I Love Free Markets! As we all should!

True Liberalism is of the right and not the left end of the political spectrum.

Craig Biddle of The awesome Objective Standard wrote an amazing article pointing out why the left is not liberal in anyway shape or form. That "the left" is an anti-liberal and anti-freedom political point of view and always has been. That "the left" is an immoral and anti-reason mindset that has always been anti-freedom. Which is simply a fact.

The Eugenics movement which took numerous lives and involuntarily sterilized whole demographics of people was "of the left." Hitler and Nazis are "the left." Mussolini and his fascist views were a variant of socialism and thus "of the left." It was the "left Democrats" in the early American Independence that supported slavery and fought against the "anti-Slavery Republicans" on "the right."

It was the "the right-wing" H.L Menken whom also called himself a "liberal," and a "libertarian" whom pushed to end the prohibition of alcohol. It was the "leftist," including the first feminists whom were pro-prohibition of alcohol. Women's groups went around with slogans like "lips that taste liquor will never taste ours." It was the right-libertarian and "liberal-right" heritage where you will find all of the pushes for extended liberty to all. It is the "left wing" at it's most radical and thus it's root that you find every extension of state overreach and power.

The term right should not be shed, but, instead shown proudly by rightists. The right is the true liberal and the true liberal's home is on the right. He or she is a person on the right end of the spectrum and not the left. A consistent liberal is a capitalist and a consistent capitalist is a right-liberal. Really, all labels such as right-wing libertarian, Constitutional Republican, Objectivist, Laissez-Faire Capitalist are really just other labels for classical liberal. Or a consistent liberal or a member of the broader right.

Rightism is the views of the right and the views supporting of protection of individual rights. Of views like those mentioned above and it does not include those whom would use states to push their values on others with force. Rightism supports protection of freedom, liberty and individual rights for all. It is views that support the notion of the Non-Initiation of Coercion on ones neighbor. That this is an imperative and must be protected. That it is the only moral framework for a society of civilized people and that retaliatory force in self defense is a moral good.

Rightism is also rational and reasonable. The more you tip your toes into irrational politics the more leftist you are becoming. It is truth vs fantasy running the world. Rightism is the moral and practically right approach to economics and politics.

In conclusion we need self-love, compassion and respect that our views are correct. They are in accordance with facts of reality and we can have pride in our intellectual rigor. Do not let the leftist sympathizers get you down. The regressive-left is not liberal and never has been liberal. You and I have been the True Liberals all along and always will be! Let the haters hate just do not initiate coercion on them. Let them stew in their delusional nonsense and reality will let them reap what they have sewn.

Yaron Brook Show: Ray Dalio’s Attack on “Capitalism”

Yaron Lectures: The Morality of Self-Interest

In this lecture, Yaron Brook discusses the issue of self interest and it's opposite premise -- self-sacrifice.  What is good and what is virtuous? Is the subject of virtue, subjugation of the self or survival as a flourishing human being? Delivered at University of Hong Kong on January 27, 2016. Like what you hear? Become a sponsor member, get exclusive content and support the creation of more videos like this at https://www.yaronbrookshow.com/support/, Subscribestar https://www.subscribestar.com/yaronbr... or direct through PayPal: paypal.me/YaronBrookShow. Want more? Tune in to the Yaron Brook Show on YouTube (https://www.youtube.com/ybrook). Continue the discussions anywhere on-line after show time using #YaronBrookShow. Connect with Yaron via Tweet @YaronBrook or follow him on Facebook @ybrook and YouTube (/YaronBrook). Want to learn more about Objectivism? Check out ARI at https://ari.aynrand.org.

