When I see Objectivist thinking or its equally bankrupt little brother Libertarianism brought into a serious conversation I always smile inwardly.  Objectivism is based on the writings of Ayn Rand.  Objectivist doctrine can be summarized in a short sentence, which happens to be the title of this post.  Rand and others put forth the emphasis on rationality and making objective decisions but, risible ornamentation aside,  her thoughts boil down to the idea that being selfish and greedy is a good thing and the net benefits accrued from this ego festival will benefit society.

Objectivism fits nicely with the Chicago school of neoliberalism as the selfish nature of objectivist thought fits well with the trickle down theory of wealth and laissez-faire market policy in general.

neo_liberalismBefore going any further with this post there are a couple of assumptions that I will be working from that will inherently colour my conclusions.

1)      Laissez-faire capitalism is a farce.  No one actually wants a completely unregulated free market.

2)      The neoliberal economic plan put forth by Friedman and the Chicago school is an unmitigated disaster and has been thoroughly discredited.

3)      Democracy and Capitalism are mutually antagonistic systems.

I have other tenets but listing them all would only further entangle an already long post.  I just want to help establish the tone of what this piece is going to be about.  As this is an introductory piece, it would be good to get the wisdom from its source.  Ayn Rand in Atlas Shrugged says:

[T]he most selfish of all things is the independent mind that recognizes no authority higher than its own and no value higher than its judgment of truth. You are asked to sacrifice your intellectual integrity, your logic, your reason, your standard of truth-in favor of becoming a prostitute whose standard is the greatest good for the greatest number.” (1957: 955-956)

Bruce Barry and Carrol Stephens in the Academy of Management Review (Volume 23, No. 1 January 1998) have taken Randian thought to task.  Their reply is as follows:

Objectivists assume that humans can reap value and attain virtue only through the satisfaction of the self. But, of course, in genuine societies we find ourselves mutually interdependent and often motivated to assist others in order to achieve broader out- comes that serve our own individual interests.” (165)


A Randian would disagree as altruism in her thoughts* is a corrupt notion that eats away at the heart of productive society.  James Rachels from his Elements of Moral philosophy describes the Randian notion of altruistic behaviour:

[Rand depicts any degree of altruism as so self- abnegating that] “[N]obody, with the possible exception of certain monks, would find it congenial. As Ayn Rand presents it, altruism implies that one’s own interests have no value, and that any demand by others calls for sacrificing them. If that is the alternative, then any other view, including [objectivism], will look good by comparison. But this is hardly a fair picture of the choices.” (1986: 71; emphasis in original)

Rand essentially sets up a series of false dichotomies and strawmen that attempt to show how good Objectivism is versus the evils of altruism and other ‘misguided’ moral theories (see utilitarianism, moral relativism).

Of course, socialism gets similar treatment, from Atlas Shrugged:

“You … call it unfair that we, who had dragged you out of your hovels and provided you with modern apartments, with radios, movies and cars, should own our palaces and yachts-you decided that you had a right to your wages, but we had no right to our profits, that you did not want us to deal with your mind, but to deal instead, with your gun. Our answer to that was: “May you be damned!” Our answer came true. You are. (1957: 989)

Contrast that with Barry and Carrol’s response:

“Objectivists claim for all members of society the right to think and contribute and be left alone to pursue happiness but, at the same time, reserve for those who control intellectual capital the power to decide economic and social structure and to manage the institutions through which culture is created and disseminated. The objectivist tells relatively powerless members of society that they are free to think and act and grow and prosper yet preaches, at the same time, a radical laissez-faire interpretation of political economy (see Machan, 1984) that is more likely to solidify existing imbalances of power and preserve elite privilege than to create conditions for social transformation and upward mobility”. – (167)

objectivismSo what we have is a system that privileges the elite of society while marginalizing the rest.  Kinda like what neoliberalism does for economics, forget the poor, if we cater to the rich and they do well everyone magically does better.  It has worked well for the world…  Ask Chile about how this school of thought plays out, or Argentina.  The result has been everywhere every time a dismal failure for the country and its people (excluding the moneyed elites, after pillaging the country they move their capital elsewhere and start the process of exploitation again).

(* I will not grace the Objectivist theory with the title of it being a philosophy.  Objectivism has been thoroughly discredited as a Moral Philosophy, but I will omit this salient feature of Objectivism in my post as it could be considered an argument from authority)