Business Ethics

Andy Grove on the entrepreneurial employee

From the preface to Andy Grove‘s (recommended) Only the Paranoid Survive: “The sad news is, nobody owes you a career. Your career is literally your business. You own it as a sole proprietor. You have one employee: yourself. You are in competition with millions of similar businesses: millions of other employees all over the world. […]

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Should we blame FTX’s Sam Bankman-Fried for anything?

Reading up on the crypto-FTX bankruptcy and scandal. Four items of interest: The New York Times after-the-fact: “How Sam Bankman-Fried’s Crypto Empire Collapsed.“ Before the scandal broke: “Stanford Law Profs’ Son Is A ‘Vegan Crypto Billionaire.’“ On of those Stanford law professors, Barbara Fried, wrote “Beyond Blame”, in which she argued that no one is

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Professor Hicks on Making Work Beautiful, Postmodernism, and more [In Case You Missed It]

Join Mark Michael Lewis and philosophy Professor Stephen Hicks in a conversation about an honest approach to knowledge and understanding human thriving. In this episode: Why you should always take arguments at their best [10:15] The reason why many philosophers are ‘left’ [16:00] How Objectivism is an ‘outlier’ philosophy [19:00] 3rd-generation Postmodernism and the Weaponry

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USPS still losing big money—2021 edition

Every other year or so I post that the United States Postal Service government monopoly loses billions while private-sector FedEx and UPS were profitable. It’s a multi-decade trend now. FedEx and UPS versus USPS. * USPS Loses $15.9 Billion – But Bosses Get Hefty Compensation Raises. * FedEx Income Statement. * UPS International Profit Rebounds.

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Drunk college kids, Wall Street, and the Federal Reserve

Imagine a college dormitory, students away from home, and available alcohol. In any student population, some will drink too much. But most will do fine. Now suppose a Dean of Students who installs a bar in the dorm and subsidizes the price of booze, especially for favored students. Not surprisingly, the amount of student drunkenness

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When Adolf joined the Party

Adolf Hitler joined the Nazi party after being inspired by Gottfried Feder’s 1919 speech about the new party’s ideals. An indication of those ideals is in Feder’s 1919 publication, Manifesto for the Abolition of Enslavement to Interest on Money. Here’s an excerpt from (Nazi sympathizer) Hadding Scott’s translation of Feder’s manifesto: “The abolition of enslavement

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