Jeff Holiday | Amanda Mary Jewell - The Quack With A Body Count? - Part 2

Part 2 of the saga of Amanda Mary Jewell. This one will make you furious. Part 1: https://www.youtube.com/watch?v=EgVYr... Huge thanks to Smut Clyde, Malarkey and Fiona O'Leary for their work cataloguing a huge chunk of Amanda Mary's activities. Smut Clyde writes at: http://eusa-riddled.blogspot.com Fiona O'Leary: https://fionaolearyblog.wordpress.com https://www.youtube.com/channel/UCMJL... Special thanks to Lola and Yami for helping dig with me. Dominica article 1 (Steve Kellog cheerleading in comments) http://dominicanewsonline.com/news/ho... Dominica article 2 http://dominicanewsonline.com/news/ho... Her letter to Trading Services https://mothernatureandyou.org/2015/0... Inject 4 year old with GcMAF (I was wrong, it was a dad) http://archive.is/TZ1pZ AMNESIA! http://archive.is/TZ1pZ 10 year prison sentence?!?! http://archive.is/phbww Tries to buy Bamboo Resort http://archive.is/i09UT Belize forum posts (Amanda Mary and minions in comments) http://www.belizeforum.com/belize/ubb... Amanda Mary blames Aliki's death on sweets, hooks up with widow https://www.mirror.co.uk/news/uk-news... Sarah Day's Story https://inews.co.uk/inews-lifestyle/p... Anne GoFundMe made by Amanda Mary https://web.archive.org/web/201502020... Some details on her crowdfunding grifts http://eusa-riddled.blogspot.com/2016... Details on experimentation https://fionaolearyblog.wordpress.com... All music save for the ending theme by TeknoAxe https://www.youtube.com/user/teknoaxe...

Yaron Lecture | The Moral Case for Capitalism at Sam M. Walton College of Business

In this lecture, Yaron Brook speaks to students at the Sam M. Walton College of Business at the University of Arkansas on the morality of capitalism. Recorded on January 17, 2017 in Fayetteville, AR. Like what you hear? Become a sponsor member, get exclusive content and support the creation of more videos like this at https://www.yaronbrookshow.com/support/, Subscribestar https://www.subscribestar.com/yaronbr... or direct through PayPal: paypal.me/YaronBrookShow. Want more? Tune in to the Yaron Brook Show on YouTube (https://www.youtube.com/ybrook). Continue the discussions anywhere on-line after show time using #YaronBrookShow. Connect with Yaron via Tweet @YaronBrook or follow him on Facebook @ybrook and YouTube (/YaronBrook). Want to learn more about Objectivism? Check out ARI at https://ari.aynrand.org.

The Individual is the most important minority.

Yaron Brook Lectures: Capitalism without Guilt at Steamboat Institute Freedom Conference

This presentation by Yaron Brook was delivered at the 10th Annual Steamboat Institute Freedom Conference on August 10, 2018 at the Steamboat Grand in Steamboat Springs, Colorado. For more information on the Steamboat Institute, see https://www.steamboatinstitute.org.

Like what you hear? Become a Patreon member, get exclusive content and support the creation of more videos like this! https://www.patreon.com/YaronBrookShow or support the show direct through PayPal: paypal.me/YaronBrookShow.

Want more? Tune in to the Yaron Brook Show on YouTube (https://www.youtube.com/user/ybrook). Continue the discussions anywhere on-line after show time using #YaronBrookShow. Connect with Yaron via Tweet @YaronBrook or follow him on Facebook @ybrook and YouTube (/YaronBrook).

Want to learn more about Objectivism? Check out ARI at https://ari.aynrand.org.

Yaron's History Lesson - The Corporation, Part 1 of 3 (Audio Only)

The public corporation is under attack in America today. The regulatory burden is ever increasing: boards and CEOs are constantly harassed over wide-ranging issues from CEO pay to options "backdating," and the media continues to portray corporate America as a cesspool of corruption. The expenses and risks of being a public corporation are now so great that an unprecedented number of companies are choosing to "go private."

In this course, Dr. Brook discusses the history and economics behind the rise of the modern corporation, explaining how this form of business organization made possible new heights of wealth creation. He explains why the corporation, despite its productive virtues, has been attacked as illegitimate and immoral since its inception. Finally, he discusses the popular paradigm of "corporate social responsibility" and contrasts it with the proper corporate goal of shareholder wealth maximization.

