Capitalism: Who Needs It—Ayn Rand and the American System
By Yaron Brook Recorded June 9, 2010
Capitalism is under siege. The social-economic system that made
America the land of opportunity, freedom and explosive growth is under
attack. Many blame the greed and self-interest of Capitalists for
today’s economic morass. Others wonder how and why the events in Ayn
Rand’s novel, Atlas Shrugged, could so closely parallel today’s events.
In this talk, Yaron Brook provides evidence that today’s crisis is a
failure of the un-free market. Massive government intervention, from
Washington’s affordable-housing crusade to the Federal Reserve’s
easy-money policies, laid the groundwork for the crisis which culminated
in TARP and the various stimulus packages. Likewise, Medicare and
Medicaid laid the groundwork for the government’s most recent massive
takeover of health care. Dr. Brook evaluates the government’s latest
actions and suggest alternatives.
Dr. Brook also explains why the free market has taken the blame for a
crisis caused by government intervention, and why it is that
self-interest and the profit motive are the reasons that capitalism is
the only moral social-economic system. His talk provides some hints of
why Ayn Rand’s provocative philosophy is the only explanation that makes
sense of today’s events.