Capitalism: The Unknown Ideal

Capitalism: The Unknown Ideal

Ayn Rand, Alan Greenspan

Language: English

Pages: 416

ISBN: 0451147952

Format: PDF / Kindle (mobi) / ePub

The foundations of capitalism are being battered by a flood of altruism, which is the cause of the modern world's collapse. This is the view of Ayn Rand, a view so radically opposed to prevailing attitudes that it constitutes a major philosophic revolution. In this series of essays, she presents her stand on the persecution of big business, the causes of war, the default of conservatism, and the evils of altruism. Here is a challenging new look at modern society by one of the most provocative intellectuals on the American scene.
This edition includes two articles by Ayn Rand that did not appear in the hardcover edition: “The Wreckage of the Consensus,” which presents the Objectivists’ views on Vietnam and the draft; and “Requiem for Man,” an answer to the Papal encyclical Progresso Populorum.

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readily perceivable, the reason does not lie in the brevity of the synopsis. It lies in the unmitigated arbitrariness of Fromm’s manner of presenting his ideas; he writes, not like a scientist, but like an oracle who is not obliged to give reasons or proof. It is true that man differs fundamentally from all other living species, by virtue of possessing a rational, conceptual faculty. It is true that, for man, survival is a problem to be solved—by the exercise of his intelligence. It is true that

economy, and to the “public interest”—as the advocates of the antitrust laws have claimed—then how can that same harmful policy become beneficial in the hands of the government? Since there is no rational answer to this question, I suggest that you question the economic knowledge, the purpose, and the motives of the champions of antitrust. The electrical companies offered no defense to the charge of “conspiracy.” They pleaded “nolo contendere,” which means: “no contest.” They did it, because the

which leads to new price rises, which leads to new wage increases, etc. (Union leaders typically express indignation whenever prices are raised; the only prices they consider it moral to raise are the prices paid for labor, i.e., wages.) Non-unionized workers, and the rest of the population generally, face this same steady rise in their living costs; they are made to subsidize the unjustifiably high wages of union workers—and are the unacknowledged victims of the unions’ “social gains.” And one

alter the fact that he wasn’t. Since the issue is one of commercial rights, the loser in a case of that kind has to accept the fact that in seeking to trade with others he must face the possibility of a competitor winning the race, which is true of all types of competition. Today, patents are the special target of the collectivists’ attacks—directly and indirectly, through such issues as the proposed abolition of trademarks, brand names, etc. While the so-called “conservatives” look at those

antiquated work and payment rules. The press comments on this issue were mixed. But one editorial deserves a moment’s special attention: it is from the Star Herald of Camden, New Jersey, of August 16, 1963, and it was sent to me by a fan. The money-makers, the powerful business leaders of America, have failed to realize that prosperity can be inhuman. They have failed to understand that people take precedence over profits. . . . Ambition and the drive for profit is a good thing. It spurs man

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