Ayn Rand - What Is Capitalism? (full course)
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- Опубликовано: 27 сен 2018
- This 1967 lecture is Ayn Rand’s flagship talk on capitalism. In it she explains in depth what capitalism is, why it is often misunderstood and why it is the only social system consonant with man’s nature. She discusses the philosophical and ethical roots of capitalism, and contrasts them with the moral-philosophic doctrines that lead to rule by force. She then discusses progress under capitalism and how it is fundamentally different from the so-called progress of a statist society. Along the way, Rand takes up such questions as:
• What is the essence of man’s nature?
• What is the fundamental basis for the concept of individual rights?
• How is capitalism consonant with man’s nature? Why are other social systems not consonant with it?
• Why is serving “the common good” not a sound principle for governing a free society?
• What are the different perspectives on “the good,” and how do they inform people’s views on what constitutes a proper social system?
• What has been the ethical basis of all tyrannies in history?
• Who prospers on a free market?
• How does a free market unleash man’s creative abilities?
• What is so often misunderstood about progress under capitalism?
This talk is excerpted from Rand’s substantially longer and more comprehensive essay of the same name. Students interested in mastering Rand’s views on capitalism are encouraged to study the full essay, available here, in addition to enjoying this course.
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"The highest tribute to Ayn Rand, is that her critics must distort
everything she stood for in order to attack her. She advocated reason, not force; the individual’s rights to freedom of action, speech, and association; self-responsibility, NOT self-indulgence; and a live-and-let-live society in which each individual is treated as an END, not the MEANS of others’ ends. How many critics would dare honestly state these ideas and say, ” . . .and that’s what I reject”?
--Barbara Branden
also abhorrence to altruism
I find it fascinating how, so many years after her death, collectivists still viciously and relentlessly attack Rand. It is actually a very good sign. It shows that we are slowly penetrating the culture and overcoming hundreds of years of immoral indoctrination. The fact that collectivists still consider her such a threat and fear her ideas to such an extent indicates that they are afraid. They SHOULD be. Their entire self-image is built upon an evil premise: that in order to prove you are of value, you must tear down people of actual value.
I would find it disappointing if, instead, Rand's critics simply ignored her.
the wordt part about ayn rand is that you eventually run out of oxygen to laugh with
@@guyfauks2576 What is it you find so funny about Ayn Rand's writing, Guy? Is it the fact that she advocated the use of reason as your primary means of survival? Is it the idea that we settle our disputes WITHOUT the use of FORCE? Is it that YOU should be responsible for taking care of your own life?
We all like a good laugh, Guy. Tell us what you find so humorous.
@@guyfauks2576 Yes, tell us Guy, what amuses you to the point of not being able to get oxygen? Dazzle us with your superior intellect
In 2021, Americans need to study Ayn Rand's philosophy more than ever before in their history.
I admire this woman.
well, maybe ignore her definition of capitalism (that is not what it means)
Lmao she criticized others for welfare then ended up using it herself.
In 2022, too.
@@edgaraf9411 Rand was forced to take part in the welfare system.
Why is this not being taught in universities? I think most of us know the answer.
because is the anti thesis, the opposite of todays prevailing leftist ideologies
Because there's nothing here. Pure speculation and absolutely no reasoning.
@@wsovalle you have just described marxism. And marxism is taught in every university. The most destructive, hateful and irrational "philosophy" ever created
@@wsovalle I probably can show you the mathematical reasoning behind individualism next year (2024).
@@wsovalle
You a Marxist?
I've just discovered her. Her wisdom rings true. How wonderful that it is preserved here. Thanks for the video
Scary how much of her works have moved from philosophy and science fiction to news stories in the last few years. There's a point in "Atlas Shrugged" where her fictional US Government is shipping oil overseas to allies during a crippling domestic shortage. I was like "Yeah, right- little bit farfetched there, Ayn." Sonofagun, it happened in 2020.
I was lucky enough to discover Ayn Rand back in the early 90s when I was in my 20s, she completely changed my life. She did some great work with Natheniel Brandon and others which I have also read.
Her wisdom? She died broke on social assistance.
The last 2 1/2 minutes are pure gold
@Curiouser and Curiouser thank you for your contribution.
Very insightful. What I found powerful is the section where she speaks about the pointlessness of doing good on others by force as it takes away the judgement and application of independent mind by the others and serves the opposite purpose.
