Patrick J. McShay, You Might Live In A Police State If…..

Patrick J. McShay “A society that puts equality — in the sense of equality of outcome — ahead of freedom will end up with neither equality nor freedom. The use of force to achieve equality will destroy freedom, and the force, introduced for good purposes, will end up in the hands of people who use it to promote their own interests.” ― Milton Friedman “Our world is not divided by race, color, gender, or religion. Our world is divided into wise people and fools. And fools divide themselves by race, color, gender,…

Joseph Stiglitz, Can We Trust CEOs’ Shock Conversion to Corporate Benevolence?

Joseph Stiglitz An apparent move by big business to maximise stakeholder value sounds too good to be true [Editor’s note: As I observed in “Are Corporations Inherently Immoral?” (9 October 2015), the modes of operation that tend to maximize profits include (a) decreasing the cost of natural resources by, for example, (i) exploiting the environment, (ii) converting public land to private use, and (iii) evading the expenses of pollution cleanup or costs of environmental restoration; (b) decreasing the cost of human labor by, for example, (i) paying minimal wages, (ii)…