Capitalism, the Unknown Ideal - The Obliteration of Capitalism Summary & Analysis

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Rand begins the chapter by discussing what she meant in the chapter about smears and how liberals introduce statism. She mentions a comment by Governor Romney that we do not have a system of capitalism but one of consumerism. Most who support capitalism have varying definitions of the term. Many feel the producer's role is more important than the consumer's in capitalism. Many businessmen stress the point that the major part of income goes to labor and the smallest part is profit. They try to hide the true nature of capitalism. What they are trying to hide is capitalism as a system based on individual rights. Altruism insists the system is portrayed as an evil and this is why capitalism and altruism are not compatible.

The use of the term consumerism suggests the consumer is superior to the producer...

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This section contains 321 words
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Buy the Capitalism, the Unknown Ideal Study Guide
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