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- Capitalism, Rand argues, is not today’s system, with its mixture of freedom and government controls, but a social system in which the government is exclusively devoted to the protection of individual rights, including property rights — one in which there exists absolutely no government intervention in the economy.
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Who wrote capitalism the Unknown Ideal?
Is capitalism a moral ideal?
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What is capitalism based on?
In Capitalism: The Unknown Ideal, Rand and her colleagues define a new view of capitalism’s meaning, history, and philosophic basis and set out to demolish many of the myths surrounding capitalism. Does capitalism lead to depressions, monopolies, child labor or war? Why is big business so hated?
Capitalism: The Unknown Ideal is a collection of essays, mostly by the philosopher Ayn Rand, with additional essays by her associates Nathaniel Branden, Alan Greenspan, and Robert Hessen. The authors focus on the moral nature of laissez-faire capitalism and private property.
Why does it remain (in Rand’s memorable phrase) an “unknown ideal”? In her seminal essay “What Is Capitalism?” Rand defines capitalism, explains its demise as a consequence of widespread but false philosophical ideas, and argues that its rebirth requires a new philosophical-moral approach of objectivity and rational self-interest.
Capitalism: The Unknown Ideal, 17. ¶. It is the basic, metaphysical fact of man’s nature—the connection between his survival and his use of reason—that capitalism recognizes and protects. In a capitalist society, all human relationships are voluntary.
Capitalism: The Unknown Ideal. Readers of Atlas Shrugged are struck by the moral fire of Ayn Rand’s defense of business and capitalism. She does not regard capitalism as an amoral or immoral means to some “ common good “—as do most of its defenders—but as a profoundly moral social system.
In this series of essays, Ayn Rand presents her stand on the persecution of big business, the causes of war, the default of conservatism, and the evils of altruism. The foundations of capitalism...
Rand provides a full application of the objectivist philosophy on the subject of capitalism, the one and only moral system of living in society without harming anyone's individual rights to life, liberty and pursuit of happiness.
- Ayn Rand
