{"id":12447,"date":"2021-11-04T05:00:46","date_gmt":"2021-11-04T09:00:46","guid":{"rendered":"https:\/\/www.justrightmedia.org\/blog\/?p=12447"},"modified":"2021-11-09T20:47:20","modified_gmt":"2021-11-10T01:47:20","slug":"731-capitalism-still-the-unknown-ideal","status":"publish","type":"post","link":"https:\/\/justrightmedia.org\/blog\/archives\/12447","title":{"rendered":"731 – Capitalism\u2014still the unknown ideal"},"content":{"rendered":"

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Capitalists come in all flavors and shades of political preferences and one might be justified in saying that \u2018capitalism\u2019 is on the bottom of their preferred list.<\/strong> The confusion between these two terms \u2013 \u2018capitalist\u2019 and \u2018capitalism\u2019 – has caused incalculable damage to our basic understanding of a free society.<\/p>\n

Take for example Saskatchewan Dr Francis Christian<\/strong> who has recently gained attention arguing that the world is currently suffering under a \u201ctyranny of capitalism.\u201d<\/strong><\/p>\n

The good doctor is fighting the good fight towards his goal of establishing that \u2018informed consent\u2019 be mandated in matters regarding one\u2019s personal health. Yet he has labeled the only known social system based on consent \u2018tyranny.\u2019<\/p>\n

In so doing, his fear that there are no good forms of government \u2013 only a choice between the \u201ctyranny of communism\u201d and the \u201ctyranny of capitalism\u201d<\/strong> – becomes a self-fulfilling prophecy. <\/p>\n

In 1967, philosopher-novelist Ayn Rand<\/strong> published a series of earlier essays in a book entitled: \u2018Capitalism: the unknown ideal.\u2019<\/strong> According to Rand, her book (which included articles by Nathaniel Branden, Alan Greenspan and Robert Hessen) was not intended to \u2018promote\u2019 capitalism per se, but to objectively provide a clear definition of capitalism, epistemologically determined.<\/p>\n

\u201cCapitalism is a social system based on the recognition of individual rights,\u201d<\/strong> she concluded. \u201cThe recognition of individual rights entails the banishment of physical force from human relationships.\u201d Above all, Rand insisted that capitalism required a full \u201cseparation of state and economics \u2013 in the same way and for the same reasons as the separation of state and church.\u201d<\/strong><\/p>\n

Rand recognized that capitalism is not merely an economic system, but a moral one. \u201cThe moral justification of capitalism lies in the fact that it is the only system consonant with man\u2019s rational nature\u2026 and that its ruling principle is: Justice.\u201d<\/strong><\/p>\n

Thus in full context, capitalism is both the economic dimension of individual freedom and the only form of governance compatible with a free society. That\u2019s because capitalism\u2019s operative principle is consent.<\/strong><\/p>\n

Consent can only be obviated through the use of force or fraud, two actions common under all forms of tyranny. In contrast, the right to consent is critical and fundamental in a free society<\/strong> \u2013 a society in which government protects and defends individuals against force and fraud. <\/p>\n

Until more people come to understand this, the ideal of capitalism will never be understood in a way that is Just Right and infinite variants of tyranny \u2013 like \u2018agile government\u2019 – will continue unabated. <\/p>\n

<\/a> <\/a><\/p>\n

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It\u2019s remarkable how many people still think that because someone is a \u2018capitalist\u2019 that he or she is a supporter of \u2018capitalism.\u2019 But it just ain\u2019t so. Capitalists come in all flavors and shades of political preferences and one might be justified in saying that \u2018capitalism\u2019 is on the bottom of their preferred list. The [Continue Reading]<\/a><\/p>\n","protected":false},"author":2,"featured_media":12449,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,3134,28,6],"tags":[],"class_list":["post-12447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-audio","category-globalism","category-latest","category-politics","issues-agile-governance","issues-capitalism","issues-fascism","category-12-id","category-3134-id","category-28-id","category-6-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/posts\/12447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/comments?post=12447"}],"version-history":[{"count":3,"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/posts\/12447\/revisions"}],"predecessor-version":[{"id":12456,"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/posts\/12447\/revisions\/12456"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/media\/12449"}],"wp:attachment":[{"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/media?parent=12447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/categories?post=12447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justrightmedia.org\/blog\/wp-json\/wp\/v2\/tags?post=12447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}