This course was recorded at the 2007 Objectivist Summer Conference in Telluride, CO.

Like what you hear? Become a Patreon member, get exclusive content and support the creation of more videos like this! https://www.patreon.com/YaronBrookShow or support the show direct through PayPal: paypal.me/YaronBrookShow.

Want more? Tune in to the Yaron Brook Show on YouTube (https://www.youtube.com/user/ybrook). Continue the discussions anywhere on-line after show time using #YaronBrookShow. Connect with Yaron via Tweet @YaronBrook or follow him on Facebook @ybrook and YouTube (/YaronBrook).

Want to learn more about Objectivism? Check out ARI at https://ari.aynrand.org.

The Rubin Report | Grounding Morality in Facts

This is the fifth episode in a series looking at Objectivism's approach to Happiness. Philosophers Gregory Salmieri and Harry Binswanger join Dave Rubin to discuss Objectivism's view on the relationship between facts and values, why Ayn Rand's ideas generate the strong reactions they do, and Harry's experience knowing Ayn Rand personally. Watch more of this series here: https://www.youtube.com/playlist?list... To receive notifications as each new episode is released, subscribe to the ARI channel: https://www.youtube.com/subscription_... ****** Dave Rubin Host of The Rubin report Dave on Twitter: http://twitter.com/RubinReport Harry Binswanger Author, How We Know For more from Harry: https://www.youtube.com/playlist?list... Gregory Salmieri Editor, A Companion to Ayn Rand For more from Greg: https://www.youtube.com/playlist?list... ****** Like ARI on Facebook: https://www.facebook.com/AynRandInsti... Follow ARI on Twitter: https://twitter.com/AynRandInst Explore ARI: http://www.aynrand.org ****** The Ayn Rand Institute is funded through subscription and one-time donations: http://aynrand.org/donate

Ayn Rand | Conservatism VS Objectivism Radio interview

In this 1964 radio interview, Ayn Rand summarizes Objectivism’s central tenets and then explains why she is not a conservative but rather a “radical for capitalism.” Rand addresses a variety of related topics including conservatives’ views of the welfare state, voting advice for young Objectivists, the status of Libertarians, and advice for young Objectivists about working with conservative political groups. SUBSCRIBE TO NEW IDEAL, ARI'S ONLINE PUBLICATION https://aynrand.us12.list-manage.com/... SUBSCRIBE TO ARI’S YOUTUBE CHANNEL https://www.youtube.com/subscription_... ABOUT THE AYN RAND INSTITUTE ARI offers educational experiences, based on Ayn Rand's books and ideas, to a variety of audiences, including students, educators, policymakers and lifelong learners. ARI also engages in research and advocacy efforts, applying Rand's ideas to current issues and seeking to promote her philosophical principles of reason, rational self-interest and laissez-faire capitalism. We invite you to explore how Ayn Rand viewed the world — and to consider the distinctive insights offered by ARI's experts today. SUPPORT ARI WITH A DONATION https://ari.aynrand.org/donate/credit... EXPLORE ARI http://www.AynRand.org FOLLOW ARI ON TWITTER https://twitter.com/AynRandInst LIKE ARI ON FACEBOOK https://www.facebook.com/AynRandInsti... EXPLORE ARI CAMPUS https://campus.aynrand.org/ INFORMATION ABOUT OBJECTIVIST SUMMER CONFERENCES http://objectivistconferences.com/ LEARN ABOUT AYN RAND STUDENT CONFERENCES http://aynrandcon.org/

