Philosophy

How “Effective Altruism” Turned Self-Sacrifice into a Pseudoscience

Writing in 1957, decades before Effective Altruism had a name or a giving pledge, Ayn Rand described altruism’s core demand: that need functions as “the first mortgage on your life and the moral purpose of your existence.”

The Morality of Capitalism

The Morality of Capitalism

Capitalism, in Ayn Rand’s definition, is “a social system based on the recognition of individual rights (including property rights) in which all property is privately owned.”

Photo Mark Da Cunha capitalism

Envy vs. Achievement

Ayn Rand called envy “the hatred of the good for being the good.” Instead of hating and envying the good, let’s love and thank the good for being the good.

Is Egoism Obvious?

My book, How to Be Profitable and Moral: A Rational Egoist Approach to Business, has been translated into Finnish and was recently published in Finland. At the book launch in Helsinki, an appreciative reader (of the English-language original) and a business owner...

It’s Good—But Hard—to Be Selfish

Most people think that it is unethical to be selfish. They have been taught that we should always put others’ interests ahead of our own and that pursuing self-interest is immoral. That is why they also think that business—which by definition pursues self-interest:...

Income Inequality is Moral

I was listening to the radio on the weekend and heard a leading Canadian socialist, Stephen Lewis, lament about the big income gap between the rich and the poor as one of the worst ills in society today. Reflecting on that and on the exodus of millionaires from France...

Envy is Bad For Us

I am writing this post in Finland where I am working for a month. Last week the Finns marked their annual unofficial “National Envy Day” when the Finnish Revenue Service publicized the income taxes and income of every tax-paying citizen. That in itself is a shocking...

Stealing Food To Feed The Poor

Two weeks ago, the mayor of a Spanish town in Andalusia was orchestrating raids to local supermarkets for the purpose of stealing food to feed the poor. He was quoted as saying: “Someone has to do something so families can eat.” Mr. Sanchez Gordillo, an avowed...

Self-interest versus Selfishness

[On his show] Rush Limbaugh was speaking about the “invisible hand” described by Adam Smith. It is not out of benevolence, Rush said, that your grocer sells you food. It is the grocer’s self-interest–his desire to feed his family–that motivates him. But, Rush quickly...

The Inescapable Importance of Philosophy

Have you ever wondered why seemingly intelligent, articulate people cannot seem to come to a consensus on the important issues facing our nation today? Or even on what the issues should be? Whether it’s the economy, foreign policy, immigration, gay marriage or any...

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