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Government And Business

Walmart’s Workers Don’t Deserve a Share of Walmart’s Profits

POST by Don Watkins | View All Posts   August 21, 2014
From Robert Nozick’s Anarchy, State, and Utopia: Often people who do not wish to bear risks feel entitlement to rewards from those who do win; yet these same people do not feel obligated to help out by sharing the losses of those who bear risks and lose. [p. 257] This made me think of the people who argue that Walmart has an obligation to pay its workers more rather than allow the profits to go to the owners.
Government And Business

Fair Pay Under Capitalism

POST by Don Watkins | View All Posts   March 27, 2013
Washington Post writer Steven Pearlstein recently published a thoughtful piece on the morality of capitalism that has gotten a lot of attention. I have a lot to say about it, and I want to start with one of the more intriguing questions raised by Pearlstein.

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Ayn Rand | 1957
For the New Intellectual

The Moral Meaning of Capitalism

An industrialist who works for nothing but his own profit guiltlessly proclaims his refusal to be sacrificed for the “public good.”
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Ayn Rand | 1961
The Virtue of Selfishness

The Objectivist Ethics

What is morality? Why does man need it? — and how the answers to these questions give rise to an ethics of rational self-interest.
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