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Event: Capitalism Without Guilt: The Moral Case for Freedom

Capitalism has an undisputed record of wealth generation, yet it has always functioned under a cloud of moral suspicion. In a culture that venerates Mother Teresa as a paragon of virtue, businessmen sit in stoic silence while their pursuit of profits is denounced as selfish greed. Society tells businessmen to sacrifice, to serve others, to “give back”–counting on their acceptance of self-interest as a moral crime, with chronic guilt its penance. Is it any wonder that productive giants from John D. Rockefeller to Bill Gates have behaved as if profit-making leaves a moral stain that only tireless philanthropy can launder but never fully remove?


It is time America heard the moral case for laissez-faire capitalism.


Two centuries ago the Founding Fathers established a nation based on the individual’s rights to life, liberty, property–and the selfish pursuit of his own happiness. But neither the Founders nor their successors could properly defend self-interest and the profit motive in the face of moral denunciation. The result has been a slow destruction of freedom in America, leading us to today’s economic mess.


In this inaugural lecture celebrating the launch of the Ayn Rand Center for Individual Rights (ARC), in Washington, D.C., executive director Yaron Brook will demonstrate how Ayn Rand’s revolutionary ethics of rational self-interest supplies the moral foundation that previous proponents of capitalism lacked. Dr. Brook will explain why individual rights are crucial for capitalism’s survival–why productivity and profit, the “selfish greed” that conservatives abhor, are not vices but cardinal virtues, and he will explain why Americans must reject McCain/Obama-style “national service” and instead proudly embrace the radical individualism their lives and happiness require.  


Who: Yaron Brook, executive director of the Ayn Rand Center for Individual Rights


What: A talk defending the profit motive and presenting the moral case for laissez-faire capitalism. A Q&A will follow.


Where: National Press Club, 529 14th Street NW, Washington, D.C.


When: Wednesday, October 22, 2008, at 6:30 PM


The public and media are invited. Admission is FREE.

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