The Rubin Report: Objectivism on Happiness

****** Dave Rubin Host of The Rubin report Dave on Twitter: http://twitter.com/RubinReport Yaron Brook Chairman, Ayn Rand Institute For more from Yaron: https://www.youtube.com/playlist?list... Onkar Ghate Senior Fellow, Ayn Rand Institute For more from Onkar: https://www.youtube.com/playlist?list... ****** Like ARI on Facebook: https://www.facebook.com/AynRandInsti... Follow ARI on Twitter: https://twitter.com/AynRandInst Explore ARI: http://www.aynrand.org ****** The Ayn Rand Institute is funded through subscription and one-time donations: http://aynrand.org/donate

Yaron Brook | The Morality of Capitalism, a Private Lecture for Radley Students

In this talk, Yaron Brook delves into the morality of finance, free markets, savings, insurance and using debt to fund consumption. Through this talk, Brook will explore the pursuit of capitalist motives and why it is indeed moral to be Capitalist. Hosted by Radley in Oxfordshire, UK on February 14, 2019. For more about Radley, see https://www.radley.org.uk. Radley is a full boarding school for boys aged 13-18 and set in a beautiful 800-acre estate, just three miles from Oxford. We offer an environment for boys to grow in self-confidence, thrive academically, and make the most of an enormous range of opportunities. Like what you hear? Become a Patreon member, get exclusive content and support the creation of more videos like this! https://www.patreon.com/YaronBrookShow or support the show direct through PayPal: paypal.me/YaronBrookShow. Want more? Tune in to the Yaron Brook Show on YouTube (https://www.youtube.com/user/ybrook). Continue the discussions anywhere on-line after show time using #YaronBrookShow. Connect with Yaron via Tweet @YaronBrook or follow him on Facebook @ybrook and YouTube (/YaronBrook). Want to learn more about Objectivism? Check out ARI at https://ari.aynrand.org.

Freedom & Flourishing as Matters of Science with Craig Biddle

Visualize a world where people are fully free to pursue their life-serving values and to trade with one another by mutual consent to mutual benefit. Imagine that most people in this world see such self-interested actions as morally good. Envision yourself, your friends, and your family consequently flourishing by orders of magnitude greater than you do today. Is such a world possible? It is. And it belongs to those who are willing to fight for it. In this talk, Craig Biddle argues that in order to move ourselves and the culture toward this ideal, we must take a scientific approach. We must understand and embrace the fact that the principles of freedom and flourishing, like those of physics and engineering, are matters of observation and logic. And we must learn to communicate these truths to others with the same clarity we would expect from a competent engineer explaining how a lever works or why a building stands.

Trump is not a Rightist and he is no Republican either

Before I go ahead with writing this article I need to provide definitions on what I mean by rightist and what I mean by Republican. By a Republican I mean someone whom is in favor of a government limited to the functions vital of a functioning free society. Specifically, limited to the use of defensive force against those whom are harming others and their property. With all of the proper limits, checks, balances and separations of powers. By rightist I mean in favor of the elimination of the initiation of a breaking of consent among society. To me to be "right" is the equivalent of being an Auberon Herbert "voluntaryist" or in the modern day equivalent to be for Capitalism.

Whom is on the right? Auberon Herbert based "volunatryists," Constitutional Republicanism, Classical Liberalism, Capitalism, better and consistent Right-Libertarians (fiscally responsible/socially tolerant types VS actual libertarianism philosophy or movement which is an ammoral and immoral mess). It also includes anyone that would consider themselves a radical for capitalism.

I find the best way to illustrate what I mean by The Right is the below chart/spectrum which shows what I consider leftist vs rightist and why you might actually be on the right on some issues in my definition.

  

In my view pro-same sex marriage legalization is on the right as it is for granting choice to consenting adults to own and use their bodies as they see fit. It is removing force from peaceful peoples lives. However, at the same time so is being pro-choice on abortions as it is about removing force on peoples lives. It is leftist to be pro-government using force in peoples lives. So, anyone that claims to be "right-wing," but, then is for adding more initiation of coercion that person is to the left or even depending on how much force the extreme left on that issue. A lot of you would be on The Right to me in social or personal issues, but, most more to the left on using force in the economy through taxation, regulations and the like. This places you in the degrees of leftism which is considered the moderate middle of modern Liberalism (as opposed to Classical Rightist Liberalism) or modern Conservatism.

