Re: ]World-Wide_Politics[ Chesterton & Rand on Capitalism
- Al J WWP Email Member and Baha'i(Algae5636@... ) Rofl.
Rand's definition begins by saying capitalism is a "social system" (Orwell is smiling down on that bit of doublespeak :-).
I guess that over-reaching misrepresentation makes some sense coming from a refugee from a country that tried and failed to force communism to be a complete social system.
That doesn't make it any the less false and misleading, however.
Capitalism is not a social system.
It's only a way of doing business.
Randist Bo7b aka Bob Wynman WWP Email Member (bobalou@...) Rand had a rather different view of capitalism, as did Galambos:
"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.
“What Is Capitalism?”
Capitalism: The Unknown Ideal, 19 "