In this 1965 talk delivered at Boston’s Ford Hall Forum, Ayn Rand discusses the “anti-ideology” she calls “government by consensus,” explaining why America, “a country which does abhor fascism is moving by imperceptible degrees — through ignorance, confusion, evasion, moral cowardice and intellectual default — not toward socialism or any mawkish altruistic ideal, but toward a plain, brutal, predatory, power-grubbing, de facto fascism.”

An edited version of this talk is available in Capitalism: The Unknown Ideal, a collection of essays by Rand and others. This lecture is 54 minutes long.