If the mind is independent than why should you bother listening to her? After all just like free markets independent minds solve all problems. LMAO.
@@kimobrien.Wow, your Dumb.
Perfectly explained. I can't think of any other intellectual who created as dramatic a shift in my thinking as Ayn Rand did. I will be forever grateful for her contributions.
same
Just another capitalist arrogant parrot... Capitalism can be a dictatorship just like any other system! We actually saw this in the crash of 2008 where banks and governments went to people bank accounts and hijacked money to pay their Wall Street gambling. Or in the pandemic where they forced us to stay at home and get vaccines... So that Big pharma makes all the money. Or pays their investments whatever... Also they get all the priviliges through governments where they can evade taxes and fines. Which it actually helps them to stay rich. And I can give you another "small" example... You cannot tell me that a tree as a monetary value! Because it belongs to nature, naturally... Now what you DO to a tree can have value for sure. But will it be good or bad?? Because chopping down trees for money is not exactly a good thing... For you, me and others. Because we ALL depend on their production of Oxygen to stay alive. At this point one should ask... Does a tree belong to you? Or to us? And let's say for example you're filthy rich... You can buy alllllll the land, all the countries, you own EVERYTHING. And you decide, for some crazy reason, to chop down all the trees because you need 'Da money'... Your wealth shouldn't override Science or Life. And that's my point.... Money is a CONSTRUCT. It doesn't override natural real things! They can't be bought or sold, or have private ownership... In a way. The planet doesn't belong to nobody nor it does belong to everybody
@@Trip4man What you described is NOT Capitalism. That is Corporatism, which is what the US system has evolved to since the 1887 passage of the Interstate Commerce Act. Our economy is completely controlled by the federal government today. In a Capitalist system, NO government intervention in the economy is permitted.
@@johnnynick6179 Uncontrolled capitalism? So in the end corporatocracy?
@@tefky7964 Corporatocracy is what we have now, WITH government control. The only way corporations can wield so much power is if we allow government to wield power. Then corporations can use money and influence to BUY that power from corrupt government bureaucrats.
In a free Capitalist society, corporations would not be able to buy power from government officials because government wouldn't have any power to sell.
Wow!!! What an amazing Woman!!!! Almost brought tears to my eyes, so timeless and beautifully expressed.
I have read all her works, including some of her associates. Look up her writing called The Meaning Of Money and The Meaning Of Sex. Her ideas when expressed is like peeling an onion
Ah ah ah, remember to use reason not subjectivity 😌
Vim após divulgação do Bredda!
Eu tbm!
@@danielmoraes9998 que aula hein?
Absolutamente! Sem palavras... só consigo aplaudir 👏👏👏👏
👍
Eu tbem. E depois desse vídeo me sinto uma total ignorante frente ao que essa mulher magnífica disse. Esse final sobreo.motivo do capitalismo ser destruído e revelador pra mim.
Please people, post and share her analysis on capitalism and a constitutional republic to all and to show that our country is NOT A DEMOCRACY!!!!
She is not entirely correct. America flourished because of immoral capitalistic slave labor, not only in the South, but also in the North. During the industrial revolution child labor was prevalent, there were no labor laws. Desperate people suffered greatly, working long hours in unsafe and brutal conditions. People were sacrificing their lives and the lives of their children for opportunities of a greater good in the distant future. She is wrong. She leaves out important information.
@@jtsjtsm7920
You are wrong .
Slave labour is not capitalism .
Slaves are sapient beings that can not own private property and their individual rights are not recognized by the state .
Slavery in the USA was merely one of the last vestiges of the collectivism of Europe and the rest of the world .
Slavery without Altruism is not possible .
A egoist does not make a good slave .
A good slave is one that evades reality , has hope , has faith and believes that his slavery is merely being a good individual by not serving only himself .
Moron
@@normagilliot706 Slave owners, aka corporations, used slaves to minimize costs. Not unlike opening offshore factories and offices. Not unlike introducing automation, computer technology, and AI to manufacture products, it ultimately serves the bottom line. Of course, slavery is reprehensible, exploitative, evil, and immoral, and thank god that time is 'mostly' gone, but from a means of production perspective, it's all about maximizing profits and minimizing costs. That's capitalism, and it is brutal.
@@jtsjtsm7920 No. You're wrong. A nation without borders is no nation, you're arguing ignorantly and subversively. Maybe go get a Generals attention before you start talking because I could hurt you and live with myself.
