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Capitalism's Pseudo-Defenders

Robert Garmong

Presented at: IRM 2001

Date: Jul 07, 2001

Too often, those who claim to defend capitalism are in fact its worst enemies. This course examines the views of such alleged pro-capitalists –– from conservatives/religionists, to utilitarians and social Darwinians, to modern-day libertarians. It shows how these advocates were inevitably led by their philosophical premises to betray capitalism. While covering such people as Mill, Bentham, and Spencer, Mr. Garmong focuses particularly on twentieth century figures like Hayek. The failure of these pseudo-defenders, who sought to uphold capitalism while repudiating its intellectual foundation, underscores the uniqueness of the one philosophy that provides a consistent, moral defense of capitalism: Objectivism.

historyeconomics

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