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Saturday, October 1, 2016

Ayn Rand Refused to Renounce the Concept of “Capitalism”

“Both “capitalism” and “selfishness” have had such a negative conceptual history that Rand needed to reclaim these concepts and to recast them in a new nondualistic framework. Branden remarks that he had told Rand of his preference for the word “libertarianism” as an alternative to “capitalism,” since the latter term had been coined by anticapitalists. For Branden, “libertarianism” signified a broader, philosophical characterization and addressed the issues of social, political and economic freedom. But Rand refused to renounce the concept of “capitalism,” and she rejected any attempt to couch her ethos of rational selfishness in more neutral terms.”

Source: ‘Ayn Rand: The Russian Radical’ by Chris Matthew Sciabarra; Chapter: "A Libertarian Politics"

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