Deixa um like quem chegou aqui pela recomendação do Henrique Bredda! 👍
eu tb
Eu
Eu
Why did i discover this lady in my 30's 😭
@Gmoney TV wrong assumption. I just read the wrong kind of books, i was not exposed to such thoughts. I have always loved knowledge
@Gmoney TV man, why y'all presuming. 🙄
Because your parents didn’t know of her existence. My son just turned 12 and he knows about her because I’m into her philosophy. Not to brag but my son knows a lot more than many adults. And why is that? It’s because I’m is teacher and guardian.
Because like most of us, you were undereducated
I got her in my 40’s 😭
Thank you for this. It is so nice to meet living souls.
"Begging hands and bleeding hearts will only cry out for more"
Anthem of the heart and anthem of the mind 🤘🏻
Neil's fascination with Rand's books were so evident in Rush early days.
Love it!
Wonders in the world they.....wrought!....wrought!!.......wrought!!!
Probably the absolute best and most completely articulated explanation of the interface of morality and economics I’ve ever heard.
@@venusbonjour9303 Mysticism includes religion. It also includes things that are not associated with religion today. Believe it or not, Buddhism is considered atheism in some places. Also, superstitions are not considered to be a religion. But, mysticism is wider. It is anything taken on faith. Even populism of Trump, which got him elected, is a form of mysticism.
@Boris Reitman mysticism as used by Ayn Rand is perfectly used as to mean any altered level of consciousness including ghosts to anything supernatural. She used that word on purpose she was an atheist. Anything that goes against a rational mind would be mysticism. Ayn Rand was a completely rational person who did not believe in any form of spirituality.
the best lecture i have ever heard
So confident. So eloquent. I’m sure many people will not think to critically consider and reason about these opinions.
i went to the comments first to get some impressions, yours stood out xD let's see where that video goes
21:35 This sector explains 2 of the quotes I constantly refer to:
1. Thomas Sowell's Conflict of Visions: Unconstrained Vision vs. Constrained Vision. Sowell's Unconstrained Vision corresponds to Rand's Intrinsic+Subjective mixture school. Sowell's Constrained Vision corresponds to Rand's Objective school.
2. Ludwig von Mises once said "Every socialist is a disguised dictator". So far Rand's explanation is the best justification of Mises's conclusion.
Amen
You can put limits and restrictions on anything except a capitalist.
They don't wish to be accountable to anyone.
@@paulgibbons2320 On the contrary of what u claim, you can put laws to limit and restrict capitalists all the time, but you cannot put limits and restrictions on those "self-anointed", aka. self-appointed saviors, such as Robespeirre, Marx, Lenin, Stalin, Hitler, Mao, Polpot, et al. So please rethink the logic behind ur argument.
This lecture, along with Atlas Shrugged, have changed my life.
You sir need a hero
I have read The Atlas Shrugged many times and have brought all her books.
Magnificent speech, crystal clear logic, leaves no doubt in my mind.
Like most of these fools real capitalism is only possible as an unknown ideal.
Einstein said "Logic will get you from "A" to "Z" but "Imagination will get you Everywhere"
Without Property rights, there can be no other rights. My body is my property.
@John Cocca Idea's are of the Mind so how are they property?
@John Cocca Artwork is physical. Music is physical. Mechanics are physical. Novels are physical. Essays are physical. So these physical things can be your property.
Discoveries of Natural Properties are not the property of the discoverer. Totally disagree.
Intellect is not a property it is a quality.
@John Cocca Shame on me for not selling my book before I let someone read it. How dumb was I? Murder and defense are absolutely physical. Murder is the Initiation of Violent force and theft which are evil. Defense is Right Use of Force which is good. Both are real and physical.
@jeep23862 💩
@jeep23862 😂😂😂💥
Ayn Rand was a brilliant woman
@Foxaurus I'm not reading all that lol soon as I saw too big to fail banks I see you don't understand the difference between true free market capitalism and crony capitalism that in which we have today. If we stayed the economic course Ayn Rand talks about and didn't constitute a Federal Reserve we would be in a FAR better position than today.
@Foxaurus Ayn Rand and Milton Friedman are 2 of my favorites.
She sure was! Wish I could of met her!
@Foxaurus
In a free market capitalist country (unlike the mixed economy we currently have), the government cannot assist, hinder, or control any individual, group, business, or industry. All it can do and must do is protect individual rights of all the people. That means that there can be no corporate bailouts under a capitalist system. You should be begging for capitalism.
