Does objectivism lead to capitalism?
After learning about Ayn Rand and her philosophy, I must say that I agree with almost all of the concepts of objectivism, which supposedly leads to laissez faire capitalism. Regarding personal rights, I believe that a person can (and should) be free participate in whatever activities in their life that they want as long as they are not having an affect on another person's happiness. Actually, I find objectivism to be full of great ideas back up by evidence except one: Laissez faire capitalism. Now, objectivism does lead to personal rights, as each living thing should have freedom. But why does it lead to a restriction of economic rights? I am not an economic analyst so I will not delve into complex arguments about capitalism, socialism, and communism, yet does economic regulation really restric your rights? Let's say that the socialists and communists are right, that the poor working class fairs off better with a more regulated economy. Although economic freedom may be restricted, if the human species benefits as a whole from this occuring, then why should these rights not be restricted? Objectivism should not be an argument for capitalism. Yes, each human should have control over what they do, but not if they are harming others, which these business owners often do intenionally or uninentionally. It is often argued that the market is "natural" and the government need not interfere for it to be successful. Well, their was a time when the government decided not to interfere at all with the market, in the 1800s, and this lead to sweatshops and tenements. Objectivism holds that man ought to do what he wants as long as he does not infterfere with others rights. In a perfect world, this would work. But men are greedy, and laissez faire capitalism may make it harder for the working class to have their own "rational self-interest", and freely pursue their life as they have smaller leisure time, and do not have the freedom to increase these leisure time . Now, the above is what socialists and communists think about laissez faire capitalism. So capitalism can only fit into objectivism If, and only if, it functions better then socialism or communism. does it? Nobody really knows the absolute answer to this question, which is why it is being hotly debated. But for objectivists similiar to myself, lets take a look around at the different political ideologies before deciding to jump to capitalism.
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