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Ayn Rand - In Defence of Capitalism

Ayn Rand - In Defence of Capitalism

(9:52) Ayn Rand (1905 - 1982) was a Russian/American novelist and philosopher, best known for the philosophy she called Objectivism, that put happiness of the individual above everything else. She is highly admired by libertarians and American conservatives, others argue she is a root cause of the corporatism that rules the world today.

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Guest: pablo w (2226 days ago)
this woman was a f u c k ing stark raving lunatic!!!! Under every political viewpoint. and now the American VP candidate counts Ayn Rand as an important writer. Absolute gold for corporatism!
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this woman was a f u c k ing stark raving lunatic!!!! Under every political viewpoint. and now the American VP candidate counts Ayn Rand as an important writer. Absolute gold for corporatism!
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WalterEgo WalterEgo (2227 days ago)
I wonder how her atheism goes down in Republican circles?
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I wonder how her atheism goes down in Republican circles?
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LogicIsPower LogicIsPower (2221 days ago)
WTF! people actually listen to her? someone please explain this to me. What kind of world would this create? What type of society are we actually trying to build here people? Would her ideals actually help us?
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WTF! people actually listen to her? someone please explain this to me. What kind of world would this create? What type of society are we actually trying to build here people? Would her ideals actually help us?
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Guest: Randy An (2225 days ago)
Damn straight.
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Damn straight.
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Guest: steve-o (2227 days ago)
It is brilliant to deconstruct the evolution of society and to place first the wants of the individual right down to serial killing, rape, mutilation and extreme greed? Why did we come this far then and what was the point if the most important thing is gratifying an individuals wants no matter how peverse, crude, base and destructive? Might as well have stayed cavemen - according to Ayn, bashing your wife over the head with a rock and raping her defines you as a REAL man. Brilliant? Deluded and prehistoric.
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It is brilliant to deconstruct the evolution of society and to place first the wants of the individual right down to serial killing, rape, mutilation and extreme greed? Why did we come this far then and what was the point if the most important thing is gratifying an individuals wants no matter how peverse, crude, base and destructive? Might as well have stayed cavemen - according to Ayn, bashing your wife over the head with a rock and raping her defines you as a REAL man. Brilliant? Deluded and prehistoric.
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Guest: Kerry (2226 days ago)
She was realist.She never advocated bashing and raping any one.As far as I know she was an advocate of the rule of law,sadly lacking in this and previous administrations.Many misconstrue the greed principle.Greed is another name for ambition,just emotionally charged.We are all greedy to a degree,we don't call it that but we all want the best for ourselves and family.It is that drive that makes entrepreneurs to create companies and wealth,not to employ people with lesser drive but for their own benefit,the jobs etc. are a public benefit of that desire...greed if you will so in that case greed is good.
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She was realist.She never advocated bashing and raping any one.As far as I know she was an advocate of the rule of law,sadly lacking in this and previous administrations.Many misconstrue the greed principle.Greed is another name for ambition,just emotionally charged.We are all greedy to a degree,we don't call it that but we all want the best for ourselves and family.It is that drive that makes entrepreneurs to create companies and wealth,not to employ people with lesser drive but for their own benefit,the jobs etc. are a public benefit of that desire...greed if you will so in that case greed is good.
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Guest: (2224 days ago)
I can tell you don't read much by your poor use of space characters. If you read more you would notice the convention of putting a space after commas and full stops.
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I can tell you don't read much by your poor use of space characters. If you read more you would notice the convention of putting a space after commas and full stops.
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Guest: Kerry (2222 days ago)
Sorry. I spend more time reading and thinking about the words than the spaces in between....
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Sorry. I spend more time reading and thinking about the words than the spaces in between....
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Blong Blong (2222 days ago)
Maybe you should spend more time on the spaces, give your thinking a bit of a rest.
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Maybe you should spend more time on the spaces, give your thinking a bit of a rest.
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Guest: Andy Ran (2225 days ago)
The thing to be aware of is just how many people of serious money and influence actually believe this dangerous nonsense. They have the Republican Party right where they want it too.
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The thing to be aware of is just how many people of serious money and influence actually believe this dangerous nonsense. They have the Republican Party right where they want it too.
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Guest: rossglory (2227 days ago)
stark staring mad.....and who else was an avid acolyte.....that champion of the failed free market, greenspan.
