Archive for the 'Economics' Category

The Coming Election (Show 049)

Show 049 was an excellent discussion about the coming U.S. presidential election. Arthur explained his views starting with this question: Which party will do the least damage to Objectivist ideals? (I will try to summarize what he said, but please listen to the show for his own words.)

The Republicans essentially stand for religion. They consistently try to mix faith with government, of which even small amounts can be disastrous, and will lead to a theocracy. Furthermore, their religious altruistic beliefs conflict with the self-interest morality necessitated by capitalism, which they claim to defend. Because of this, they’re misrepresenting capitalism, making it disreputable and therefore harder to realize.

The Democrats stand for a disintegrated attempt at socialism (or pieces of it). But since the fall of the Soviet Union, communism and socialism are no longer the threat they once were. It has been demonstrated that such systems are horrendous. Moreover, since the Democrats’ views are disintegrated, they can not achieve long term success. So, in order to give Objectivism time, it makes the most sense to throw out the bigger threat, the Religious Right, and vote for the Democrats.

Many Objectivists will bring up a third option. What about the Libertarians? The Libertarians say they stand for liberty, but they have an anti-philosophical approach. Their guiding “principle” is the non-initiation of force, but without a proper underlying philosophy, no one can say what initiating force consists of. Politics is a derivative of ethics and must be treated as such. Otherwise, capitalism will continue to be misrepresented, which is immensely destructive. (For those interested, there is also a discussion of Ron Paul on the show.)

It was a great show and I highly recommend you listen to it. You may want to read Diana Hsieh’s post on the election as well.

Listen to this show and more at Talkshoe.


Powered by TalkShoe

The Economic Recession (Show 047)

For show 047, Mosley discusses the potential economic recession and how more government intervention is not the solution. The stimulus package being considered in Congress, although it “may” produce some short-term results, will not end in long-term success. An artificial boost for the economy will not fix the underlying problems that have made the situation what it is. As Yaron Brook has said, “We don’t need the government to ’stimulate’ the economy with some new intervention; we need it to liberate us from all its destructive economic intervention that put us in this situation.”

And such “solutions” do not come without a price. Adding to the already huge deficit (because of other exorbitant government spending), we’ll end up having to pay it back in one form or another.

So what is the solution? Liberate the economy.

For the last few minutes of the show, Mosley briefly discussed nuclear power, how it can benefit our lives, and why environmentalists should leave it alone. He also indicates the likely topic for next week’s show, love, in celebration of Valentine’s Day. Hope to see you there!

Listen to this show and more at Talkshoe.


Powered by TalkShoe