Have a hug. Read Atlas Shrugged.

Category: Discover Capitalism™ (Page 3 of 5)

Real life (not online) discussion and study of Capitalist Ideals, principles, history.

Businessman’s Self-Defense Kit, Economic Foundations of Freedom

Tonight at our weekly Discover Capitalism ™ meeting we studied The Economic Foundations of Freedom by Ludwig Von Mises. Here’s an excerpt …

Representative government is the political corollary of the market economy.

The same spiritual movement that created modern capitalism substituted elected officeholders for the authoritarian rule of absolute kings and hereditary aristocracies.

It was this much-decried bourgeois liberalism that brought freedom of conscience, of thought, of speech, and of the press and put an end to the intolerant persecution of dissenters.

… And The Businessman’s Self-Defense Kit by Nicholas Provenzo. An excerpt …

I hold that everyone in the free market is a producer, or someone who has the fruits of someone else’s productivity bestowed upon him.

Accordingly, I hold that to understand the principle that animates the free market, it is inappropriate to look at the people in the market as either producers or consumers. I’m not a producer from 9 to 5 and a consumer the rest of the day. Neither are you.

We are all producers who seek trade with other producers on mutually agreed upon terms, to mutual advantage.

Is there anything more uplifting than talking about Capitalism? No!

I feel so Capitalissimo!


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Discover Capitalism: Ayn Rand’s, The Establishing of an Establishment

At the weekly Discover Capitalism meeting here in Melbourne last night we studied Ayn Rand’s 1972 essay, The Establishing of an Establishment.

In this essay, Ayn Rand discusses how it’s not only Government censorship which causes intellectual stagnation in a culture. Governmental encouragement – through funding – does it too. It’s not a direct effect, however.

Ayn Rand details the mechanisms involved, focusing on a particular example: The funding of the Behavioralist School of psychology – B F Skinner – author of “Beyond Freedom and Dignity” – being its best known proponent at the time.

One of the problems with government funding/encouragement, especially in the social sciences, is that it makes politicians and beauracrats arbiters of thinking and ideology.

This has been one of my concerns in the recent complaints made against Australia’s taxpayer funded TV and radio network, The ABC.

The gripe has been that ABC presenters and shows are heavily biased towards leftist views. Anti-American, anti-Israel, anti-capitalist, etc.

The proposed solution has been to do something like find a “Phillip Adams of the Right” or get more “conservative” presenters and shows. This is a bad move which I believe will make things worse than they already are.

Why? Because it sets up government officials as arbiters of ideology. What is “conservative” or “right wing”? How will the right “mix” of viewpoints be determined? Who will decide this? How will they decide it? It can’t be done and it shouldn’t be done – or even attempted.

It’s bad enough the state funds this idiotic enterprise which undermines the values of liberty, private property, individual rights. To now try to micro-manage its ideology, steps way over the bounds of the proper role of government.

This proposed “solution” reminds me of another counter-productive idea that is now entrenched. Namely, work-for-the-dole. This has to be one of the dumbest ideas I’ve ever come across.

Since it is government which maintains unemployment by restricting the labour market by such measures as minimum wage laws and so-called “unfair” dismissal laws, then the government has some responsibility to provide a safety net of some sort. i.e. the dole. As long as the government restricts labour market flexibility and freedom, the dole is valid.

What the labor market needs is not another layer of bureaucracy in charge of forcing people to work in bogus jobs. We need deregulation. We needs the free market.

And, as for The ABC, privatize the bastard.

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Discover Capitalism: History of Science

Tonight’s meeting studied the development of Science in the mid to late 18th Century.

We looked at the development of various ideas – such as the identification of Oxygen and other elements – including the final upheaval of the Earth, Wind, Fire, Water model.

The discussion investigated:

How even in those cases where ideas have now been supersede – the Scientists and Inventors demonstrate GOOD methodology.

How the methodology of OBJECTIVITY is in fact the methodology of DISCOVERY!

How the advancement of Science went hand-in hand with the development of Capitalistic Ideals: The ideals of free thinking and free trade.

How great minds proliferate in free societies. And how creative individuals tend to move towards the freest countries/regions.

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Wafa Sultan: Part 2

At tonight’s meeting we studied the second half of the Wafa Sultan interview on Al-Jazeera TV. The primary focus was to understand the mentality of those who defend and excuse oppressive Islamic regimes – as well as to study Wafa Sultan’s analysis of the problems of Islam today.

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