Why social engineering and business shouldn’t mix

Firms can hardly thrive without compensating employees well, maintaining good relations with suppliers and being environmentally friendly

Why social engineering and business shouldn’t mixBy Paz Gomez Research Associate Frontier Centre for Public Policy The Trojan horse of social engineers has crossed the gates. At the latest World Economic Forum in Switzerland, the Davos Manifesto 2020 replaced the original from 1973. The new one lays down a company’s duties towards “stakeholders” rather than shareholders. This virtue signalling, which gives…

Where does the economy go after COVID-19?

We need to fundamentally change how capitalism works, in part by recognizing intangible assets like human and natural capital

Where does the economy go after COVID-19?The COVID-19 crisis is less than a month old and as necessary steps are taken to mitigate the pandemic, another larger and much more dangerous crisis is looming. Should the medical shutdown extend into the early summer, what might the economic consequences be? The answer is a lot of short-term pain with a distant possibility…

Is capitalism a cure for the climate crisis?

Life in an air-conditioned bunker, drinking vodka sodas and binge-watching Netflix may not be enough to stimulate the privileged climate-change survivors

Is capitalism a cure for the climate crisis?The actions of the Donald Trump presidency and the many global populist governments that follow suit (Brazil, the Philippines, and arguably Saudi Arabia and even Australia) reveal a line of thought about the climate crisis: it doesn’t really exist. Climate change is basically viewed as an externality determined by God, nature or whimsy. When it’s…

Combining bad Marxist theory and millennial laziness

Total automation, capitalist or communist, removes the very purpose of human existence

Combining bad Marxist theory and millennial lazinessSince the publication of Fully Automated Luxury Communism in 2018, a manifesto by Aaron Bastani, millennials across Canada and the United States have embraced a new Marxism for the 21st century. This new socialism is based on the concept of a post-scarcity economy that embraces automation, the reduction of working hours and a universal income.…

How to fix toxic shareholder capitalism

Too many valuable assets never get identified, measured or capitalized on a company’s financial statement. Those include workforce and corporate reputation

How to fix toxic shareholder capitalismI remember it well: the CEO of the company stood before the cheery assembly of wide-eyed employees brandishing a newly-released report and declaring, “This is the start of our next great journey together, building a more sustainable company and a better, more sustainable, future.” I then followed the CEO and his team to their top…

Can ethics save capitalism?

The rise of angry populism has illustrated one critical truth – CEOs and other business leaders need to align their actions with the greater good

Can ethics save capitalism?The most common criticism of capitalism is that it has no history of working for the benefit of society as a whole. You may be surprised to learn that major schools of thought believe this is a virtue, not a fault of capitalism. If you had asked the late Prof. Milton Friedman, former head of…

What exactly do U.S. socialism enthusiasts have in mind?

The Nordic countries, particularly Sweden, are often trotted out as great examples of superior social systems. But a closer look at the details raises concerns

What exactly do U.S. socialism enthusiasts have in mind?Referring to American millennials’ purported fascination with socialism, someone recently cracked that perhaps they’re confusing the term with social media. But wickedly irreverent though that crack might be, it fails to do justice to millennials and their aspirations. However, the question remains: What exactly do these socialism enthusiasts have in mind? Unlike left-wingers in the…

Why Trump will win in 2020

Blame free-market globalization, and the accompanying wage stagnation and declines in middle-class living standards

Why Trump will win in 2020Even Donald Trump’s most ardent supporters admit that he's impulsive and about as presidential as a bull in a China shop. In normal times, Trump would never have been nominated by the Republican Party and would certainly not have been elected president of the United States. But these aren't normal times. Far from it. After…

Financial illiteracy on the campaign trail won’t serve Sanders

The U.S. senator is using baseball to decry the inequalities that crop up in capitalism. That’s just nonsense

Financial illiteracy on the campaign trail won’t serve SandersSomewhere in heaven, baseball pioneer Curt Flood is smacking his forehead with his palm. The reason for Flood’s exasperation? Comments from avowed socialist and Democratic Party presidential candidate Bernie Sanders. On the stump, the Vermont senator is using baseball to decry the inequalities that crop up in capitalism. “If we are a nation that can…

Disruptive platforms create fair market conditions

Peer-to-peer platforms such as Airbnb bring more resources to the market, increasing supply and lowering prices

Disruptive platforms create fair market conditionsUber drivers in Buenos Aires ask passengers to ride up front to avoid vigilante attacks, since an Argentine judge has ruled Uber illegal and the country’s banks have cut off Uber’s access. The city’s taxi cartel has shut down roads and brought violence and arson upon Uber drivers and vehicles. Yet Uber’s popularity has exploded…
1 2 3 5