"Ayn Rand economics" versus The Altruist-Collectivist Mentality and the Revival of Mysticism

Posted by ShrugInArgentina 11 years, 6 months ago to Economics
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Reading the article by Howard Bess about Jim Wallace's insipid claim that the founding documents of the United States reflected a committment to the "common good" reminded me of an article I posted in another forum when an individual asserted that The US was founded upon and should return to altrustic Christian principles.

It's worth reading the entire article to get to the last paragaph:

"Capitalism is the economic and political recognition of the virtue of individualism. Businessmen or capitalists produce goods and services beneficial for the survival of man not for charity but for profits. This is because the ethical basis of capitalism does not lie on the altruist dogma that this system stands for the best way to attain the greater good. Its ethical basis lies in the fact that it is the only political-economic system consistent with the nature of the individual, that it upholds individual rights, and that its fundamental criterion is Justice."

This, ladies and gentlemen, is "Ayn Rand economics."
SOURCE URL: http://fvdb.wordpress.com/2010/11/05/the-altruist-collectivist-mentality/


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