3/04/2012

What is capitalism?

Europe's predominant idea of emancipation consisted of changing the concept of man a slave of the absolute state embodied by a king, to the concept of man as a slave of the absolute state embodied by "the people"--i.e. switching from slavery to a tribal chief into slavery to the tribe.

There is no such thing as a "social surplus". All wealth is produced by somebody and belongs to somebody.

Man cannot survive, as animals do, by the guidance of mere percepts. There is no such a thing as a collective brain. Men can learn from one another, but learning requires a process of thought on the part of every individual student. Everything man needs has to be discovered by minds and produced by efforts. Production is the application of reason to the problem of survival. Freedom is the fundamental requirement of mind.


A rational mind doesn't work under compulsion; it doesn't subordinate its grasp of reality to anyone's orders or controls; it does not sacrifice its knowledge, its view of the truth, to anyone's opinions, or "welfare". A gun is not an argument.


A free market is a continuous process that cannot be held still, an upward process that demands the best of every man and rewards him accordingly. The majority learn by demonstration, the minority are free to demonstrate. The mental parasites--the imitators who attempt to cater to what they think is the public's known taste--are constantly being beaten by the innovators whose product raise the public's knowledge and taste to ever higher levels. It is in this sense that the free market is ruled, not by the consumers, but by the producers. The most successful ones are those who discover new fields of production, fields which had not been known to exist.


The moral meaning of the law of supply and demand: by the voluntary consent of those who are willing to trade him their work of products in return.It represents the recognition of the fact that man is not the property nor the servant of the tribe, that a man works in order to support his own life.


Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.


The right to agree with other is not a problem in any society; it is the right to disagree--and thus keeps the road open to the man's most valuable attribute: the creative mind.

Force invalidates and paralyzes a man's judgement, demanding that he act against it, thus rendering him morally impotent.

No comments:

Post a Comment