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stark staring mad.....and who else was an avid acolyte.....that champion of the failed free market, greenspan.
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Guest: rossglory (2226 days ago)
'There has never been a free market in your life time' - you're right. but he was a champion of non-intervention in the business cycle and deregulation and this failed abysmally.
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'There has never been a free market in your life time' - you're right. but he was a champion of non-intervention in the business cycle and deregulation and this failed abysmally.
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Guest: Kerry (2221 days ago)
Nope. The operative word is WAS. He IS the champion of intervention, unlimited money supply etc. he is not called 'Bubbles' Greenspan for nothing, soon to be out done by Bernanke, all to save a corrupt political system which then blames free market capitalism for all govt. mistakes.
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Nope. The operative word is WAS. He IS the champion of intervention, unlimited money supply etc. he is not called 'Bubbles' Greenspan for nothing, soon to be out done by Bernanke, all to save a corrupt political system which then blames free market capitalism for all govt. mistakes.
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Guest: Kerry (2226 days ago)
There has never been a free market in your life time.Free markets include the rule of law,no govt. intervention,sound money,letting failures fail etc. Greenspan manipulated the money supply and interest rates,the very basis of the free market,he cannot be equated with the free market.
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There has never been a free market in your life time.Free markets include the rule of law,no govt. intervention,sound money,letting failures fail etc. Greenspan manipulated the money supply and interest rates,the very basis of the free market,he cannot be equated with the free market.
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Guest: (2226 days ago)
Markets were imposed by rulers on conquered lands historically. They are mechanisms of wealth extraction - money/markets/taxes where introduced for this purpose. Sound money cannot exist, all money is intrinsically worthless yet becomes the most valuable commodity in a market economy particularly to the issuers or mine owners. Adam Smith understood this paradox. The ideology of free markets you hold to is propaganda/mythology designed to hide the building of empire. And like all empires before, America's is based on military dominance, currency and propaganda. If you remove any of these the empire crumbles and with it wealth.
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Markets were imposed by rulers on conquered lands historically. They are mechanisms of wealth extraction - money/markets/taxes where introduced for this purpose. Sound money cannot exist, all money is intrinsically worthless yet becomes the most valuable commodity in a market economy particularly to the issuers or mine owners. Adam Smith understood this paradox. The ideology of free markets you hold to is propaganda/mythology designed to hide the building of empire. And like all empires before, America's is based on military dominance, currency and propaganda. If you remove any of these the empire crumbles and with it wealth.
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Guest: Kerry (2225 days ago)
Your last sentence destroys your whole argument. Money is the key,you can't fight wars without loads of it.In your Keynesian world of fiat currency wars can be embarked upon at will,with money supply restricted it would be political suicide...empires go bust for that very reason.
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Your last sentence destroys your whole argument. Money is the key,you can't fight wars without loads of it.In your Keynesian world of fiat currency wars can be embarked upon at will,with money supply restricted it would be political suicide...empires go bust for that very reason.
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Guest: (2224 days ago)
You don't do comprehension do you. Just dump repeater node.
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You don't do comprehension do you. Just dump repeater node.
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Guest: Kerry (2222 days ago)
Why are you so angry? Why do you fear ideas different from your own....you must learn to let go....
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Why are you so angry? Why do you fear ideas different from your own....you must learn to let go....
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Guest: (2222 days ago)
Typo above - 'dumb repeater node'.
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Typo above - 'dumb repeater node'.
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Guest: (2226 days ago)
Mrs Thatcher believed in the free market without regulation or goverment intervention..Just like this idiot women..Human greed was then allowed to run riot and look where it led us. In the UkK the oil has been given to wealthy oil corporations for tax only and is about to run out..All our utillities have been sold to foriegn companies and our country de industrialised.We are about to fail as a nation thanks to unbridled de-regulated capitalism.
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Mrs Thatcher believed in the free market without regulation or goverment intervention..Just like this idiot women..Human greed was then allowed to run riot and look where it led us. In the UkK the oil has been given to wealthy oil corporations for tax only and is about to run out..All our utillities have been sold to foriegn companies and our country de industrialised.We are about to fail as a nation thanks to unbridled de-regulated capitalism.
