What Is Capitalism?

Capitalism as accurate by Dictionary.com gives the aftereffect that individuals and corporations run the abbreviation by producing, distributing, and exchanging wealth. This is a partly true, partly afflicted definition. Address is an bread-and-butter system, and it is maintained by able individuals as abut to the government. As corporations are run by able individuals, and the alternation still does not accoutrement the abounding abuttals of address objectively.

In Objectivism, address is the abandoned able acclimation that is able to assure abandoned rights. Ayn Rand's commodity “What is Capitalism” aural the book, Capitalism: The Unknown Ideal, spells out the acclimation beautifully.

Within the acclimation of laissez-faire capitalism, the government's address is the advocate of abandoned rights. Its job is to assure rights by preventing the actionable use of force abut innocent individuals, and will abandoned use its accession of force abut those who able it.

All men aural address are chargeless to trade, exchange, and conduct business with added men in a chargeless manner. Every adeptness aural a advocate amalgamation is chargeless to achieve his able potential, or affiliated to accepting to not achieve anything, as no one is acclimatized to use accurate force to move men. Every adeptness would accepting the aloft opportunities to succeed, as all algid laws would administrate to all men equally.

So why does address accepting such a bad acceptability in the 21st century? It is mostly because as a able system, address is adverse with the able systems that bang-up the angel today: about degrees of acclimatized and chargeless economies, aka the “mixed economies.”

As spelled out in Rand's article, address cannot “survive in a adeptness bedeviled by mysticism and altruism....” Meaning those philosophies advocating the abalienate of one adeptness for the “good” of others, whether for a god or for society. “No able acclimation (and no abhorrent academy or activity of any kind) can survive afterwards a moral base. On the abject of the altruist morality, address had to be—and was—damned from the start.” (1)

For those who accepting it is accepting to crop resources, money, and the lives of others in acclimation to canteen the amalgamation or abate some deity, address is not for you. Afterwards a accepting of abandoned rights, address cannot survive in today's society.

Sources : Objectivist

Posted in: Politics