Doesn’t capitalism lead to debased tastes?

Under capitalism there is a separation of art and state.

Politically, capitalism has no views on art, as it is the name of a social system of freedom. However, the only non-contradictory philosophy supporting capitalism — Objectivism — does have views on art (as art is a branch of philosophy called esthetics). Such a philosophy is best concretized artistically by a magnificent man glorifying Greek sculpture, an exquisite painting by Michelangelo, or a heroic novel portraying the men of the mind triumphing over irrationality by Ayn Rand. Observe their common element: all are masterpieces portraying man as he could be and should be. Such is the “debased” taste of a capitalist.

The debased art and tastes of postmodern society are not a function of capitalism but are a function of the irrational philosophies taught in many of our universities, which glorifies anti-art.

Capitalism does allow a man to indulge in debased tastes — but only by wasting his own money and not that of others, by prohibiting a man from forcing others to view or support his tastes, if they do not voluntarily wish to. Moreover, neither may he use the powers of the state to force others to subsidize his debased tastes either.

Why is capitalism so despised, maligned, and misrepresented by intellectuals?

The intellectuals despise Capitalism because it stands a monument in opposition to their philosophical principles.

Capitalism is the system of individual rights; the intellectuals on all sides are for some form of collectivism. Capitalism is the system of individualism, self-interest, and happiness; the intellectuals are for altruism, self-sacrifice, and misery. Capitalism is pro-reason; the intellectuals are steeped in mysticism and subjectivism. Capitalism is a social system for living in reality; a reality which the intellectuals despise, or whose existence they deny.