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Exploring Capitalism Through the Ages: From Adam Smith to Ayn Rand

Delve into the evolution of capitalism, comparing ideologies from the enclosures system to democratic socialism. Understand the moral complexities and economic systems that have shaped societies, from laissez-faire capitalism to Keynesian economics. Analyze the contrasting views on ownership, means of production, and individual rights that have defined the capitalist narrative. Discover the impact of key figures like Adam Smith, Milton Friedman, and Ayn Rand on capitalist theory and society's values. Explore whether capitalism is inherently amoral and the role of democratic socialism in promoting equality and social well-being.

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Exploring Capitalism Through the Ages: From Adam Smith to Ayn Rand

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  1. Capitalism versus Sovietism Socialism The Inclosure System and Class warfare Laissez Fair Capitalism - Adam Smith Darwin & Social Evolution Lamarck & Social Evolution Democratic Capitalism of Keynes Monetary Capitalism of Milton Friedman The Social Democrats Is Capitalism Amoral? THOUGHTS ON CAPITALISM

  2. Differing understanding of concepts • Ownership of the means of production • Yeomen and the Common Lands • The Manorial System • The Industrial Revolution and Wool • Inclosure caused employers and employees • The Wool Mill then the Cotton Mill • Adam Smith – Darwinian Competition Introduction

  3. Liberty • Democracy • Ownership Overview

  4. What is it? • Adam Smith • Milton Friedman • The Evil triumvirate: Bush-Cheney-Banks • Mercantile vs Financial Systems Laissez faire Capitalism

  5. Russian philosopher, writer, novelist who wrote “Atlas Shrugged” and developed the hypothesis of OBJECTIVISM. She had an important influence on capitalist theoreticians. Objectivism states: reality exists independent of consciousness; individual persons are in contact with this reality through sensory perception; human beings can gain objective knowledge from perception through the process of concept formation and inductive and deductive logic; the proper purpose of one's life is the pursuit of one's own rational self-interest; the only social system consistent with this morality happiness is full respect for individual rights, embodies in pure laissez faire capitalism. AYN RAND [1905-1982]

  6. Keynesian Economics • The Social Democrats • The Euro-Communists • Russia - China - Cuba Social Democracy

  7. Democratic Socialism is a democracy were you have freedom, but there are more group regulations to look out for the better well-being of people and the Earth; as opposed to the selfishness greed, and injustice inherent in Laissez faire capitalism. People work more to provide a service and fulfill their physical and psychological needs of work and accomplishment. Democratic Socialism attempts to provide a modest life for most people so the Earth can be shared. It is not to control the population. Democratic Socialism attempts to control an individuals costs for education, health, food, houses by limiting profit and interest, etc. In a fair, ethical, and equal society most people will work hard and are not looking for government handouts. DEMOCRATIC SOCIALISM

  8. Is Capitalism a Belief System? • Should it rest on Scientific Principles? • Capitalism is Amoral not Immoral! • CAPITALISTS CAN BE IMMORAL! • Join the MTP - the Muddle-Through Party! Is Capitalism Amoral?

  9. REFERENCES

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