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Guest: (2226 days ago)
De-regulated capitalism is the method by which countries have been turned into colonies of the USA. Its the same trick con artists use - use peoples greed against them. Thatcher wasn't brite enough to understand this, thinking that money equals wealth. Therefore selling of industry, selling off north sea oil cheap etc. and making a select few extremely wealthy was the 'right thing to do'. Its amazing how the greedy use moralisms to justify their greed and funny that they were actually being scammed at the same time.
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De-regulated capitalism is the method by which countries have been turned into colonies of the USA. Its the same trick con artists use - use peoples greed against them. Thatcher wasn't brite enough to understand this, thinking that money equals wealth. Therefore selling of industry, selling off north sea oil cheap etc. and making a select few extremely wealthy was the 'right thing to do'. Its amazing how the greedy use moralisms to justify their greed and funny that they were actually being scammed at the same time.
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Guest: Kerry (2222 days ago)
Who in their right mind would sell the goose that lays the golden egg? Govt. thats who. You'd rarely see the private sector do that,that is why you must get govt. out of the picture apart from enforcing the rule of law. You have been fooled into thinking corporatism is free market capitalism,it's not.
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Who in their right mind would sell the goose that lays the golden egg? Govt. thats who. You'd rarely see the private sector do that,that is why you must get govt. out of the picture apart from enforcing the rule of law. You have been fooled into thinking corporatism is free market capitalism,it's not.
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Guest: (2222 days ago)
I haven't been fooled into thinking 'corporatism is free market capitalism'. I do however have knowledge of the historical development of western civilisations including how your dream of pure 'capitalism' has never existed in the past and cannot exist in the future. The trick to understanding this is in understanding the history of money and debt and in particular how barter economies didn't peacefully evolve currency and debt as the stories of economists would have you believe. Instead they came about via conquest, exploitation and a realisation that slavery wasn't very practical. A pure free market system would give all power to banks and would therefore be more like a dictatorship.
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I haven't been fooled into thinking 'corporatism is free market capitalism'. I do however have knowledge of the historical development of western civilisations including how your dream of pure 'capitalism' has never existed in the past and cannot exist in the future. The trick to understanding this is in understanding the history of money and debt and in particular how barter economies didn't peacefully evolve currency and debt as the stories of economists would have you believe. Instead they came about via conquest, exploitation and a realisation that slavery wasn't very practical. A pure free market system would give all power to banks and would therefore be more like a dictatorship.
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Guest: Kerry (2221 days ago)
The free market is not perfect, I never said it was, but it does reign in and checks excesses. Like nature there is no balance, just re-balancing. It's when you get govt. intervention you get distortions in the markets. Your " knowledge of the historical development of western civilisations " I would suggest is of a typical liberal bent,probably Isaiah Berlin, and is of no more relevance than the economists you mention. Banks get their power form the ability to create money,usury, take that ability away,with sound money ,and prosecute usury,the rule of law, and you have solved that problem. I would surmise you are a Keynesian and it always puzzles me how you are for the very policies that end in the very thing you seem to abhor ie. monied power.
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The free market is not perfect, I never said it was, but it does reign in and checks excesses. Like nature there is no balance, just re-balancing. It's when you get govt. intervention you get distortions in the markets. Your " knowledge of the historical development of western civilisations " I would suggest is of a typical liberal bent,probably Isaiah Berlin, and is of no more relevance than the economists you mention. Banks get their power form the ability to create money,usury, take that ability away,with sound money ,and prosecute usury,the rule of law, and you have solved that problem. I would surmise you are a Keynesian and it always puzzles me how you are for the very policies that end in the very thing you seem to abhor ie. monied power.
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Guest: (2221 days ago)
"The difficulty lies, not in the new ideas, but in escaping from the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds." - John Maynard Keynes. Good to see you are mostly using spaces now :) Do you actually know anything about Keynes? Like bancor for example? And that America's rejection of the idea at Bretton Woods resulted in the Triffin paradox which is the underlying cause of Americas debt problem and militarism?
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"The difficulty lies, not in the new ideas, but in escaping from the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds." - John Maynard Keynes. Good to see you are mostly using spaces now :) Do you actually know anything about Keynes? Like bancor for example? And that America's rejection of the idea at Bretton Woods resulted in the Triffin paradox which is the underlying cause of Americas debt problem and militarism?
