The Common Good & Mixed Economies (Show 055)

On this show Mosley discusses three interrelated topics: the common good/public interest and mixed economies. To set the context for the discussion, he reads some relevant quotes from the Ayn Rand Lexicon.

The Common Good & The Public Interest:

“The common good” (or “the public interest”) is an undefined and undefinable concept: there is no such entity as “the tribe” or “the public”; the tribe (or the public or society) is only a number of individual men. Nothing can be good for the tribe as such; “good” and “value” pertain only to a living organism—to an individual living organism—not to a disembodied aggregate of relationships.

Mixed Economy

We are not a capitalist system any longer: we are a mixed economy, i.e., a mixture of capitalism and statism, of freedom and controls. A mixed economy is a country in the process of disintegration, a civil war of pressure-groups looting and devouring one another.

Mosley then proceeds to the discussion the manifestations of these issues in the world today. Check it out!