@@jayb-clay2724Friedman is a problem. Not every problem can be solved with monetary policy. I agree with Ayn Rand’s work as a philosopher, it’s really hard to apply her practices in real life.
Powerful!
What a beautiful animation of her teachings.
This really bought the heart of what she’s saying to life.
Thankyou.
Who owns the air and sunlight?
@@kimobrien. who cares?
@@JFCotman I don't want a boss creating unnecessary air pollution from coke batteries in steel mills because he doesn't want to spend the money to clean up the mess he was creating. Suppose someone builds a structure that prevents sun from reaching photoelectric panels on a homes roof top? Same with water pollution. If you bury 55 gallon drums on you land with toxic waste and then they leak into the ground water who owns the ground water? .
awesome interpretation, Thanks
25 years old here…
Why did I never learn about Ayn Rand in school?
Public schools will NEVER teach a subject that would likely result in their demise. If people truly understood this philosophy, they would immediately eliminate MOST of what government does today...including and perhaps especially public education.
I was about the same age as you when I discovered AYn Rand..... consider yourself lucky. The education system in the west has been infiltrated by leftist nuts, which are inturned financed by the deep state. Their method is always divide and conquer
@@johnnynick6179 very good and so we should, as a man it is my duty
Grew up in a collectivist culture as an autistic person, I rebelled quite hard against the conformity and the homogeneity. I remember quite vividly the refreshing feeling when I read fountainhead in middle school. Ayn Rand will always have a special place in my mind for articulating my thoughts and feelings so well.
Bwahahahaha! Good one mate! 😂🤣👍
What country. I was born in New Zealand and they are leftist lunatics
Thank you....we are humans and deserve to respect one another.....
To respect others YOU need to have respect FOR yourself in the first place.
Respecting others implies a close enough relationship to understand how a person values their life. Giving a gift to others implies helping that person live rationally and reasonably. This is educating them on the objective world or learning from them about the objective world. Ms. Rand did this in full with her books. They are cheap and fully available to all humans. What do you do to respect others?
Really great course. I went through it earlier on the Campus website, but its great that its getting posted on RUclips too.
This lecture is timeless.
sho846 what course is this from?
Brought to you and funded by the ruling class. LOL so you enjoyed their material?
@@Appleriver3 Key word "funded," or would you prefer it replaced with the word "nationalized" instead?
@@pablorossi1760 , I'm not sure what you mean. People should be paid according to their contribution. Expropriating wealth from other people's labor is immoral. For example, if you take 50% of the honey from a beehive, you are forcing the bees to work 50% longer. Why do you think people are still working 40 hours a week after a hundred and fifty years? It's because all increases in productivity are siphoned off by the owners of capital. If you own capital, you own and control the increases. If you own a cow, you own and control everything the cow produces. If you give a cow bovine growth hormone to double milk production, does that result in the cow working half the number of hours? Of course not. Do you think that you can go and pick a million apples a day? Of course not. Don't be ridiculous. You're not stupid? Are you? You really think that human being can go and earn a million dollars a day or a month with their own labor? Of course not. Billionaires shouldn't even exist. The only reason a billionaire exists is because they are able to expropriate Libra energy from other human beings. Come on! Think about it. We have an economic system where those who do all the work get paid the least amount of money and those who do the least amount of work get paid the most. Are you ready or mine? Honestly? You don't see the problem yet?
@@Appleriver3 What's the alternative? Should capital be distributed by government? People who have more simply have more, and want to have more, that's why people (should be competing) in capitalism. The problems you mentioned are the results of cronyism the debt based monetary system and too many taxes, this is not capitalism's fault. True laissez-faire capitalism with sound money is the best system we know. Corrupt cronyism and corporatism is where we are at today.
Alisa Zinovievna Rosenbaum a.k.a Ayn Rand, is philosophical genius. ))) She learnd a lot from Aristotle )))
What a powerful lecture!
Very appreciated and thankful that I had found this video. I'm into business administration in general. I had learned fruitfully from this video on this topic.
Ayn rand the greatest mind in men’s history
I would not hesitate to agree. I have bought everyone of her books and treat them like my Bible
This Video is an Awakening for me !! It Beautifully describes my core human values. Truly !! My individual goals, drive, independence. My soul !!
