• • • Book review: Individualism rules
Daniel Ben-Ami, Financial Times (London) Alan Greenspan |Ayn Rand Institute |Capitalism |Don Watkins |Egoism |Individualism |Yaron Brook |Image | Yaron Brook and Don Watkins of the Ayn Rand Institute in Irvine, California, have done a good job of applying [Ayn Rand’s] approach to present-day conditions. Free Market Revolution is a critique of contemporary America from what Rand called an objectivist perspective. The first thing likely to strike those new to objectivism is how hostile it is to other forms of free-market thinking. Those who are only prepared to utter two cheers for capitalism, or to advocate compassionate conservatism, are seen almost as traitors. High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. Brook and Watkins attack many free-market icons. They blast economists Milton Friedman and Friedrich Hayek for not making a moral defence of capitalism. For objectivists it is not sufficient to support the market economy simply on the grounds of efficiency. It is also morally superior to any other social system.