An excerpt from the Introduction to How to Be Profitable and Moral By Jaana Woiceshyn.
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.
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.
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.
So which is more effective in keeping us—as customers and employees—safe: the government bureaucrat with no personal incentive, or the businessman, whose profits and reputation depend on the safety and satisfaction of his employees and customers?
If we want economic prosperity and human flourishing, we need to understand capitalism and advocate for it globally—and to shun countries like China that continue to violate individual rights.
To understand how Seegene accomplished the fast development and production of the testing kits, we must grasp the four crucial values at play—values that we cannot afford to lose, even during a pandemic: reason, independent thinking, production, and freedom.
The government should have no business in controlling drug prices or regulating drug development.
Freeman depicts capitalism as a system where businesses focus on maximizing short-term stock price.
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