Capitalism is the moral (rational-self-interest), political (individualism), legal (rule of law), economic (free-market) social system based on the principle of individual rights that results in peace, progress, and human flourishing.
Politically, a capitalist is an advocate of laissez-faire capitalism, regardless of how rich or poor they are.
“Corresponding to the four branches of philosophy, the four keystones of capitalism are: metaphysically, the requirements of man’s nature and survival—epistemologically, reason—ethically, individual rights, politically, freedom.” — Ayn Rand
The intellectuals despise Capitalism because it stands a monument in opposition to their fundamental principles.
“So you think that money is the root of all evil?” said Francisco d’Anconia. “Have you ever asked what is the root of money?
Life, according to philosopher Ayn Rand, is “a process of self-sustaining and self-generated action.”
Morality is the “science of self-preservation” and human fulfillment.
Self-interest indicates the end (the self) of one’s actions; rational indicates the means (reason) of obtaining that end.
Virtues are the mental and physical actions necessary to obtain the values necessary to sustain one’s life and achieve happiness.
If one desires consistent results, one must act consistently. That is, on principle.
Rational self-interest does not mean sacrificing oneself for others (what philosopher Auguste Comte coined as altruism or “otherism”) or sacrificing others for oneself (what is smeared as “selfishness”).
Rational self-interest means to live by the trader principle.
Ethics is individual morality applied to living life in society.
Individualism regards the individual as a sovereign being (an end in oneself) with an inalienable right to life.
“Rights are moral principles sanctioning an individual’s freedom of action in a social context.” — Ayn Rand
“A right,” as defined by Ayn Rand, “is a moral principle defining an individual’s freedom of action in a social context.”
The right to life is the fundamental right from which all other rights logically derive.
Inalienable means the right may not be alienated from the person who possesses them.
Rights are not guarantees for successful action but are only guarantees to freedom of action.
Rights belong to each individual equally by their nature as a rational being.
Individual rights are not self-evident but are objective discoveries.
Individual rights are not permissions granted by the government.
Collectivism holds that the individual is not an end in oneself, but is a tool to serve the ends of collective.
Statism is a political-economic system where the individual lives not by inalienable right but by permission of the state.
Socialism is a collectivist-statist form of government where the state owns the economic system leading to the eventual destruction of civilization.
Communism is a radical form of statism that is totalitarian/authoritarian.
Racism is a form of collectivism that ascribes moral and political significance to an individual’s race and/or ancestry.
Anarchism is not a form of capitalism; anarchism is a form of collectivism, where individual rights are subject to the rule of competing gangs.
“State capitalism” is not capitalism, but capitalism crippled by statism (government controls).
“Crony capitalism” is not capitalism, but political cronyism: the granting of political favors by the government to one’s friends (“cronies”) at the expense of the rights of others.
The purpose of government is to protect the individual’s right to life, by banning the initiation of physical force.
Under capitalism the government is banned from initiating force.
A proper government consists of a military, a police force, and a court system.
Economic power is the positive power to create and trade values; political power is the negative power to expropriate and destroy them.
Under capitalism, the government’s job is to protect individual rights as a referee, not to regulate their affairs as a dictator.
In today’s mixed economies, the removal of taxation would be the last step to implement in the transition to a 100% capitalist society.
“The public interest, c’est moi!”
Under laissez-faire capitalism, there would be no buying of political favors from politicians because politicians would not have any favors to offer.
To place the use of force under objective legal control.
A written constitution objectively defines the nature, scope, and limitations of government powers serving as the individual’s protection against the government.
“A republic if you can keep it.” — Benjamin Franklin
Federalism is the principle of dividing political power vertically between federal and local governments.
The separation of powers is the principle of dividing political power.
The federal (central) government consists of three branches.
“Ambition must be made to counteract ambition.”
Under capitalism, it is the actions of the government that are regulated so that the rights of the individual are protected.
Pure democracy is collectivist mob-rule.
The use of physical force, in and of itself, is not evil — but to initiate (start) force is.
Under capitalism, a crime is any act that is a violation of the rights of another.
Criminals are those who choose to violate the rights of others.
Intellectually “chew” the ideas brought up in the tour by exploring the Capitalism FAQ (Frequently Asked Questions).