WOW
I have no words
I love it i just love it awesome arguments :)
More men need Ayn Rand these days ,,,
When you've written 2 pages of notes...and realise you're only 13 minutes in 😂
Her explanation is crystal clear
@Seraph909 sure u can text me via WhatsApp. Send me or no.!!😉
Which is why Im perplexed we are syruggling to apply them to each of our lives
@@venusbonjour9303 no, she was intentionally separating the two; they are not the same.
While many religions may believe in the supernatural, they also advocate for free will and morality. I am free to join _and leave_ a given religion. I am free to question a religion.
The organizations you are thinking of are cults where you are free to join, but coerced into staying and forbidden to ask questions.
Given this example, do you _really_ believe that she doesn’t know the term ‘religion’?
@venusbonjour I think Sun Rand use the word mysticism because it is all encompassing to define any form of a religious experience whether it be ghosts or anything having to do with an altered level of consciousness. I find the word to be perfect and it's definition. Anything that defies our senses as a rational person such as mysticism should be called into question.
*Ayn Rand
Great woman
This woman has a way of explaining things that are easy to grasp, and should be quite obvious to anyone with a brain! It’s amazing how relevant it is to today’s society! It’s an ominous warning that we are going down the wrong path, and the very ideas presented here are not only not being taught, but the alternate view is being indoctrinated into young minds!
Excellent and so needed in today's society.
Great video, bravo!
Excellent presentation of capitalism from a philosopher’s perspective!
Legend
Beautiful words, I hope one day Human beings can live up to those high standards, it would be a massive step forward for humanity.
Capitalism is what keeps people from experiencing true humanity
@@christinabutterfield1801 Not true in my view, Freedom is part of Capitalism it has to be. Socialism needs force, to work, Hence why those who are failures, envious and full of hate are more attracted to it.
What you are taking about is cronyism, which is a human problem, which is why good law is needed, its the lack of that mostly caused by Public sector ie Government
Bake been you mean all the people who voluntary accept social security retirement payments are failures, envious, and full of hate? Even Ayn Rand received social security retirement- which, according to her, is “using force” to rob Peter to pay Paul. Her philosophy is circular logic nonsense.
@@ikant312 she did so because her taxes had paid for it, there is many facts about Ayn Ryan's last few years, I too use the UK system, because the money has been forced from me so I'll use it, if a car dealer steals money off you and the only way to get it back is to take a car, then you better believe I'm going to get my car. Thanks for your comment, btw its the idea not the person that matters, just like it's not the colour of the skin but what they say. 😁
Bake been nonsense- her taxes weren’t saved in a retirement account- it was taken by force from someone else to give to her. I would say what Rand would say - she should have saved for retirement- not rely on the altruism of others.
Unbelievable
Worth it to listen to it many times.
Wonderful, entertaining, elevating
"Reason is mans means of survival. And that man prosper or fail, survive or perish in proportion to the degree of their rationality." This is the foundation of freedom and free markets. The problem is, most people would rather feel safe than be free.
A well-founded statement worthy of pride and founded by reason and rationality.
Genius ♥️ love Ayn Rand
Thank you.
Couldn, t find any contradiction in that lecture. The best moral defence for Capitalism.
maybe try looking?
There is no such thing as a collective brain love it
Whether we agree with Any Rand or not, she is not an economist. She was more of a philosopher.
great video
Thank you!
Love it.
Magnificent
love aynrand
Incredible!!!
WOW.....just WOW!
I loved her book
What's the name of her book
@@blessed6574 I like "the virtue of Selfishness, but there are many others.
@@marielicampos5097 I just finish looking that book up before you replied. It seems very interesting considering the fact that I've been a victim of that type of thinking that putting myself first is bad.
"The Virtue of Selfishness" is one of Ayn Rand's best books it's like a primer of her philosophy. Unfortunately the title has turned so many people off this book. Be BRAVE you must read this! It has nothing to do with being selfish.
I want that book, Already seen it was a bit controlling and how it was counter to my beliefs, removing confusion,
This person would be good example.
I'm revisiting this video for the first time in nearly 5 years. This isn't a complaint of the quality of the video, Just an observations. The first time I listen to it, it sounded just fine. Although I can still hear well, I'm starting to have trouble with some sounds. In this case it was the background music. It made it extremely difficult to make out the words of Ayn Rand.
What a brilliant mind she has!
