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Capitalism: The Unknown Ideal

Capitalism The Unknown Ideal The foundations of capitalism are being battered by a flood of altruism which is the cause of the modern world s collapse This is the view of Ayn Rand a view so radically opposed to prevailing attit

  • Title: Capitalism: The Unknown Ideal
  • Author: Ayn Rand Nathaniel Branden Alan Greenspan Robert Hessen
  • ISBN: 9780451147950
  • Page: 244
  • Format: Paperback
  • The foundations of capitalism are being battered by a flood of altruism, which is the cause of the modern world s collapse This is the view of Ayn Rand, a view so radically opposed to prevailing attitudes that it constitutes a major philosophic revolution In this series of essays, she presents her stand on the persecution of big business, the causes of war, the default oThe foundations of capitalism are being battered by a flood of altruism, which is the cause of the modern world s collapse This is the view of Ayn Rand, a view so radically opposed to prevailing attitudes that it constitutes a major philosophic revolution In this series of essays, she presents her stand on the persecution of big business, the causes of war, the default of conservatism, and the evils of altruism Here is a challenging new look at modern society by one of the most provocative intellectuals on the American scene This edition includes two articles by Ayn Rand that did not appear in the hardcover edition The Wreckage of the Consensus, which presents the Objectivists views on Vietnam and the draft and Requiem for Man, an answer to the Papal encyclical Progresso Populorum.

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    1 thought on “Capitalism: The Unknown Ideal

    1. Do I hate the "philosophical" works of Ayn Rand because I disagree with her, or because they're atrociously written? Both.Capitalism: The Unknown Ideal is below book review. It demands a an even more vulgar form of critique: a list of failures. - Every sentence that contains the word welfare also contains the word Fascist. - She posits that the most oppressed people in the United States are not women, blacks, gays, but-wait for it-rich businessmen (emphasis on "men"). At last a voice for the und [...]

    2. Funny to read a young Alan Greenspan's arguments for eliminating the federal reserve and returning to the gold standard.

    3. This is the cherry that tops the Ayn Rand sundae I've been consuming for the past 2 1/2 years. Capitalism really is an unknown ideal, and it's a shame that it was never given an honest chance to fully manifest. What we have now is nowhere near capitalism- we're on a downward slippery slope to socialismwhich I'm dreading more with each passing law. She had it right all along. I find it amazing that someone could be so dead-on in predicting what the future would be like if we had kept going in the [...]

    4. Do I admire the philosophical works of Ayn Rand because I agree with her, or because they're precisely written? Both.Capitalism: The Unknown Ideal is above book review. It demands a higher level of evaluations: a list of absolutes.- Every sentence that contains the word welfare also contains the word Fascists - so true.- She posits that the most oppressed people in the United States are not women, blacks, gays, but entrepreneurs. The sad truth lies in the fact, that US are but one example of suc [...]

    5. I did not give this 4 stars because I agree with most of it or even half of it. I gave it 4 stars because I do think she did a good job of conveying her ideas, and the essays made me think about my views and examine whether they were based on faulty assumptions. Also, I found this book much easier and more entertaining than other Rand books I've read.Here are just a few issues I had with Rand's ideas. She seems to willfully ignore basic economic concepts such as the tragedy of the commons. ToC i [...]

    6. Ayn Rand #1 for me. I chose this book instead of Atlas Shrugged or The Fountainhead, because this is a subject that I'm vaguely aware of. Rand attacks every economic system other than capitalism. This is by no means an economics treatise. She acknowledges the need for a free-market(no intervention from Govt), why businessmen are the scapegoats for any market failure. Capitalism is the only economic system which protects the individual rights. The period 1814-1914 is the only century marked in hi [...]

    7. What a book! If the Obama administration would read and heed-- Wow, would we ever have an awesome revival of financial abundance and most importantly, FREEDOM, in our country! Ms. Rand is absolutely brilliant.I was especially cheering her on with her ideas of privatizing education. The government has no business being in the business or regulation of education. I didn't agree with everything she said, and I cringed at some of her descriptions of "savages". Nor do I agree with her that capitalism [...]

