Self-Interest Helps Everyone
Politicians bash businesses.
“Stop the greed!” shouts Sen. Bernie Sanders (I–Vt.).
Many Republicans are equally ignorant.
When some Florida businesses raised prices in response to sudden demand during a crisis (a useful signaling device in a free market), Attorney General Pam Bondi called that “sickening…disgusting…unacceptable!” Now she’s U.S. attorney general.
Sen. Josh Hawley (R–Mo.) attacks airline CEOs for charging different people different prices. “You make it clear,” he sneered. “Money is your bottom line.”
Well, yes, Senator. That’s the CEO’s job.
Sadly, big shots trained as lawyers rarely understand the principles that make capitalism work so well.
“The only way you can make money in business is by providing customers with value!” Yaron Brook, head of the Ayn Rand Institute, says in my new video.
“The biggest problem we have in our culture is this perception that when you pursue your own self-interest, you are somehow a villain….It’s why socialism is still viewed as morally noble, capitalism as evil and bad.”
Ayn Rand was a philosopher who understood that others get richer because entrepreneurs pursue profit. Intell
Article from Reason.com
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