THOUGHT FOR THE DAY

"The moral justification of capitalism is not that it serves the public. Capitalism does achieve the “public good” (appropriately defined), but this is an effect, not a cause; it is a secondary consequence, not an evaluative primary. The justification of capitalism is that it is the system which implements a scientific code of morality; i.e., which recognizes man’s metaphysical nature and needs; i.e., which is based on reason and reality. A secondary consequence of such a system is that any group who lives under it and acts properly has to benefit."

"The distinction between primary and secondary — in other words..."

Read the rest.

LEONARD PEIKOFF
Objectivism: The Philosophy of Ayn Rand

 


CAPITALISM MAGAZINE


America Needs a Leader Like George Washington
By John Ridpath
America needs to rediscover the Founders' commitment to individual rights.

Protecting Your Privacy
By John Stossel
Drop Google and use search engines like DuckDuckGo?

Taking Wage Subsidies and Paying Dividends: Is it Moral?
By Jaana Woiceshyn
Is it moral to take wage subsidies from the government while being profitable and paying dividends?

Black History Month: Why Don’t They Teach About the Arab-Muslim Slave Trade in Africa?
By Larry Elder
Black history is American history. It ought not be "relegated" to a month, and slavery ought not be relegated to only the European slave trade.

Religious Left and Right Quibble Over Human Carnage, But Agree to Keep Hating Capitalism
By Richard M Salsman
For religious reasons, mainly, conservatives like Dennis Prager are unable to defend capitalism. They share more premises with socialists-fascists than they admit, yet rightly recognize them as fellow religionists. 

Free Markets are Good Medicine
By Richard E. Ralston
Those who prefer government management of medicine have a wider agenda: they hate the idea of a free market in medicine because they hate the idea of free markets in anything.

Julian Simon: The Ultimate Resource is The Human Mind
By Art Carden
Each person born brings a mouth to feed and hands with which to scratch the ground, but most importantly, each new person brings a mind with which to have new ideas. The key, Simon argues, is freedom. When free minds are blessed with political and economic freedom, they can accomplish anything.

Inconvenient Historical Truths From ‘Black History Month’
By Larry Elder
A few historical and inconvenient notes left on the cutting room floor during Black History Month.


 


CAPITALISM REVIEW

 

WHAT IS CAPITALISM?

Discover the foundations of capitalism by taking the Capitalism Tour.



 

 

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