I needed to setup the above opposition of views to show why I contend that Trump is not a Rightist and he is not a Republican in any sense of the actual definition. He is anti-Free Trade and pro-Tariffs which means that he is against the Global system of individual rights and thus anti-Capitalist. He has much more in line with classical Fascists and even certain forms of Socialism than he is a Capitalist. He is for initiating coercion into the lives of peaceful "illegal" immigrants whom he does not feel have the individual human rights the government is supposed to defend as their core reason for existing. Individual rights belonging to humans does not stop because they entered your Country through your borders.

In fact, if he was President in 1920's USA Ms. Rand would be rounded up and deported back to her very likely death in ironically of all places Russia. (Ironic, given how much Trump admires the Communist Dictator Putin.) This is because her way of getting here would not be allowed and she would be deemed illegal in his definition these days. What the US needs is a truly Rational and Reality based means of immigration.

I am in favor of Open Immigration for anyone that is not carrying an infectious disease, is an actual criminal (like the actual gangs of sex traffickers and such) and those whom are connected to/receive funds from organizations connected to or are themselves terrorists or terrorist material. This does not mean no screening at all and absolutely no border control. It means that you have one easy to access and easy to get screened for, and easy to cross border for new citizens to come through Openly VS Closed off borders.

In matters of trade I am for full Unilateral Free Trade globally for all. Capitalism is not a local thing, but, a universal and global thing. It is in essence of the system a Globalist or Globalism system of unfettered lassiez-fair trade across borders. Individuals and groups of individuals get to engage in consensual trade between each other for mutual benefit to mutual advantage, in win/win mutual exchanges or you are not in Capitalism. You get to hire workers from anywhere as well and that is part of trade. Free Trade and Open Immigration are corollary to one another. Labor should be open to as much of  Unilateral Unfettered Lassiez-Fair trade as goods or services are.

This ironically is also the position Mike Pence used too have before he became Vice Presidential Candidate and then VP with Trump. He used too be much more Capitalistic in that sense, was for TPP and NAFTA for example. The point is that Trump is not a Capitalist if anything he is a Crony and he is actually well modeled in the villains in Atlas Shrugged. Whom used lobbying and pull, connections between the State and Economy to get their way over consensual trade between individuals. He is not as some have called him an Ayn Rand Hero he is someone Ms. Rand would hate and she would be rolling in her grave.

Finally, I need to erase any sort of conclusions you might be making based on a flawed view of what I mean by Capitalism. I do not mean Corporatism, Lobbyism, Cronyism, et cetera. What I mean by Capitalism is not even just the existence of Capitalists either. Capitalism is a form of social system with a distinct identity and character which separates it from all other ISMS. It is in essence consensualism or Voluntaryism. It is a free society it is a true market free of any sort of coercion backed monopolies or anything of the like.

Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.

The sort of social system I support does not really exist fully anywhere in any Country at this time nor in anytime in history. Capitalism is not a Conservative idea no matter how Conservatives steal and hijack the term for their own intruding into peoples rights for the sake or religion or tradition or family values. Capitalism is not a system of yesterday, but, as Ayn Rand said is the "Unknown Ideal." The ideal setup and system which has not yet been fully put into practice anywhere on this Earth. It is a forward looking system. In fact, it was the system and vision of the world of the Classical Lassiez-Fair Liberals. Of a world united in Individualism, Individual Enlightenment thinking and Individual Rights. This is what I mean by Capitalism; this is what I mean by The Right and those whom are of The Right and what a True Constitutional Republican would be defending too.

