Galt's Gulch

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  • Posted by CircuitGuy 8 years, 11 months ago
    The economy depends on courts to enforce contracts, BUT if even 1% of all contracts ended up in a legal dispute, the economy would crash. The economy, i.e. people providing things for one another in mutually-agreed trades, runs on trust, as in the article. A system of courts is important, but I agree completely that the modern economy rests more on the cautious trust described in the article than on the courts.
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  • Posted by $ MichaelAarethun 8 years, 11 months ago
    If it's universal it's not objective. Objectivism requires as it third step individual decisions on ethics and individual responsibility. Fault premise. Unless the universal objective is something not acceptable to objectivism. We also do not accept undefined phrases so it was evaluated as it deserved.
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