Posted on 08/12/2025 5:48:38 PM PDT by E. Pluribus Unum
As a business professor, I strive to teach sound principles and practices, focusing on the benefits of productivity and value creation. I want my students pursuing business careers to be proud of their chosen profession. While business ethics is a topic worthy of classroom coverage and discussion, I do not view my role as one of reforming students’ values or beliefs. They are individuals, each with their own capabilities and aspirations. I teach fundamentals, not fundamentalism.
If a student wants to manage a bar, I don’t scorn them for promoting alcohol consumption. If a student wants to open a tattoo parlor, I don’t consider that work less worthy. If anything, I enjoy a good craft beer, and I have a tattoo myself. If someone’s creation generates value for someone else, then that work should be judged only by those involved in the transaction, so long as there are no adverse spillover effects.
Medical tattooing, for instance, restores confidence to those with unwanted scars. Many breweries support local farms in addition to providing a modern-day watering hole for community gathering. We are beneficiaries of the brewers, the bakers, and the candlestick makers. And these producers serve society best by continuing to do what they do best. The better they are, the greater the benefits and the profits derived from their productivity. And that is a good thing.
The dominant objective for business should be long-run profit maximization, not engagement with issues beyond a firm’s purpose or core competencies. Multinational CEOs as well as small business owners are free to use their personal wealth to support the campaigns they value. But imposing a social orientation on a business as a whole only...
(Excerpt) Read more at fee.org ...
In spite of the many claims to contrary the economy is marginal..The biggest problem now is buying power of the Dollar as it must go up soon and quickly otherwise the whole thing will fall in on its self.
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