 In a capitalist society, all human relationships are voluntary. Men are free to cooperate or not, to deal with one another or not, as their own individual judgments, convictions, and interests dictate. They can deal with one another only in terms of and by means of reason, i.e., by means of discussion, persuasion, and contractual agreement, by voluntary choice to mutual benefit. The right to agree with others is not a problem in any society; it is the right to disagree that is crucial. It is the institution of private property that protects and implements the right to disagree—and thus keeps the road open to man’s most valuable attribute (valuable personally, socially, and objectively): the creative mind.

This is what it means to be fully of The Right it means to be for this view of the world. Trump has a malevolent sense of life he sees not opportunity not for win/win solutions, but, only the win/lose. There is no understanding of the need for greater philosophy either. He is a dead end road of pure pragmatism and populism with no sense of underlying principles or code of virtues to guide what he wants in life. He is an amoral at best and grossly immoral at worst human being. He is the kind of savage one dare not meet in a black alley on their own without a weapon to defend you. For he has no underlying code other than to trample others. This is not the code of a proper business man it is the code of the Highway robber, the code of the irrational whim worshiping mystic and a horrific second handed mentality.

Trump is as far from reality, reason, morality and rights as a President could get and he admires dictators of all stripes; look at his gushing over North Korea and Putin previously. This is not a good day for the American Dream and I fear where this is leading the West. USA please wake up you voted in a Wolf in Sheep clothing better snap out of it well you can. Before your Country is changed so fundamentally the World does not recognize Lady Liberty because she is dead in the name of Making America Great Again (for the Cronies.)

Celebrating Ayn Rand's 114th Birthday @ The Ayn Rand Institute

Yaron Brook | Ayn Rand's Philosophy on Helping the Poor, Capitalism, and Human Nature

Another amazing defense of the proper left and right

I recommended anyone that is considering dropping the left-right spectrum and the defense of rightist as individual rights read Craig Biddle's recent essay in The Objective Standard. They are committing numerous fallacies by making it seem that saying rightist is freedom and individualism is incorrect or to be shunned. As Craig Biddle correctly points out it is the very nature of any political spectrum to have a rights side and an authoritarian side. We need to explain and provide proper definitions for the right Vs the left hand pole not pretend there is no left and right poles to a political spectrum.


As Craig Biddle points out so eloquently in his article;

One way in which people commit this fallacy is by assuming that we can abandon the left-right political spectrum and speak strictly in terms of a statism-capitalism spectrum or a collectivism-individualism spectrum without correcting misconceptions about the left-right spectrum. That may sound great—until we think about it, reflect on the broader context, and realize that a two-pole spectrum by its very nature has a left side and a right side.10 No matter which words we place on the opposite ends, the spectrum will still have a left side and a right side; thus, people will still think about it and refer to it in terms of left and right.11

This is 100% correct that there is not a single spectrum that exists that does not have two poles a left and a right pole of the spectrum. The idea that the Nolan Chart or multi-axis Charts are the answer is factually obliterated in Craig's other masterful work, "The Muddy Waters of The Nolan Chart."

We need to define the essentials objectively and properly; then make our home without shame on the side that is "right." Which is the Right of the spectrum on the side of individual rights and non-initiation of coercion or consent based societies. It is Capitalism the social system; the only moral social system; the Political Right on which classical liberals, constitutional republicans, Objectivists, Laissez-Fairest, et cetera reside. One needs to defend their rightness on the spectrum as well as in matters of facts. The political right represents the morally proper system of social interaction. As visualized and clarified on the below spectrum.

Capitalism is a Social System; it is not just "economic freedom."

There is a big misconception out there that Capitalism only means economic freedom in a Nation. This is something that even some people that claim to support free markets say about the system. Libertarians tend to push Capitalism as "the economic freedom." However, this is dead wrong as Economic Freedom is the outcome of Capitalism itself. Economic freedom is simply a corollary of truly being free to begin with. Capitalism is both social and economic freedom it is not separate from the other. In fact, freedom to trade is not even really "economic" freedom at all it is merely one manifestation of personal freedom as pertains to the right to trade with others for mutual benefit to mutual advantage in a consensual manor. If you have a "market" quote un quote, but, then you are told what to eat or whom to date or whom to marry you are in an authoritarian nightmare not Capitalism. 