It seems she used it for the wrong reasoning though :/
Great stuff
At the middle of the video I began to cry so hard
Sook
The how might be from your mind but the decision about the what human does anything is from the soul. In the harmony of both together, only then it is worth doing
Beautiful
One of the great tragedies of our Anti-Reason, anti-intellectual world is that introducing things like this to the general public is akin to teaching children calculus before they get the hang of multiplication and division. SO much more fundamental knowledge is needed first, like what IS philosophy, WHY do we need it (or DO we need it?), what are its main branches, how does all that lead to Capitalism (or ANY social/political/economic system), etc.
Without answers to these, Capitalism is (at best) a "floating abstraction" in peoples' minds, unconnected to reality, and at worst a sinister unintelligible "enemy" that they cannot understand, so it must be defeated. THIS is where our Government-Run Socialist (Mis)Educational Indoctrination Centers has taken us.
Einstein was a global socialist what a bunch of lies. Cars, Tesla, light bulbs, kitchen appliances... - all of these are invented by private initiatives.
David not true these are truths known in the heart of every man do youth just need to be educated that this has been a ideological battle for over a hundred years and they'll come to the correct conclusion postmodernism Marxism and Neo Marxism it's been the ruling ideology that's why it doesn't make sense if we raise our kids to know that the majority of people are lazy thieves and would kill you for what's yours before earning at themselves it would all be very easy to understand you're either good or evil
Very well stated!
Please post this video without the music. The music makes it difficult to hear and concentrate.
Amazing.
I have become a FAN !!
I never heard of the intrinsic theory of ethics before.
Filed under S for Spinoza
It's right next to "Objective theory of values", lol...
I would argue that it would simplify without any compromise, to categorize the intrinsic theory under the subjective. In both cases, "the good" is determined by mere arbitrary whim.
This is an objective, philosophical, conceptual frame for polatical views. This approach is tied to mans very needs for survival and evolvement..
Look at how all of it is twisted these days thereby rendering the talking heads and so called experts as mental midgets..
This lady is the Einstein of philosophy and polatics. She is indeed a Legend..
lol
Thanks!
Ayn Rand was a philosophical pit-bull as she never backed down against her detractors. She was a refreshingly intelligent spokeswoman for her thoughts. Being a physics professor, I can both admire and appreciate that fact - whether or not I’m in agreement on a particular point of discussion. Her views were her own as my views are my own. America has become an overflowing toilet of one-size (i.e., idea, notion, opinion etc.) fits all mental turds.
I think you mean the woke game.
I LOVE YOU Ayn Rand Thank you for the Education!!! I Learned more watching this video then in 20 yrs of living . may GOD continue to BLESS and Be with you xoxoxoxoxoxox
she was atheist
OMG, people still idolize this psycho? I thought we'd evolved past that point.
@@davidblue8771 If you dont at least respect the ideas of this woman. Then you surely haven't evolved past most philosophical basis. Which, I assume, is why you name call rather than refute the points. What a shame.
@David Blue
Evolved toward what?
I disagree that a government should exist but I love everything
That is one of the few things I disagree with Ayn Rand on. She believed in a limited government, while I (like you) believe in a society free from government.
@@Nicholas_Terry So what would be in its place? There has to be some type hierarchy or it will be nothing but anarchy wouldn’t it?
@@OcculticRomantic As an anarchist myself, that's exactly my point ;)
Perhaps you have conflated the ideas of chaos and anarchy. They are distinctly different from one another.
Violence and chaos are orthogonal to the idea of anarchy. Anarchy is simply the idea of 'a society free of the State'. That's literally the definition. Many anarchists (I call them crazy people) espouse violent revolution and destruction, but not all anarchists believe that, and indeed, is NOT what anarchy _is._
Indeed, anarchists like me aim for the elimination of the State, but not at the expense of innocent lives and private property. The revolution _can_ (and must) be peaceful via education and leadership by example.
For the record, I am an anarcho-capitalist (ancap for short). We believe in private property, the non-aggression principle (NAP), and completely voluntary exchange of goods and services. Note that the non-aggression principle allows for the use of force in self-defense ONLY, and ONLY in _response_ to an initiation of force by another.
I understand your confusion. There is a lot of propaganda out there.
"There has to be some type hierarchy"
You are absolutely correct. Anarchy is NOT the same thing as an absence of hierarchy, rather it allows for hierarchies to organically form, exist, and evolve freely and naturally.
Anarchists (especially anarcho-capitalists like myself) espouse free markets and voluntary associations. Private property is naturally an absolute requirement, as is the privatization of ALL state functions.
