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By Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen

This choice of 26 essays constitutes a not easy examine sleek society.

the principles of capitalism are being battered by way of a flood of altruism, that is the reason for the fashionable world's cave in. this is often the view of Ayn Rand, a view so noticeably against winning attitudes that it constitutes a big philosophic revolution. during this sequence of essays, she provides her stand at the persecution of huge company, the explanations of warfare, the default of conservatism, and the evils of altruism. here's a not easy new examine glossy society through some of the most provocative intellectuals at the American scene. This variation contains articles by means of Ayn Rand which failed to seem within the hardcover version: The Wreckage of the Consensus, which offers the Objectivists perspectives on Vietnam and the draft; and Requiem for Man, a solution to the Papal encyclical Progresso Populorum. This selection of 26 essays contains twenty via Ayn Rand in addition to 3 essays through Alan Greenspan, via Nathaniel Branden, and one through Robert Hessen.

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Additional resources for Capitalism: The Unknown Ideal

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In mankind’s history, capitalism is the only system that answers: Yes. Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned. The recognition of individual rights entails the banishment of physical force from human relationships: basically, rights can be violated only by means of force. In a capitalist society, no man or group may initiate the use of physical force against others. 4 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.

A free market is a continuous process that cannot be held still, an upward process that demands the best (the most rational) of every man and rewards him accordingly. While the majority have barely assimilated the value of the automobile, the creative minority introduces the airplane. The majority learn by demonstration, the minority are free to demonstrate. The “philosophically objective” value of a new product serves as the teacher for those who are willing to exercise their rational faculty, each to the extent of his ability.

The intrinsic theory and the subjectivist theory (or a mixture of both) are the necessary base of every dictatorship, tyranny, or variant of the absolute state. Whether they are held consciously or subconsciously—in the explicit form of a philosopher’s treatise or in the implicit chaos of its echoes in an average man’s feelings—these theories make it possible for a man to believe that the good is independent of man’s mind and can be achieved by physical force. If a man believes that the good is intrinsic in certain actions, he will not hesitate to force others to perform them.

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