Tags » Individual Rights

Altruism means self-sacrifice, not benevolence

Despite the positive connotations of benevolence and kindness that most people hold for altruism, that is not what this moral code means. The Encyclopedia of Ethics gives this definition (under ‘Theories of the Good’): “altruism is the policy of always denying oneself for the sake of others.” In other words, every time you attempt to achieve a value—food, a job, a promotion, a gold medal, profit, you must give it up for someone else who needs it more than you do. 683 more words

Business Ethics

Does government regulation make us safe?

When government regulates and licenses daycares, restaurants, taxicabs, banks, other businesses, and physicians, we can rest assured that their operations and products are safe and no harm will come to us. 708 more words

Individual Rights

Morality of capitalism

I have written about the aversion to capitalism (including among business students) before. Given all the evidence about the benefits of free markets—such as the rapid economic growth in many Asian countries in the last 30 years due to increased economic freedom (see the new World Trade Organization report… 725 more words

Capitalism

The deep-seated suspicion of self-interest

All living beings pursue their self-interest: their survival. Evolution has programmed most species to do that automatically, within the context of their knowledge. A grizzly bear spots a nesting hole of a ground squirrel, digs out the squirrel, and eats it. 637 more words

Individual Rights

“Social license to operate” vs. right to liberty and property

The concept “social license to operate” has started to gain traction in the media recently. The term has been attributed to Canadian mining executive Jim Cooney, who apparently coined it in the late 1990s. 737 more words

Freedom