Capitalism: Difference between revisions
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:Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned. | :Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned. | ||
: The recognition of individual rights entails the banishment of physical force from human relationships: basically, rights can be violated only by means of force. In a capitalist society, no man or group may initiate the use of physical force against others. The only function of the government, in such a society, is the task of protecting man’s rights, i.e., the task of protecting him from physical force; the government acts as the agent of man’s right of self-defense, and may use force only in retaliation and only against those who initiate its use | |||
:: [[Ayn Rand]], “[http://aynrandlexicon.com/lexicon/capitalism.html What Is Capitalism?]” | :: [[Ayn Rand]], “[http://aynrandlexicon.com/lexicon/capitalism.html What Is Capitalism?]” | ||
Revision as of 14:00, 24 May 2022
- Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.
- The recognition of individual rights entails the banishment of physical force from human relationships: basically, rights can be violated only by means of force. In a capitalist society, no man or group may initiate the use of physical force against others. The only function of the government, in such a society, is the task of protecting man’s rights, i.e., the task of protecting him from physical force; the government acts as the agent of man’s right of self-defense, and may use force only in retaliation and only against those who initiate its use
