Principles in Practice: The Blog of the Objective Standard

Friday, July 28, 2006

Oil Companies Should Not Apologize for Their Record Profits

Posted by ARI Media at 8:56 AM

Dear Editor:

American oil companies should be proud of the record profits they earn through honest and productive work.

Oil companies are in business to make as big a profit as they are able to—and they have an obligation to their shareholders to do exactly that. A company's right to the pursuit of profit—like an individual's right to the pursuit of happiness—is essential to America's freedom, greatness and prosperity.

Just as there can never be an "excessive" or "obscene" amount of personal happiness, there can never be an "excessive" or "obscene"amount of profits.

David Holcberg

Labels: Business and Economics, Individual Rights and Law