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What is Capitalism?

What is Capitalism?

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.

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What is life?

What is life?

Life, according to philosopher Ayn Rand, is “a process of self-sustaining and self-generated action.”

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What is virtue?

What is virtue?

Virtues are the mental and physical actions necessary to obtain the values necessary to sustain one’s life and achieve happiness.

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What is a sacrifice?

What is a sacrifice?

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”).

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What is freedom?

What is freedom?

“Rights are moral principles sanctioning an individual’s freedom of action in a social context.” — Ayn Rand

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What is statism?

What is statism?

Statism is a political-economic system where the individual lives not by inalienable right but by permission of the state.

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What is socialism?

What is socialism?

Socialism is a collectivist-statist form of government where the state owns the economic system leading to the eventual destruction of civilization.

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What is racism?

What is racism?

Racism is a form of collectivism that ascribes moral and political significance to an individual’s race and/or ancestry.

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What is anarchism?

What is anarchism?

Anarchism is not a form of capitalism; anarchism is a form of collectivism, where individual rights are subject to the rule of competing gangs.

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Government and Taxation

Government and Taxation

In today’s mixed economies, the removal of taxation would be the last step to implement in the transition to a 100% capitalist society.

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Capitalism FAQ

Intellectually “chew” the ideas brought up in the tour by exploring the Capitalism FAQ (Frequently Asked Questions).