Capitalism

Debate 1984 | Socialism or Capitalism: Which Is the Moral System?

From the Ayn Rand Institute:

In the legendary 1984 debate against socialists Jill Vickers and Gerald Caplan, the team of Leonard Peikoff and John Ridpath defended capitalism against their opponents’ criticisms and roundly refuted the socialists. ARI is delighted to showcase this illuminating debate on YouTube and to bring it to the attention of a new generation of viewers. The remastered video will be premiered this Friday and hosted on ARI’s YouTube channel by permission of the copyright holder, Sandra Shaw.

What is the Purpose of a Business? Objectivist Yaron Brook Debates “Conscious Capitalist” John MacKey

From the description:

At each of Whole Foods Market’s more than 500 American stores, managers ask every team member—from the meat clerks to the baristas to the janitorial staff—to orient their work around a shared purpose, which is to make natural and healthy food widely available. This goal, according to Whole Foods CEO and co-founder John Mackey, is in no way inconsistent with maximizing shareholder value, often seen as the essential purpose of a corporation.  As Mackey writes in his new book about leadership, “At the heart of Conscious Capitalism is a radical refutation of the negative perceptions of business, and a rejection of the split between purpose and profit.” Mackey believes that this is the key to defending capitalism against those who condemn it for having no inspiring ideals.  At a Reason-sponsored Soho Forum debate held on February 18, 2020, Ayn Rand Institute Chairman of the Board Yaron Brook challenged this view. He believes that maximizing profit should always be the primary goal of companies, and it’s that focus which explains why capitalism has lifted the broad masses out of poverty. That’s the message businesses should be emphasizing, he said, and it’s inspiring enough.