    8. Most infuriating, I was going to give it two stars, but the consistency and occasional flashes of brilliance forced me to recant and admit it: the book, despite (and because of) its author's frightful dogmatism, succeeds in driving home an ideological agenda masterfully.I still think Virtue of Selfishness is the superior book (mostly because that one is shorter and less of a rant), but Capitalism: The Unknown Ideal is a worthy follow-up.Now, I think all libertarians should steer clear of Rand's [...]

    9. When is this nonsense going to die its long overdue death? This books is a collection of misrepresentations, misunderstandings, straw man arguments, opinions, and conjecture. Some of her musings were never anything more than that, some were proven wrong by science or course of history, but bottom line, when you largely quote your own works of fiction as "proof" for your "theories", you're bound to be wrong at least some of the time. This book is wrong most of the time.

    10. This book is a collection of essays on capitalism. While the book was published in 1986, some essays in the book were written as far back as the 60s. As a compendium of essays can do, without carefully selecting included content, some of the essays seem to stray from the main emphasis of the whole. This seemed to be the case especially in the essay about the Berkely demonstrations. While issues of capitalism were addressed, it didn't have the strong economics emphasis that most of the book had. [...]

    11. I finally finished CAPITALISM: THE UNKNOWN IDEAL by Ayn Rand. I'd been struggling with it, because she writes with a precision and intensity on which my lazy reading style has difficulty focusing. Regardless, she nails it. I'll have to write a book about it sometime. I recommend it. The first 3 chapters are particularly cogent on individual rights and economic freedom. From Chp. 1:"Is man a sovereign individual who owns his person, his mind, his life, his work and its products—or is he the pro [...]

    12. This book is a series of essays by Ayn Rand and others, including former Chairman of the Federal Reserve Alan Greenspan. They were written mostly from 1962 to 1967.Reading these in 2017 is interesting in that it illustrates that the arguments and issues (and even the names!) have not changed in the intervening 50 years. You will read about students at the University of California Berkeley using violence in the name of free speech to suppress speech with which they disagree and California Governo [...]

    13. Ayn Rand was once asked if she could present the essence of her philosophy while standing on one foot. She answered: Metaphysics: Objective Reality; Epistemology: Reason; Ethics: Self-interest; Politics: Capitalism. I first encountered Ayn Rand through her works of fiction as a young woman barely out of my teens. Back then I was already an atheist, one with a great belief in science and reason. There was nothing in her "metaphysics" or "epistemology" that I found the least bit surprising or cont [...]

    14. Although I'm not an 'objectivist', I did love this book. Rand does a great job of giving her philosophy in a compelling way, lots of examples and logical argumentation. I don't agree with her dismissing of faith, but her disagreement is with those using their faith to make illogical arguments concerning economics. I had to agree with her points. Too many jump on the socialism bandwagon that assuming that human nature is 'good' which is the only way for the idealistic view of socialism could ever [...]

    15. The only novel by Ayn Rand I've read is Atlas Shrugged, which, quite frankly, I thought was atrocious. I was interested in the ideas Rand presents in it, but it just doesn't work as a novel, in my opinion. Capitalism: The Unknown Ideal, which Ayn Rand says in the introduction "is a nonfiction footnote to Atlas Shrugged," is far more palatable, since it's just a collection of essays instead of a collection of essays under the guise of fiction.I can't say I agree with everything written by Rand an [...]

    16. My copy of this book is so highlighted and written in that it is almost an entirely different book! One of the great defenses of TRUE capitalism, not the watered down version we have today, which politicians would like us to THINK is a free market. Read it and you will see what I am talking about. Even if you HATE capitalism and think that the world is being run by giant, evil corporations and the only way to keep them in line is to have the government pull the reigns in, you should STILL read t [...]

    17. One of the best books I've ever read on capitalism, period. Easy to read, powerfully written, and unexpectedly profound, Rand covers everything from the introduction of statism into the American economy to crony capitalism to common myths about free markets and the inevitable results of bad philosophy on daily life. Absolutely worth sharing -- will make you wary of commies and leftists in general.

