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Showing posts with the label Adam Smith and Ayn Rand

Advocates Of Capitalism and Rational Self Interest... Smith and Rand

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by: Les Carpenter Rational Nation USA Birthplace of Independent Conservatism Liberty -vs- Tyranny Adam Smith has been caricatured by some as endorsing greed, much as his modern counterpart Ayn Rand has been by today's political left. The truth is neither were advocating a society driven by greed. Rather both advocated a society driven by rational self interest . Which is to say a free and open market economy. Both Adam Smith and Ayn Rand would likely find the American political, economic, and social system of today anti rational. Rational self interest dictates that not only do you work for prosperity for yourself and family but also for society at large. Individuals, businesses, and government must grow to understand this, and act accordingly if the country is to ever return to economic stability and real national prosperity. Today corporatism and crony capitalism are systems that benefit the few and often reward the most unworthy. In doing so capitalism, as well as...