Profits are the consequence of production. Governments have a bad track record in that regard. It simply doesn’t work. The only thing government investments would lead to are losses.
Are you sure about that statement? Many state and local governments invest in the market for the pensions of their workers. These workers have an incentive to protect those investments that are made by their employers. Many businesses follow a similar model. Wouldn’t it be possible for an Objectivist government to do something similar with its military, in order to cover costs?
Moreover, are you saying that governments don’t produce anything? You don’t believe that governments don’t provide vital services like arbitration and protection? Do you think these too should be handed to the private sector?
Where would those government profits come from?
From investing in the stock market. Are you ready to call professional investors, hedge fund managers, mutual fund managers, etc. immoral? They provide vital services by increasing the amount of loanable funds in the market.
Who in their right and competent mind would, instead of working for themselves, go to work and produce profits for the government?
Are you saying that nobody should go to work for government? After all, if an Objectivist government were to exist, it would presumably gather revenue via various user fees, like the contract fees Rand mentioned. But that is producing a profit for government, is it not?
Quite expensive is not the same as extremely expensive, especially since Objectivists are not advocating any nation building, but rather the destruction of the current Iranian regime.
Well you would want to establish another regime that wouldn’t be just as dangerous or more dangerous than the previous one, wouldn’t you?
I object to the charactarization “Objectivist War Hawks.” I maintain that such an entity, within the context of Objectivism, does not exist.
Dunno, it seems that some people, like Peikoff, are quite hawkish.
An Objectivist government would engage in war only when necessary to defend our nation. The concern of such a government would be exclusively the defense of our nation, and not the preservation of the enemy. The defeated aggressor nation would be held responsible for all costs, which means that in all probability a nation that was rich enough to attack us would have assets that we could seize to pay for their destruction. In any event, contributions would be sufficient.
This is a good idea. Do you think an Objectivist government could make extra money by stationing troops in places like South Korea if that country decides to pay for the protection?