Objectivism Is The Everyman's Philosophy
In the universe, what you see is what you get,
figuring it out for yourself is the way to happiness,
and each person's independence is respected by all
Rand's Philosophy in Her Own Words
- "Metaphysics: Objective Reality" "Nature, to be commanded, must be obeyed/Wishing won’t make it so." "The universe exists independent of consciousness"
- "Epistemology: Reason" "You can’t eat your cake and have it, too." "Thinking is man’s only basic virtue"
- "Ethics: Self-interest" "Man is an end in himself." "Man must act for his own rational self-interest" "The purpose of morality is to teach you[...] to enjoy yourself and live"
- "Politics: Capitalism" "Give me liberty or give me death." "If life on earth is [a man's] purpose, he has a right to live as a rational being"
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I thought I would start a thread for Ayn Rand / Objectivism related mentions in the news. I know some folk are interested in mentions, but it isn't worth starting a new topic for each. Instead feel free to add a post to this thread if there's a mention you wish to share. Here's one: "Man's Ego is _____ this (fill in the blank) ____ of human progress". That was a Final Jeopardy question that stumped a professor recently. So, there's one more reason to read Rand: not doing so could cost you $30,000! (Though, I'm not sure I'd have got the answer right either.)
By Iatan Petru,
So I posted these hypothethical scenarios on different topics, as comments, but I decided to make one about them because I am really curious about the Objectivist approach. There are some hypothethical situations I thought about. So imagine the following : -a friend tries to kill himself because his ex broke up with him (or some other irrational reason) -you see a man torturing his dog (for example, keeping it chained and taking its eyes out) -you see a stranger cutting himself -you see someone beating up a mentally handicapped person (let's assume the handicap isn't curable nor potentially curable) I was trying to bring examples that are emotionally disturbing because I want to make a point about the moral actions you're entitled to here. Of course, most of us would initiate force to stop those people from doing what they're doing, wouldn't we? I mean, let's be really honest here, it is the right thing to do, clearly. But according to Objectivism, should those people we initiated force against take legal action against us, we would be the guilty party. After all, you have the right to kill or harm yourself, and animals who can't use reason (dogs and mentally handicapped people, in this case) have no rights. So maybe I see things in a wrong way, but here are cases where you can do something which is both moral and illegal. How can that be, under a proper Government? I mean, should the Government sanction initiating force in order to stop those actions? Can something be both moral and illegal? And if not, why wouldn't people be able to pay the authorities to also provide services of animal protection, protection for people without rights, irrational suicide prevention etc., which would, however, clearly violate the NAP in such cases?
. Neutral Xi-sub-b baryon has been found. About that red triangle: ∆ ~~~~~~~~~~~~~~~~ Standard Model SU3 Symmetry ~~~~~~~~~~~~~~~~ Group Theory and Physics Shlomo Sternberg (Cambridge 1994) Related at Objectivism Online
Shadow banking is a topic I haven't heard discussed much, if at all, by Objectivists. Maybe I don't read enough Objectivist blogs or forums or listen to enough Objectivist podcasts. Anyway, I used the search function on this site and entered "shadow banking" but got no results. In a nutshell, there supposedly exists a vast "shadow banking system" that is mostly untouched by regulators. Investopedia defines it as follows: Then there's this from Investing Answers: And it goes on like this wherever you search on the subject. Every supposedly legitimate source treats this so-called "shadow banking system" that is allegedly shielded from regulations as a reality. Economist Paul McCulley is credited with coining the term in 2007, but supposedly this system has existed for decades without being threatened by lawmakers in any meaningful way. As the story goes, the shadow banking system played an important part in causing, or least exacerbating, the 2008 financial crisis. Wikipedia puts it thus: And: Variations on this narrative have been repeated by politicians, regulators and news analysts ever since the crisis, but it wasn't until a few years ago that the term "shadow banking" started to become mainstream (at least, that has been my observation). The term connotes a sinister conspiracy, and yet analysts and politicians in the know have apparently been well aware of these practices for a long time, going back to well before the subprime crisis. Leftist politicians like Bernie Sanders decry the SBS, but they don't actually do anything to regulate it in any meaningful way. Supposedly even Dodd-Frank did very little to address SBS practices. I have heard Objectivists argue that it's ridiculous to say the financial crisis was caused by lack of regulations, after all there were a ton of banking regulations in effect and basically it was the government's fault for creating a moral hazard after decades of repeated bank bailouts that only encouraged more risky lending. While these are reasonable arguments, they don't directly address the allegations that investment banks, at least prior to the meltdown, were not as heavily regulated as traditional depository banks, and so they were able to conceal their activities in the SBS until everything imploded (this is a deliberate oversimplification of the allegations, I am not heavily versed in lending jargon). Now, I'm sure that politicians and the media have exaggerated at least some facts about SBS practices, and probably have exaggerated the size and scope of the SBS, all in order to make the public scared of a rogue banking system that could easily run wild and cause a repeat of 2008. Nevertheless, I'm very interested to know just exactly how true their claims are. Is all of it B.S., or just some of it?