Time for corporate Canada to abandon immoral capitalism

We have a major opportunity to reframe the roles and responsibilities of corporate stewardship

Time for corporate Canada to abandon immoral capitalismIn 1970, Novel laureate Milton Friedman proposed that an enterprise’s sole responsibility was to shareholders by maximizing profits: “the social mission of business is making profits, period, with other social goals best left to politics.” Corporate duty to maximize shareholder value, or shareholder primacy, has emerged as the dominant principle for free-market capitalism. This capitalist…

Business in decline? Start calling your customers back

Reaching out to wayward customers will reinvigorate your sales and allow you to do a lot of market research

Business in decline? Start calling your customers backGrant was on the ground yelling as I came around the corner at high speed on my mountain bike at dusk. He had flown off his bike instead of hitting a moose standing on the trail. I skidded to avoid him. I could still see two moose, a cow and her year-old calf, on the…

ConnecTour Chronicles: Cheap rural living brings brewery dream to life

Nokomis Craft Ales is putting Nokomis, Sask. on the map – defying conventional thinking that only the big city yields success

ConnecTour Chronicles: Cheap rural living brings brewery dream to lifeTroy Media publisher Doug Firby and Travel editor Lisa Monforton are part of a group of Canadians who call themselves ConnecTour. Starting in May in British Columbia and ending in October in Newfoundland, they hope to make an 8,000-km bicycle journey across the country, discovering how the COVID-19 pandemic has reshaped our lives and our…

Government spending in New Brunswick is about to hit a wall

A $600 million gap exists between what the province currently spends and what it can afford to spend without increasing its debt load

Government spending in New Brunswick is about to hit a wallBased on the mood in government offices in Fredericton, you would think everything is rolling along smoothly with the top down. Yet, the province’s finances are headed straight for a brick wall. According to the independent Parliamentary Budget Officer’s latest report, there’s a $600 million gap between what New Brunswick currently spends and what it…

To share wealth you first have to create it

MacKenzie Scott's fuzzy criticisms of capitalism

To share wealth you first have to create itBy Bradley Doucet and Miguel Ouellette Montreal Economic Institute Allow us to join in the chorus of praise for the charitable giving of MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, who announced last month that she had given away another $2,739,000,000 to 286 organizations. Private philanthropy is part of what makes the world…

Global tax cartel is a march to higher taxes

... and more corporate welfare

Global tax cartel is a march to higher taxesCanadian politicians like Chrystia Freeland see tax competition as a “race to the bottom.” But for the rest of us, a global tax cartel will mean an inevitable march toward higher tax bills and more pork for companies with access to politicians. Freeland agreed to the American-led proposal for a global minimum business tax of…

Three things every business needs to do to improve sales

Implement a plan, hold your sales team accountable, and keep updating and changing your sales campaigns

Three things every business needs to do to improve salesDebra was flustered. She had taken over a business with the intent of growing it but had come to the realization that increasing sales might be easier said than done. She recognized that because of the added overhead expenses of her operations, sales would have to grow 50 per cent from current revenue to ensure…

Incremental change will help you grow and strengthen your business

The results will lead to an outstanding future for your business

Incremental change will help you grow and strengthen your businessHelp is a word that’s foreign to many entrepreneurs, so when a caller says they need help, I listen intently. I received such a call in November 2019 from an entrepreneur who had bought into a company and realized that the management team was struggling. “Dave, I need an outside perspective on how to move…

Why wealth taxes hamper economies and punish us all

What you tax more of, you get less of

Why wealth taxes hamper economies and punish us allCalls by self-identified progressives and others who purport to champion equity, compelling everyone to pay their fair share, have grown louder and more strident. It seems these social justice warriors have discovered previously unknown inner fiscal conservatism, with their usual zeal for redistribution and punishment for those who they deem have excessive wealth. It’s wealth…
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