The separation of Economic Freedom from the broader existence of the defense of individual rights leads to things like the nightmare of Anarcho-Capitalism to be seen as a freedom philosophy when it is the complete opposite. It helps make especially libertarians to be incoherent and philosophically deadly. This is yet another reason that one needs to differentiate between supporting any individual Libertarian Party, institute, group or Individual Candidate for matters of implementing policy VS supporting libertarianism the intellectual movement. Due to their lacking a coherent philosophy or a dedication intellectually to reality or reason there is no "reason" for them to see the error of their way of seeing Capitalism as only Economic freedom scales. 

This is one of the big differences from a broader Radical for Capitalism or even Classical Liberal from the libertarian movement. While some Classical Liberals make the same mistake it at least is not ingrained in the movement or the intellectual caste of the group. This is of course a major difference between Objectivists and Non-Objectivists as well in talking about freedom and Capitalism in general. As Objectivism IS a coherent and reality based philosophy it talks about Capitalism as it really is. Which is that it is in fact the only moral social system that could ever "grace" this Earth. This is because an Objectivist whom really understands their Philosophy has a coherent whole of views that all go together in a hierarchy that fit together into reality based concepts. Whereas most, but, not all libertarians are whim worshiping and subjectivist at heart. They in a fact take NAP this NAP as an abstraction and do not know how to defend the soul use of defensive force. 

This is spurned on because a lot of them while talking about supporting Capitalism do not even fully understand the breadth of what Capitalism is and means. What Capitalism is, is not just economic freedom as a lot of libertarians word it. It is in fact the identity of the only truly humane, free and just; AKA Moral Social System it is in fact defined as follows; 

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. The only function of the government, in such a society, is the task of protecting man’s rights, i.e., the task of protecting him from physical force; the government acts as the agent of man’s right of self-defense, and may use force only in retaliation and only against those who initiate its use; thus the government is the means of placing the retaliatory use of force under objective control.

When I say “capitalism,” I mean a full, pure, uncontrolled, unregulated laissez-faire capitalism—with a separation of state and economics, in the same way and for the same reasons as the separation of state and church.
The moral justification of capitalism does not lie in the altruist claim that it represents the best way to achieve “the common good.” It is true that capitalism does—if that catch-phrase has any meaning—but this is merely a secondary consequence. The moral justification of capitalism lies in the fact that it is the only system consonant with man’s rational nature, that it protects man’s survival qua man, and that its ruling principle is: justice.

In a capitalist society, all human relationships are voluntary. Men are free to cooperate or not, to deal with one another or not, as their own individual judgments, convictions, and interests dictate. They can deal with one another only in terms of and by means of reason, i.e., by means of discussion, persuasion, and contractual agreement, by voluntary choice to mutual benefit. The right to agree with others is not a problem in any society; it is the right to disagree that is crucial. It is the institution of private property that protects and implements the right to disagree—and thus keeps the road open to man’s most valuable attribute (valuable personally, socially, and objectively): the creative mind.

The essence of capitalism’s foreign policy is free trade—i.e., the abolition of trade barriers, of protective tariffs, of special privileges—the opening of the world’s trade routes to free international exchange and competition among the private citizens of all countries dealing directly with one another.

Laissez-faire capitalism is the only social system based on the recognition of individual rights and, therefore, the only system that bans force from social relationships.

I would recommend anyone that wants a properly explained and essentially defined look at Capitalism to find their nearest copy of "Capitalism: The Unknown Ideal," by Ms. Rand. To buy up a copy as quickly as possible to remove any Hobgoblins and residuals from the Anti-Capitalist mentality in your defending of this great system. The only truly moral system for mankind qua mankind. The above passages are all Copyright Ms. Rand's estate and all rights are reserved to the owners of the Ayn Rand Lexicon website.