    18. Read it! Read it! Read it! If you want to know why capitalism works read this book! This should be a must read for any public official or anybody who intends to venture into an intellectual debate about the virtues of the various economic systems. This book was the first purely economic book I ever read and started my leg-tingling love affair with studying the free market.

    19. I had just finished reading Adam Smith's "The Wealth of Nations" when I picked this up. I said in my review of Smith's "The Wealth of Nations", that it was the best economics book I had ever read, as it was simple, cogent, and articulate. But now having read Rand's "Capitalism: The Unknown Ideal" I feel I might have to take that back. Rand's book is very easy to understand, just as Smith's was. But Rand's view on capitalism differs in some ways from Smith's. While Rand preached a complete laisse [...]

    20. Capitalism, by Ayn Rand, is a collection of 26 essays that discuss more than what the title would lead you to believe. Most articles were written by Rand, while a few were penned by others including a much younger Alan Greenspan. Rand opens the book with a chapter called "What is Capitalism." Greenspan writes on antitrust law and gold. Economics is rarely exciting, but the authors manage to make in interesting.One editorial review posted on the page for Capitalism states that the book is, "An i [...]

    21. - In 1967 I began undergraduate studies in the College of Letters and Science at the University of Wisconsin. Within a year I had chosen Economics as my major and embarked on a path to fulfill the requirements of that degree. Shortly before, I had discovered the works of Ayn Rand and this volume, which was first published in 1966, joined with volumes of Hayek, Friedman and Mises as part of my auxiliary reading in the economics of capitalism. I say auxiliary because, except in the history of econ [...]

    22. Great title. Ayn Rand makes the point that it is not fair to compare the reality of capitalism, with all of its faults, to a utopian socialist ideal, which socialism's proponents claim has never been tried. Either we should compare the reality of capitalism in the U.S.A. to the reality of socialism in the Soviet Union, or we should compare the capitalist ideal to the socialist ideal. Capitalism in the United States is far from the utopian ideal that Rand envisions, for two reasons. The first rea [...]

    23. This book by novelist and philosopher Ayn Rand, (author of "Atlas Shrugged" and "The Fountainhead") is a treatise on the politico-economic branch of her philosophy of Objectivism. The arguments put forth provide the moral backing that capitalism has always lacked, and without which it is doomed to destruction.The essays included cover a wide range of topics: from the necessity of an economy based on a gold standard, to the reason why a free nation cannot benefit from the initiation of a war, to [...]

    24. The immorality of altruismConventional wisdom has always seemed to say that capitalism is a cut-throat system that rewards selfishness and materialism, leaving most of society out in the cold. Collectivism, on the other hand, is a fair and thoughtful system that provides for society as a whole. I had heard plenty about Ayn Rand over the years, but haven't read any of her books until now. Her contribution to the defense of capitalism is huge as I have never heard such well formed arguments. Rand [...]

    25. Capitalism: The Unknown Ideal was a(nother) really thought-provoking book from the ever subtle Ayn Rand (she is not subtle). At the very least, she is quite consistent (and adamant). Despite managing to quote herself more than any other source, she takes the time to highlight numerous articles from her "Scrapbook of Evil" in order to intellectually disembowel the woeful authors. It is stimulating reading. Seriously. Especially if you enjoy mind-bendingly complicated sentence structure. And tirad [...]

    26. It's an economic perspective that succeeds her virtue of selfishness. It's Ayn Rand. Love her strong writing style, which although at times are brutal, it's still pretty effective in my opinion. I still prefer her virtue of selfishness over this, but still really enjoyed this collection of her essays along with Branden and even Greenspan's essays. Many of the old essays about the capitalism and the Fed are surprisingly still very relevant today. Although the 2008 crash may led many people to hav [...]

    27. Some essay collection mostly by Ayn Rand, and farther articles from her colleague Alan Greenspan, Nathaniel Branden, and Robert Hessen. A complete thought of capitalism, a system, which arises among free individual that relating to reason to prolong one's life is the only way to survive as a human being. It mainly discussed laissez-faire capitalism, and in regards to private property (patents and copyright). It relate today's government current affair. I highly recommend this book to anyone, it [...]

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