{"id":598755,"date":"2019-06-03T04:00:10","date_gmt":"2019-06-03T04:00:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/big-business-is-not-the-big-bad-wolf\/"},"modified":"2019-06-03T04:00:10","modified_gmt":"2019-06-03T04:00:10","slug":"big-business-is-not-the-big-bad-wolf","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/big-business-is-not-the-big-bad-wolf\/","title":{"rendered":"Big business is not the big bad wolf"},"content":{"rendered":"

<\/a> Big business is not the big bad wolf:<\/b> Big business is catching heavy flak as of late over misconceptions it gives rise to morally bankrupt entities that only serve their own interests, economist Tyler Cowen says in his latest book, \u2018Big Business: A Love Letter to an American Anti-Hero<\/a>.\u2019 \u201cFirst, business makes most of the stuff we enjoy and consume. Second, business is what gives most of us jobs. The two words the follow most immediately from the world of business are \u2018prosperity\u2019 and \u2018opportunity,\u201d an excerpt in The Economist reads<\/a>.<\/p>\n

Large corporations are actually often several steps ahead when it comes to advancing inclusivity and progressive mindsets<\/b>, and have enough weight to sway nationwide policies in that direction, Cowen points out. It may not necessarily be that way because corporations are being run by tree-huggers \u2014 the bottom line is that discriminating against any group is certain to alienate customers and eat away at profits \u2014 but the end result here is positive.<\/p>\n

Why, then, is big business villainized?<\/b> \u201cSo many of the problems with business are in fact problems with us, and they reflect the underlying and fairly universal imperfections of human nature. Yet we respond to this truth somewhat irrationally. While we suspect business of wrongdoing, at the same time we expect corporations to give us jobs and take care of us, to give us a network of friends, to solve our social problems, and to give us [no-risk] consumption experiences.\u201d Corporations aren\u2019t all sunshine and rainbows, and some are in fact guilty of corruption, fraud, or any other vices, but the vast majority do more good than bad. And the bad, Cowen says, can be handled with better regulation.<\/p>\n","protected":false},"excerpt":{"rendered":"

Big business is not the big bad wolf: Big business is catching heavy flak as of late over misconceptions it gives rise to morally bankrupt entities that only serve their own interests, economist Tyler Cowen says in his latest book, \u2018Big Business: A Love Letter to an American Anti-Hero.\u2019 \u201cFirst, business makes most of the […]<\/p>\n","protected":false},"author":1,"featured_media":598756,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9003],"tags":[72,2397],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-reading","tag-enterpriseam","tag-worth-reading","wpautop","entry"],"acf":{"mongo_id":"27f85c73-c705-4c03-9bca-f8fa3bc677ff","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/6\/2164.jpg","photo_position":"above","related_issue":[598734],"teaser":"","voice_url":""},"yoast_head":"\nBig business is not the big bad wolf - 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The list, similar to the FT\u2019s, keeps an eye on presidential elections in Iran and\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601109,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/19\/syrian-reconstruction-could-prove-big-business-for-egypt\/","url_meta":{"origin":598755,"position":1},"title":"Syrian reconstruction could prove big business for Egypt","author":"enterpriseam admin","date":"19 February 2019","format":false,"excerpt":"Syrian reconstruction could prove big business for Egypt: With Bashar Al Assad\u2019s allies (Russia and Iran) noncommittal about providing resources to boost the country\u2019s decimated infrastructure and western countries withholding funding and tightening sanctions, Syria\u2019s immediate hopes for reconstruction seem to lie with Arab states, Chloe Cornish writes for the\u2026","rel":"","context":"In "Worth reading"","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/2\/1754.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601612,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/05\/us-regulators-are-considering-cutting-big-tech-down-to-size\/","url_meta":{"origin":598755,"position":2},"title":"US regulators are considering cutting Big Tech down to size","author":"enterpriseam admin","date":"5 March 2019","format":false,"excerpt":"It\u2019s one of the perennial questions of our era: when it comes to companies, how big is too big? In the case of big tech companies, it\u2019s a particularly thorny issue. Although Facebook, Amazon and Google may be \u201cthe big oil or railroad corporations of their day,\u201d in order for\u2026","rel":"","context":"In "Worth watching"","block_context":{"text":"Worth watching","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-watching\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/3\/1099.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621510,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/11\/will-you-earn-more-money-because-of-your-university-degree-perhaps-not-the-economist-suggests\/","url_meta":{"origin":598755,"position":3},"title":"Will you earn more money because of your university degree? 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