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Guest: Kerry (2220 days ago)
Now you're on to something. The Triffin paradox is a theory, but I would use the word excuse,to print more money. Keynesians seem to have no problem with this most basic rule against economic theory. I think Keynes himself was not for the excesses we see today but that's the result of his theory of govt. stimulus when the private sector is lacking. Also interesting is Keynes linking of the Bancor to a gold backing...sound money. The Austrians on the other hand saw what was coming and could explain it. Americans debt and militarism is a direct result of being able to create money at will out of thin air absent any restraint..sound money. Any economist should be appalled...as I'm sure Keynes would be... Well I'm glad you noticed the spaces, it was some thing I was unaware of, I'm just out of analogue mode and continuing to learn....
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Now you're on to something. The Triffin paradox is a theory, but I would use the word excuse,to print more money. Keynesians seem to have no problem with this most basic rule against economic theory. I think Keynes himself was not for the excesses we see today but that's the result of his theory of govt. stimulus when the private sector is lacking. Also interesting is Keynes linking of the Bancor to a gold backing...sound money. The Austrians on the other hand saw what was coming and could explain it. Americans debt and militarism is a direct result of being able to create money at will out of thin air absent any restraint..sound money. Any economist should be appalled...as I'm sure Keynes would be... Well I'm glad you noticed the spaces, it was some thing I was unaware of, I'm just out of analogue mode and continuing to learn....
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Guest: (2220 days ago)
Grow up. Pretending that you understood all along is retarded. Face it, you've been told gold good, paper bad and you don't understand anything beyond that. Austrian school economics is only good for selling gold to morons in recessions. Learn some ******* history!
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Grow up. Pretending that you understood all along is retarded. Face it, you've been told gold good, paper bad and you don't understand anything beyond that. Austrian school economics is only good for selling gold to morons in recessions. Learn some ******* history!
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Guest: Kerry (2219 days ago)
What have I been pretending? What are you on about? Assuming you are the same 'Guest' why do you go of on tangents? As for history, not to mention the present, it is you who needs to learn something. Don't tell me you didn't buy gold or silver, ie sound money, when it was sooo obvious they were inflating the money supply....no, as a Keynesian you wouldn't...and so reality bites you on the arse and you don't like it. When they stop inflating, have market related interest rates or more importantly some thing close to a free market THEN will be the time exchange your gold but we have a long way to go before the Keynesians like you are kicked out and disproven once and for all. You are just like the status quo, extend and pretend everything is alright.....go for it. Not just history but the present is proving you sooo wrong.
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What have I been pretending? What are you on about? Assuming you are the same 'Guest' why do you go of on tangents? As for history, not to mention the present, it is you who needs to learn something. Don't tell me you didn't buy gold or silver, ie sound money, when it was sooo obvious they were inflating the money supply....no, as a Keynesian you wouldn't...and so reality bites you on the arse and you don't like it. When they stop inflating, have market related interest rates or more importantly some thing close to a free market THEN will be the time exchange your gold but we have a long way to go before the Keynesians like you are kicked out and disproven once and for all. You are just like the status quo, extend and pretend everything is alright.....go for it. Not just history but the present is proving you sooo wrong.
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Guest: (2219 days ago)
Latest comment: Hahaha, you don't understand shit, but are convinced you're right. LOL
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Latest comment: Hahaha, you don't understand shit, but are convinced you're right. LOL
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Guest: Pete001 (2227 days ago)
Rosa Klebb surely?
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Rosa Klebb surely?
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Guest: Guest of Guests (2226 days ago)
Her ideas were never implemented. THe last time this country was firmly in the hands of conservative leadership and wanted that was after World War 2 and before the sixties "revolution". We have been under the malaise of the New Deal ever since
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Her ideas were never implemented. THe last time this country was firmly in the hands of conservative leadership and wanted that was after World War 2 and before the sixties "revolution". We have been under the malaise of the New Deal ever since
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Guest: (2227 days ago)
Its a pity she didn't live long enough to see how her ideas turned out!
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Its a pity she didn't live long enough to see how her ideas turned out!
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Guest: (2225 days ago)
TWAT!
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TWAT!
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Guest: Kerry (2227 days ago)
Brilliant woman.
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Brilliant woman.
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WalterEgo WalterEgo (2227 days ago)
Brilliant? But she's been proven wrong - by experiment over the past 30 years.
