Ayn Rand on Socialism, Facism and Statism, From ‘Capitalism The Unknown Ideal’

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This video is an excerpt from ‘The New Fascism: Rule By Consensus’ published in ‘Capitalism: The Unknown Ideal’

‘Capitalism: The Unknown Ideal’, is a collection of essays, mostly by Ayn Rand, with additional essays by her associates Nathaniel Branden, Alan Greenspan and Robert Hessen. The book focuses on the moral nature of laissez-faire capitalism and private property. The book has a very specific definition of capitalism, a system it regards as broader than simply property rights or free enterprise. It was originally published in 1966.

Ayn Rand born Alisa Zinov’yevna Rosenbaum, February 2 1905 — March 6, 1982), was a Russian-American novelist, philosopher, playwright, and screenwriter. She is known for her two best-selling novels and for developing a philosophical system she called Objectivism. Born and educated in Russia, Rand migrated to the United States in 1926. She worked as a screenwriter in Hollywood and had a play produced on Broadway in 1935–1936. She first achieved fame with her 1943 novel The Fountainhead. Over a decade later, she published her magnum opus, the philosophical novel Atlas Shrugged, in 1957.

Rand’s political views, reflected in both her fiction and nonfiction work, emphasize individual rights (including property rights) and laissez-faire capitalism, enforced by a constitutionally limited government. She was a fierce opponent of all forms of collectivism and statism, including fascism, communism, socialism, and the welfare state, and promoted ethical egoism while rejecting the ethic of altruism. She considered reason to be the only means of acquiring knowledge and its advocacy the most important aspect of her philosophy, stating, “I am not primarily an advocate of capitalism, but of egoism; and I am not primarily an advocate of egoism, but of reason. If one recognizes the supremacy of reason and applies it consistently, all the rest follows.”


9 Replies to “Ayn Rand on Socialism, Facism and Statism, From ‘Capitalism The Unknown Ideal’”

  1. Well thank you, its good to feel appreciated.
    Now if only Audible appreciated my videos as much and would start paying me again. Its not like my channel has generated over half a million views for their content.

  2. I can't really get into reading the Fountainhead, but this is very interesting and well done video, that illustrates some of Rand's views in a short and easy to follow video. Well done.

  3. How can one have socialism without a state? How can a people possibly organize in a system of anarchy? How can people be democratic without the tools to do so? How can you have a stateless system WITHOUT giving full power to the individual? These are questions you fail to address in your criticism of Rand's clearly defined definitions of statism, socialism, and fascism.

  4. Your notion of stateless socialism is childish Boz. It shows no historical perspective. The Soviet Union was a socialist nation by design. Its enemy was its own "state." Unlimited power in the hands of men speaking for immeasurable "majorities" creates a monster. A state with a license to enslave. Once all power is taken from the individual and placed into a state, you have the option of being enslaved by your neighbor, or a tyrant. Regardless, its the state that cracks the whip.

  5. If "the state overrides the will of the majority" then you have fascism. If you "democratise the allocation of resources" you MUST have a state to organize and allocate said resources. The task of distributing and allocating the resources is far too time consuming and taxing to have the entire populous involved in. For this reason, the task falls to the state.

  6. Ayn Rand doesn't get it. She says that where the means of production are owned in common, that is statism. Statism, by definition, is not where the means of production are held in common. Statism is where the means of production are held in trust (by the state). The state intrinsically has the power to override the will of the majority through force. If we democratise the allocation of resources (socialism) then we do not need a state, or similar body which holds all resources in trust.

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