Business schools now often tell students that shareholders are socially irresponsible by seeking only profit and ignoring the “stakeholders in the community.” But in practice, owners must be respectful of many outside groups (such as employees and vendors), to be profitable.
FedEx and UPS recently announced they will not deliver some goods that can be used to make guns. These companies should be free to do this, just as all owners should be free to decide with whom they will do business.
The pro-tax crowd continues to tell us that the rich aren't paying their "fair share" and that the system taxes the poor more than the rich. The opposite is true, although this doesn’t justify more taxes for either the rich or the poor.
When it comes to romantic relationships, people ruthlessly discriminate and make an endless number of subjective judgments.
If the Venezuelan example of socialism’s ultimate consequences baffles anybody, it is because of how little (economic) history people remember, and how quickly its lessons are forgotten.
Largely forgotten in the English-speaking world today, French laissez-faire economist Michel Chevalier was an early opponent of patents, which he dismissed as a type of monopoly and an obstacle to technological and intellectual progress.
When it comes to romantic relationships, people ruthlessly discriminate and make an endless number of subjective judgments. Most agree that it is absurd to regulate these relationships while not realizing that the same is true of all business relationships as well.
The US, Russia, Canada, Denmark, and other states are racing to take control of the Arctic Ocean. Outside of a few tiny outposts, however, these states have never "homesteaded" the region, so their claims of true ownership are fanciful at best.
The neo-mercantilist Export-Import Bank is being pushed with bipartisan support yet again. We’re being told that the Ex-Im Bank is good for private enterprise. It’s no doubt good for some private companies, but there’s a difference between private enterprise and free enterprise.