The most stable and free hierarchies are those that are emergent in a free marketplace of ideas.
@@Nicholas_Terry Explain to me how you can advocate for private property rights, yet not permit any authority to enforce that right. I can't envision a world in which there is NOT hierarchy that enforces private property rights. If I own a ranch, and my neighbor wants a portion of my land to graze his cattle, how do I stop him from simply fencing in my property for his own use? Do I simply tear down the fence? There is a cost in doing that. Do I tell him to pay to tear down the fence? How do I enforce that edict?
Explain it to me because I LOVE the concept of NO GOVERNMENT but I don't see the practicality of it.
Point being if everyone respects each other's privacy, no one would be infringing on someone else's property. That's where right of self preservation comes in.
Increíble ! Que manera tan simple y hermosa de explicar los fundamentos del ser humano como individuo.
Amen sister!
Minus the music, this is a great lecture.
8:54 need-to-understand
I think she's criticizing the social contract, as described by Jean-Jacques Rousseau.
My ideas also correspond with reality ⭐️
where can I get the unedited version of this speech??
On the Ayn rand Institute's website. They have the raw audio.
I have a problem with how the depression started. I thought that the government interfered after the depression started and that it was speculation in the stock market which caused the depression.
The free market has "no press" agents. No it has plenty of agents and defenders in the US Ivory tower. American University Business schools, Schools of Government, and Schools of Economics are totally dominated by the believers in capitalism, a capitalist government and capitalist superiority.
@@kimobrien. have you been to a liberal arts college XD
By a rapid decrease in over-leveraged stock prices and most probably accelerated by protective legislation inhibiting free trade. Smoot-Hawley by name.
> speculation in the stock market which caused the depression.
The Fed's counterfeiting of money and credit in the 1920s funded unsustainable investments in stocks and housing. This wasted always limited resources that should have been invested with the market as guide. The result was the 1929 Depression. The increased govt economic controls of Hoover and FDR caused the Great Depression. The Great Depression ended after WW2 when Congress abolished some controls.
Mainly caused by the easy credit created by the central bank followed by unrealistic stock speculation then followed by government intervention.
Omg, I'm so thankful to ARI.
If people are free to pursue their own goals the inventions they create will benefit everyone.
Brilliant presentation! But real life isn't like that. I hope some day it will be.
It's up to us to espouse to live by those ideas! Just listening to Ayn Rand's philosophy doesn't make it happen. We have to do our part unless we are weak cowards!!
That bloody music makes it hard to focus on her ideas.
lmfaoooooo
35:02 "The imitators are constantly being beaten by the innovators" followed by images of the light bulb. Hilarious.
Edison and Tesla AC vs DC? I don't think Telsa invented the incandescent bulb though..?
@@Veldtian1 Neither did Edison. The incandescent bulb went through a number of changes from its first design. It's basic advantage is its cheap to build and can be designed to work on any stable voltage source commonly available from as low as that of 1.25 volts and as high as 277 volts. Since they are almost a pure resistive load the same bulb works on DC or AC on any common low frequency power source at the same voltage. No special current limiting or spark initiation circuitry is required. It is usually the lowest efficiency way to create light from an electricity.
This is a flaw of Ayn Rand. She died before the cheaters and rip off artists ruined this nation, and the mass's values and morals got trashier and trashier. The cheaters deregulated international production and outsourced everything, so that the imitators have since been forever beating the innovators and inventors and even the hard working producers. She did not foresee corporate elite globalist rip off artists stealing all of the wealth through deception (they own the media), trickery (they infiltrated the government in order to change the laws so they could cheat and steal more), and they gutted the country over the last 50 years of all manufacturing, jobs, and production. And they hide their money in offshore bank accounts to lie and cheat further.all that valiant honest production in this movie has been lost since her era. And her idealism only works with a base foundation of altruism and morality with a lack of force. She was unrealistic. Even in her era, you can't have a major sport with out a major referee staff. Cheaters cheat!
@@gordonquigg9389 "globalists" "cheaters" "trickery" nice one dude
@@gordonquigg9389She knew, the fountainhead deals with many of these themes, I think the bigger flaw is that everything you outline is the result of those individuals acting in their rational self-interest at a global scale. if you can get things cheaper elsewhere, why shouldn't you? I think she would argue that individuals don't have a responsibility to the nation much less hard working producers who are too expensive to compete. She was writing at a time when America was mired in the Cold War and capitalism stood in stark contrast to socialism. Now capitalism rules and her chickens have come home to roost.
