Read e-book online Capitalism: The Unknown Ideal PDF

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

This choice of 26 essays constitutes a tough examine sleek society.

the principles of capitalism are being battered through 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 substantially against triumphing attitudes that it constitutes an enormous philosophic revolution. during this sequence of essays, she offers her stand at the persecution of massive company, the explanations of conflict, the default of conservatism, and the evils of altruism. here's a demanding new examine glossy society by way of some of the most provocative intellectuals at the American scene. This version comprises articles through Ayn Rand which didn't seem within the hardcover version: The Wreckage of the Consensus, which provides the Objectivists perspectives on Vietnam and the draft; and Requiem for Man, a solution to the Papal encyclical Progresso Populorum. This choice of 26 essays contains twenty by way of Ayn Rand in addition to 3 essays via Alan Greenspan, by way of Nathaniel Branden, and one via Robert Hessen.

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New York, November 1970 Theory and History 1. WHAT IS CAPITALISM? by Ayn Rand The disintegration of philosophy in the nineteenth century and its collapse in the twentieth have led to a similar, though much slower and less obvious, process in the course of modern science. Today’s frantic development in the field of technology has a quality reminiscent of the days preceding the economic crash of 1929: riding on the momentum of the past, on the unacknowledged remnants of an Aristotelian epistemology, it is a hectic, feverish expansion, heedless of the fact that its theoretical account is long since overdrawn—that in the field of scientific theory, unable to integrate or interpret their own data, scientists are abetting the resurgence of a primitive mysticism.

Force invalidates and paralyzes a man’s judgment, demanding that he act against it, thus rendering him morally impotent. A value which one is forced to accept at the price of surrendering one’s mind, is not a value to anyone; the forcibly mindless can neither judge nor choose nor value. An attempt to achieve the good by force is like an attempt to provide a man with a picture gallery at the price of cutting out his eyes. Values cannot exist (cannot be valued) outside the full context of a man’s life, needs, goals, and knowledge.

Of all the social systems in mankind’s history, capitalism is the only system based on an objective theory of values. 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.

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Capitalism: The Unknown Ideal by Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen


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