society where individual rights are recognized and the government’s sole role is to protect them, will racism be eradicated.
An excerpt from the Introduction to How to Be Profitable and Moral By Jaana Woiceshyn.
Why are the governments dictating when and how the economy can re-open?
Pandemic or not, the dream of abandoning fossil fuels is just a dream—a suicidal one
The COVID-19 pandemic may help by bringing a clearer understanding why business needs a moral defense from its leaders and that such defense must be based on the principle of individual rights.
A wholesale economic lockdown in a pandemic does not protect but violates rights.
Voice of Capitalism
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