By Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen
This number of 26 essays constitutes a demanding examine smooth society.
the principles of capitalism are being battered via a flood of altruism, that's the reason for the fashionable world's cave in. this is often the view of Ayn Rand, a view so considerably against triumphing attitudes that it constitutes a huge 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 difficult new examine glossy society by way of probably the most provocative intellectuals at the American scene. This version comprises articles by way of Ayn Rand which didn't seem within the hardcover variation: 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 comprises twenty via Ayn Rand in addition to 3 essays by way of Alan Greenspan, by way of Nathaniel Branden, and one through Robert Hessen.
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Extra info for Capitalism: The Unknown Ideal
Psychologically, the main reason was the soul-body dichotomy permeating European culture: material production was regarded as a demeaning task of a lower order, unrelated to the concerns of man’s intellect, a task assigned to slaves or serfs since the beginning of recorded history. The institution of serfdom had lasted, in one form or another, till well into the nineteenth century; it was abolished, politically, only by the advent of capitalism; politically, but not intellectually. The concept of man as a free, independent individual was profoundly alien to the culture of Europe.
The answer lies in philosophy—in philosophical theories on the nature of moral values. There are, in essence, three schools of thought on the nature of the good: the intrinsic, the subjective, and the objective. The intrinsic theory holds that the good is inherent in certain things or actions as such, regardless of their context and consequences, regardless of any benefit or injury they may cause to the actors and subjects involved. It is a theory that divorces the concept of “good” from beneficiaries, and the concept of “value” from valuer and purpose—claiming that the good is good in, by, and of itself.
The purpose of this book is to identify it. The guilt for the present state of the world rests on the shoulders of those who are over forty years old today (with a very few exceptions)—those who, when they spoke, said less than they knew and said it less clearly than the subject demanded. This book is addressed to the young—in years or in spirit—who are not afraid to know and are not ready to give up. What they have to discover, what all the efforts of capitalism’s enemies are frantically aimed at hiding, is the fact that capitalism is not merely the “practical,” but the only moral system in history.