This video could not be more clear.
🙏🏾🗽
Ancaps where u at?
Gid Chang Anarcho-Capitalists like watching videos of Murray Rothbard and dislike Objectivists and Ayn Rand!
they all died in a war over the monopoly of force
Babies first political philosophy
Cowering under rocks until she stops talking. After that, they go forth aping her, practising the fallacies Rand introduced here. Context omission and theft of concept.
😆
Just to note that ALLLLL of these points were made a bit back before her by Nietzsche. Not so lectury, but more precisely, and concisely. I wonder if she did get some or most of her ideas from him... for over twenty eight years I have been re-reading Nietzsche and it is clear he must have had an influence on her... Great lecture overall.
Take a look at this video: Ayn Rand, What is the Difference Between Objectivism and Nietzsche's Philosophy. ruclips.net/video/U6gV1MUSXMg/видео.html
Leonard Peikoff showed what's wrong with Nietzsche in his lectures on philosophy series.
@@borisreitman
Even I can tell you what is WRONG with Nietzsche, but what is wrong with him pales in comparison to what is RIGHT about him and his thoughts.
People went to the moon, and sure I can tell you what things they did wrong before and during the trip, but they WENT TO THE MOON and succeeded, what went right is way more than what went right, it is a product of their times. Get it??
Denying Nietzsche because his truths are hard and harsh is not logical.
I can tell you the many many people who have shown what is RIGHT with N.... but what for?? All I see is Rand took many concepts from him.
@@ggrthemostgodless8713 The good thincs in Nietzsche are not his original thinking. It comes from Aristotle, the only philosopher Ayn Rand stated as reference. Also, the idea of the greatness of man was the prevalent idea in Greece. You can see this in that their mythology had men, not animals, as gods.
@@borisreitman
I don't even know what to say to THAT... we just have to agree to disagree. But Rand's "philosophy" is not even a philosophy.
Enough said.
Good luck. At least we are all searching.
I'm not trying to be disrespectful, but does someone have a link to the same lecture but without all that annoying music ?
I am always taken aback by how repellant Ayn Rand’s opinions are to many of the “Thinkers” of today. The level of dismissiveness that they use to denounce her is proof positive of the bankruptcy of THEIR ideas.
A key axiom of human nature was identified by Henry George, who observed that we seek to satisfy our desires with the least exertion; and, therefore, we have a strong propensity to attempt to monopolize natural opportunities. This observation somehow evaded Ayn Rand's attention and consideration. And, this prevented her from seeing that monopolization of the planet, of land and natural sources, must be prevented if a society -- if humanity -- is ever to benefit by the inherently positive characteristics of capitalism.
Capitalism, like any human construct, has risks and benefits that change with the times. With the 18th century emergence of science and technology, Adam Smith’s free market construct was very beneficial for the social conditions of the time. The games that are now played in the free market are changing the value of original capitalism. Currency is no longer just a reward and a motivator for us commoners, it’s a controlling human construct giving power to the arrogant-a winner take all paradigm based on usury, not productivity.
Reality is overlooked in this lecture of capitalism. Currency, in reality, is actually useless...energy is the only thing that makes anything in this universe happen...Including rational and irrational thought.
“There is no scientific study more vital to man than the study of his own brain. Our entire view of the universe depends on it.”
― Francis Crick
Look deep into nature, and then you will understand everything better. - Albert Einstein
History is replete with the consequences of becoming overly immersed in an artificial human construct...and ignoring reality...the ignoring of quantum physics...the ignoring of the human brain. He shrugged!
....
ONLY under capitalism the monopoly is NOT possible. Read it once more.
Henry George's statement just means that we want to automate things, so that we can focus on other more challenging and interesting things. There's never an end in this climb. There is also never an end in natural opportunities or natural resources.
That's not an axiom; it's a metaphysical musing. Something like that is totally impossible to measure or study in a scientifically rigorous fashion.
@@garyraab9132 In short, the promise of "capitalism" has never been realized because the ownership of capital goods (i.e., tangible wealth) has never become universal. And why not? Because the laws of every society increasingly become dominated by monopoly privilege and inherited hierarchy.
I love this video more than I love myself
Ayn Rand would be the first person to strongly disapprove of that statement. Rather, you should love her ideas BECAUSE you love yourself, and your life.
Cool.