Magazine October 5, 2020, Issue

Letters

Milton Friedman (Wikimedia Commons)

Profitability Preferred

Friedman was right. Ponnuru is wrong (“Not (Necessarily) for Profit Alone,” September 7).

As a manufacturing executive for the past 30 years, I learned the necessity of staying focused on profitability and positive cash flows in order to keep U.S. factories open and operating. When I talk to employees at every level of the company, I remind them that we all want job security, and job security comes from making money.

Mr. Ponnuru’s article is written from a well-intentioned but poorly conceived perspective.

First, at no point does he address the realities of capital creation. Profits create returns to investors. Higher returns

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In This Issue

Articles

Features

Education Section

Books, Arts & Manners

Sections

The Week

The Week

When Speaker Nancy Pelosi was photographed in a San Francisco hair salon, in violation of local lockdown rules, her defense was . . . interesting.

Most Popular

The Rural Way

Almost every national Election Night reveals the same old red/blue map. The country geographically is a sea of red. The coasts and small areas along the southern border and around the Great Lakes remain blue atolls. Yet when the maps are recalibrated for population rather than area, the blue areas blow up, ... Read More

The Rural Way

Almost every national Election Night reveals the same old red/blue map. The country geographically is a sea of red. The coasts and small areas along the southern border and around the Great Lakes remain blue atolls. Yet when the maps are recalibrated for population rather than area, the blue areas blow up, ... Read More
Elections

A Hard Look at Those Post-Election Legal Efforts

On the menu today: Michigan certifies its vote totals; the General Services Administration starts the transition; and it’s time for a hard, unflinching look at the president’s post-election legal efforts. What Did the President Get from His Legal Team? Michigan and Georgia have certified their election ... Read More
Elections

A Hard Look at Those Post-Election Legal Efforts

On the menu today: Michigan certifies its vote totals; the General Services Administration starts the transition; and it’s time for a hard, unflinching look at the president’s post-election legal efforts. What Did the President Get from His Legal Team? Michigan and Georgia have certified their election ... Read More
History

From Hate to Heroism

Welcome to “The Tuesday,” a weekly newsletter about language, culture, politics, and, lately, relentless book-hawking. To subscribe to “The Tuesday” and receive it in your inbox, please follow this link. From Hatred to Heroism Daniel Cordier, when he was young and getting started in life, did not seem ... Read More
History

From Hate to Heroism

Welcome to “The Tuesday,” a weekly newsletter about language, culture, politics, and, lately, relentless book-hawking. To subscribe to “The Tuesday” and receive it in your inbox, please follow this link. From Hatred to Heroism Daniel Cordier, when he was young and getting started in life, did not seem ... Read More
The Economy

Here Comes the Biden Blame Game

During the eight years that President Obama and his team managed the economy, Americans were regularly assured that the president’s Keynesian policies would deliver striking growth in the years ahead. The growth repeatedly failed to materialize, and what followed was a master class in blamesmanship. No matter ... Read More
The Economy

Here Comes the Biden Blame Game

During the eight years that President Obama and his team managed the economy, Americans were regularly assured that the president’s Keynesian policies would deliver striking growth in the years ahead. The growth repeatedly failed to materialize, and what followed was a master class in blamesmanship. No matter ... Read More