- Sharon McCann
- Landenberg, PA
- United States
This conversation is closed.
Has Objectivism been bad for Capitalism and Democracy?
Ayn Rand's Objectivism has been in the forefront of what became economic philosophy for the U.S. for the last three decades. The current economic travails of the U.S. and the Eurozone are directly related to neo-liberal economics, which comes from a rigid laisse-faire approach to markets. However, the charge is that government intervention society and economics has been what caused this crash.
For example: America's dreadful healthcare system is both the best in the world and the worst in part due to the profit motive; and it is in the form that it is as a response to Roosevelt's very socialist approach to wage controls following WWII. So has objectivism been bad for us or do we need more of it?