Culture of Capitalism: Peace, Progress and Human Flourishing
Culturally, when such freedom is applied to personal relationships, the arts, technology, and the sciences, it leads to human flourishing, peace, and progress.
“Capitalism has created the highest standard of living ever known on earth. The evidence is incontrovertible. The contrast between West and East Berlin is the latest demonstration, like a laboratory experiment for all to see. Yet those who are loudest in proclaiming their desire to eliminate poverty are loudest in denouncing capitalism. Man’s well-being is not their goal.” — Ayn Rand
Historically, to the extent that a society embraces capitalism and its principle of individual rights, the more it will experience…
- peace (by banning the initiation of physical force domestically and replacing it internationally with the freedom of trade in spiritual and material values, capitalism creates a ‘harmony of interests’ between individuals and by extension countries),
- progress (intellectually in knowledge and materially in wealth as the power of reason is unleashed in the artistic, scientific, technological, and productive spheres), and
- human flourishing (with an an improving quality and quantity of life, health, and prosperity for all),
…limited only in potential by the greatest “natural resource” and the fountainhead of all achievement: the individual’s ability to think.
“To save the world is the simplest thing in the world. All one has to do is think.” — Leonard Peikoff, quoted in Objectivism: The Philosophy of Ayn Rand.
The above is a brief survey of capitalism, for a more in-depth examination take the Capitalism Tour.