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Brilliant? But she's been proven wrong - by experiment over the past 30 years.
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Guest: Kerry (2226 days ago)
What experiment is that Walter? True free market capitalism as she believed in has never been tried,instead her words come back to haunt us as being the truth she knew. "Money is the barometer of a society's virtue. When you see that trading is done , not by consent but by compulsion - when you see that in order to produce you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal not in goods but in favors - when you see that men get richer by graft and pull than by work, and your laws don't protect you against them, but protect them against you- when you see corruption being rewarded and honesty becoming a self sacrifice- you may know that your society is doomed" - Ayn Rand I'm sure even you would agree with this famous quote of hers Walter...
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What experiment is that Walter? True free market capitalism as she believed in has never been tried,instead her words come back to haunt us as being the truth she knew. "Money is the barometer of a society's virtue. When you see that trading is done , not by consent but by compulsion - when you see that in order to produce you need to obtain permission from men who produce nothing - when you see that money is flowing to those who deal not in goods but in favors - when you see that men get richer by graft and pull than by work, and your laws don't protect you against them, but protect them against you- when you see corruption being rewarded and honesty becoming a self sacrifice- you may know that your society is doomed" - Ayn Rand I'm sure even you would agree with this famous quote of hers Walter...
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Guest: (2226 days ago)
I guess she couldn't get her tiny brain around money, its history, function etc. Shame that most of her followers couldn't either, and I'm including Friedman and Greenspan. What you need to understand is that rejecting emotions in order to be more rational is itself irrational. Only a small part of our 'intelligence' comes from conscience thought. The rest is emotional intelligence e.g. intuition. That's why Objectivism attracts people with low emotional intelligence and empathy. These kinds of people tend to have a problem with 'theory of mind' - understanding that others have beliefs, desires, and intentions that are different from one's own. This creates a certainty that justifies scheming, manipulating and propagandizing to obtain power and therefore forms a kind of infection that cannot be shaken without the destruction of power structures. This is what America seems to be experiencing, it has nothing to do with 'pure capitalism', which cannot exist anyway, and everything to do with the ponerisation of power structures. You can thank Ayn Rand for that!
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I guess she couldn't get her tiny brain around money, its history, function etc. Shame that most of her followers couldn't either, and I'm including Friedman and Greenspan. What you need to understand is that rejecting emotions in order to be more rational is itself irrational. Only a small part of our 'intelligence' comes from conscience thought. The rest is emotional intelligence e.g. intuition. That's why Objectivism attracts people with low emotional intelligence and empathy. These kinds of people tend to have a problem with 'theory of mind' - understanding that others have beliefs, desires, and intentions that are different from one's own. This creates a certainty that justifies scheming, manipulating and propagandizing to obtain power and therefore forms a kind of infection that cannot be shaken without the destruction of power structures. This is what America seems to be experiencing, it has nothing to do with 'pure capitalism', which cannot exist anyway, and everything to do with the ponerisation of power structures. You can thank Ayn Rand for that!
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Guest: Kerry (2225 days ago)
Psychobabble and absolute BS. Libertarians uphold the right of the individual to do,feel what ever they want without coercion from anyone as long as you don't trample on anyone elses abillity to do the same.That is the epitome of understanding and going along with people of different beliefs,feelings etc.
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Psychobabble and absolute BS. Libertarians uphold the right of the individual to do,feel what ever they want without coercion from anyone as long as you don't trample on anyone elses abillity to do the same.That is the epitome of understanding and going along with people of different beliefs,feelings etc.
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Guest: (2225 days ago)
"no man's activity is so completely private as never to obstruct the lives of others in any way. 'Freedom for the pike is death for the minnows'" - Isaiah Berlin. Your rejection of what you do not understand - "psychobabble and absolute BS" - is common and demonstrates the irrationality required to accept the logical facilities core to your 'libertarian' beliefs. The source of which was a deliberate attempt to manipulate 'libertarian socialist' ideals back into the capitalist fold after the all too common 'failure of capitalism'. But please, keep thinking you understand capitalism, you are unique, no one before you has understood it the way you have, really!
