Government And Business

Just What Is a “Moral Case” for Capitalism, Anyway?

When Yaron Brook and I started working on our book Free Market Revolution, which offers Ayn Rand’s moral defense of capitalism, the idea that capitalism needed a moral defense was virtually unheard of. Today, it’s so common that I was able to participate in a contest for who could make the best moral case for free markets. (I suspect that most of the credit for popularizing this idea goes, not to us, but to AEI’s Arthur Brooks.)
Government And Business

Is Ayn Rand Confused About Altruism?

In the PJTV video I talked about yesterday, Bill Whittle and Andrew Klavan also criticize Rand for confusing selflessness and altruism. Selflessness doesn’t exist, Klavan says, because "everyone is acting for personal gain, even if that personal gain is joy" from helping others. Altruism then is simply doing good for others in order to gain joy, which Klavan stresses is a good thing.
Foreign Policy

Policy Digest: Foreign Policy Edition

By one reckoning, the cease-fire deal between Hamas and Israel might seem like an even stalemate. But in fact it’s lopsided in Hamas’s favor. Leaving aside the Israeli concession of easing the import of aid and materials for reconstruction, the fact that Hamas continues to exist as an organization ruling Gaza is an undeserved win.
Government And Business

Ayn Rand For Social Justice?

In Free Market Fairness, Brown University political science professor John Tomasi seeks to defend free markets on a Rawlsian “social justice” foundation. In laying the groundwork for his argument, Tomasi thinks it is notable that even most free-market thinkers appeal to “social justice” concerns, i.e., that they almost all — from Adam Smith to Herbert Spencer to Milton Friedman — stress that free markets are good for “the poor.”
Foreign Policy

Policy Digest: Foreign Policy Edition

What kind of foreign policy should Republican presidential hopefuls advocate? Angelo Codevilla’s shrewd answer: something other than the prevailing establishment view, practiced during the 20th century. While I differ from some points in his analysis, the thrust of his article illustrates some important weaknesses of Republican administrations.

Further Reading

Ayn Rand | 1957
For the New Intellectual

The Moral Meaning of Capitalism

An industrialist who works for nothing but his own profit guiltlessly proclaims his refusal to be sacrificed for the “public good.”
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Ayn Rand | 1961
The Virtue of Selfishness

The Objectivist Ethics

What is morality? Why does man need it? — and how the answers to these questions give rise to an ethics of rational self-interest.
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