By Thomas Spain During the 1990s there was a legal and philosophical idea, championed by Milton Friedman among others, that a corporation exists to serve the interests of the shareholders, being that they are the rightful owners of the corporation. Progressive thought leaders responded with the countertheory of stakeholder capitalism. Under stakeholder theory the … [Read more...] about Why “Stakeholder Capitalism” Is a Disaster for Entrepreneurs
Capitalism
Ayn Rand Quotes on Capitalism, Government, Philosophy, and More
By Alex Horsman Who is Ayn Rand? Born to a middle-class Russian-Jewish family in 1905, Rand was treated to a front-row seat to the wonders of communism in action. Rand fled with her family to the Crimea following the “liberation” of her father’s pharmacy but ultimately returned to Saint Petersburg where she could attend university when she wasn’t busy starving. Due to her … [Read more...] about Ayn Rand Quotes on Capitalism, Government, Philosophy, and More
Anti-Capitalism: Trendy but Wrong
By Alexander Hammond You can’t escape it; capitalism has a bad rap. Last night, thousands of anti-capitalist protestors took to the streets in capital cities across the world. Wearing V for Vendetta-inspired Guy Fawkes masks (most of which are made in China), these self-styled “anti-establishment” demonstrators, who took part in annual Million Mask March, sought to … [Read more...] about Anti-Capitalism: Trendy but Wrong
5 Ways to Address Millennial Pessimism about Capitalism
By Doug McCullough and Brooke Medina Polls suggesting that millennials have a favorable view of socialism are well publicized. Less known are polls showing that 90 percent of millennials have a positive view of entrepreneurship, and 58 percent of millennial respondents believe they are more entrepreneurial than previous generations. So far, though, millennials have not been … [Read more...] about 5 Ways to Address Millennial Pessimism about Capitalism
Yes, The System is “Rigged”—The Question Is How
By Bruce Yandle Once again, some leading capitalists are worried about capitalism’s future, as indeed they should be. Their voices join those of critics from the left who think America’s version of capitalism is rigged. And rigged it is. Recently, JPMorgan Chase CEO James Dimon and large hedge-fund manager Ray Dalio expressed concern about the health of American … [Read more...] about Yes, The System is “Rigged”—The Question Is How