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"no man's activity is so completely private as never to obstruct the lives of others in any way. 'Freedom for the pike is death for the minnows'" - Isaiah Berlin. Your rejection of what you do not understand - "psychobabble and absolute BS" - is common and demonstrates the irrationality required to accept the logical facilities core to your 'libertarian' beliefs. The source of which was a deliberate attempt to manipulate 'libertarian socialist' ideals back into the capitalist fold after the all too common 'failure of capitalism'. But please, keep thinking you understand capitalism, you are unique, no one before you has understood it the way you have, really!
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Guest: Kerry (2225 days ago)
What another load of rubbish.Are you seriously suggesting what I do in my own bath,for eg. affects some one else? Sounds lofty but unlike Rands assertions ,carry very little weight in real life as in the quote above.You completely ignore the fact that capitalism as it is known today is a completely different animal to what Ayn Rand and Libertarians recognize it to be. The fact that the govt. has had an increasing hand in the running of the economy and how the economy has performed today,ie. excessive debt and debt obligations,a bankrupt people and nation shows the results of your belief system,not mine.
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What another load of rubbish.Are you seriously suggesting what I do in my own bath,for eg. affects some one else? Sounds lofty but unlike Rands assertions ,carry very little weight in real life as in the quote above.You completely ignore the fact that capitalism as it is known today is a completely different animal to what Ayn Rand and Libertarians recognize it to be. The fact that the govt. has had an increasing hand in the running of the economy and how the economy has performed today,ie. excessive debt and debt obligations,a bankrupt people and nation shows the results of your belief system,not mine.
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Guest: (2224 days ago)
There is obviously no point trying to get you to understand anything that goes against your beliefs. But please try to realise that there are many, many different perspectives in the world. Fearing what you do not understand is natural, but you should try to overcome that fear. “Fear is the path to the dark side. Fear leads to anger. Anger leads to hate. Hate leads to suffering.” - Yoda.
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There is obviously no point trying to get you to understand anything that goes against your beliefs. But please try to realise that there are many, many different perspectives in the world. Fearing what you do not understand is natural, but you should try to overcome that fear. “Fear is the path to the dark side. Fear leads to anger. Anger leads to hate. Hate leads to suffering.” - Yoda.
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Guest: Kerry (2223 days ago)
Oh Jeezuz,give me a break and stick to the facts please.How about getting you to understand anything but your beliefs? See how silly that remark is.I'm not angry or fearful,where do you get that from? That's half your problem,you're going off feelings and getting everything wrong,how can you possibly know what I or most people feel? Your whole argument is misplaced,no point in carrying on until you start arguing the facts.
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Oh Jeezuz,give me a break and stick to the facts please.How about getting you to understand anything but your beliefs? See how silly that remark is.I'm not angry or fearful,where do you get that from? That's half your problem,you're going off feelings and getting everything wrong,how can you possibly know what I or most people feel? Your whole argument is misplaced,no point in carrying on until you start arguing the facts.
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Guest: (2222 days ago)
Your ignorance is outstanding. Please try reading some other philosophy books other than Ayn Rand. Maybe by Isaiah Berlin as quoted above or John Locke. Theory of mind my friend.
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Your ignorance is outstanding. Please try reading some other philosophy books other than Ayn Rand. Maybe by Isaiah Berlin as quoted above or John Locke. Theory of mind my friend.
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WalterEgo WalterEgo (2225 days ago)
True free-market capitalism has never been tried because it's impossible, but we've gone far enough down that route to get a taste of the consequences. Combine Ayn Rand with human nature, and the result is a society I wouldn't want to live in.
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True free-market capitalism has never been tried because it's impossible, but we've gone far enough down that route to get a taste of the consequences. Combine Ayn Rand with human nature, and the result is a society I wouldn't want to live in.
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Guest: Kerry (2224 days ago)
Not at all Walter,unless you believe in the continuous printing of money and debt and govt. control as the answers to increasing debt,inflation and govt. control...
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Not at all Walter,unless you believe in the continuous printing of money and debt and govt. control as the answers to increasing debt,inflation and govt. control...
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Guest: iknowlessthanyoudo (2224 days ago)
I used to idolize Ayn Rand in my 20s until working inside large corporations and learning how they poisoned air, soil and water and conned investors without penalty helped me realize how dangerous her ideas were.
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I used to idolize Ayn Rand in my 20s until working inside large corporations and learning how they poisoned air, soil and water and conned investors without penalty helped me realize how dangerous her ideas were.
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