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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.”