Best nonfiction book: “Capitalism: The Unknown Ideal” by Ayn Rand

It’s the stuff you won’t be able to help mentioning over dinner. The stuff that gives you and your partner something to talk about besides the kids. The stuff your friends should’ve already told you about, but didn’t. Here, notes on one of my all-time favorite nonfiction finds.

This month’s best nonfiction book: 

Is this really one of the best nonfiction books out there? Why?

What will I get out of this best nonfiction book that will make it worth my time?

Where can I further investigate this best nonfiction book?

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More Reading Choices:

Top 500 Nonfiction Books

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Top 20 Spiritual Memoirs

Best Meditation Books

The Ordinary Mystic Blog Posts

Best Books for Mystics Blog Posts

Capitalism: The Unknown Ideal

Book distinguishes pure capitalism from the mixed economy the U.S. has always been.

Uses the term “statists” as a general describing of all people who favor government. Intervention in business and the economy.

Raud sees no need for government schooling, road building, etc. Only national defense and law enforcement. The roads, like the railroad once were, should be built and kept up by interested businesses.

“If a small group of men were always regarded as guilty, in any clash with any other group regardless of the issues or circumstances involved would you call it presentation?… If this group were penalized, not for its faults, but for its virtues, not for its incompetence, but for its abilities not for its failures, but for its achievements, and the greater the achievement, the greater the penalty – would call that persecution?… That group is the American businessman.” (- from things article: America’s Persecuted Minority: Big Business

In Soviet Russia, the scapegoat was the bourgeois in Nazi Germany, it was the Jewish people, in America, it is the businessman.” (same )

This is due to public sentiment generally, an autotrust laws legally. The laws can be changed at any time, without notice! Federal Trade Comm at Fault.

Recommends Ten Thousand Commandments by H. He

“A coercive monopoly is not the result of laissary-faire; it can result only from the abrogation of laissary-faire and from the introduction of the opposite principle – the principal of statism. In this country, a utility company is a coercive monopoly… a telephone company is a coercive monopoly. “(from Ch.5: Common Fallacies About Capitalism by Nathaniel Branden.)

Discusses why monopolies wouldn’t form in laisser-faire system – because once a monopoly raised prices, other small companies would form and undersell them, recreating competition! Unless no one wants to, in which case it’s a non-coercive monopoly… which isn’t really a true monopoly at all.

“No one can morally claim the right to compete in a given field if he canno match the productive efficiency of those – with whom he hopes to compete.”

Branden then describes why the crash of 1929 occurred, showing it wasn’t the fault of capitalism, but of the recent formation of the Federal Reserve System (1913), which lent money to banks even when not actually available in order to falsely fend off recessions, leading to a huge bubble!

“Throughout most of the 1920’s, the government compelled banks to keep interest rates artificially and uneconomically low. As a consequence, money was poured into every sort of speculative venture. By 1928… Stocks were increasing by overvalued… A free banking system would’ve been compelled… to put the brakes on this process… Credit and investment… would be drastically curtailed; the banks which made unprofitable investments, the enterprises which proved unproductive… would suffer…; the country as a whole would not be dragged down

“But when the news of the first bank and commercial failures began to spread, uncertainty swept across the country…” and many of the loans called in could not be paid.

“But it was not the Federal Reserve, it was not government intervention that took the blame for the 1929 depression – it was capitalism.” The abandonment of the gold standard soon fell on.

“One of the most striking facts of history is men failure to learn from it.”

Deals with labor unions and their way of finding new fights when other fights are won, in order to perpetuate the need for their own existence!

Says employers were already self-motivated to improve working condition during the Industrial Revolution before the laws came about, and these crusaders are some of the most misunderstood aspects of An. history: “The eight-hour day was established in most A. industries long before unions acquired any significant size or economic power.”

Artificial increase in wage rates – including minimal wage laws – causes widespread unemployment for many at the expense of the few. “In a free economy… wage rates always tend toward the level at which all those seeking employment will be able to obtain it.” This is because the company’s production is not hindered by employment cost, and lower production results in a lagging economy.

Discusses why education should not be mandatory or government-operated: “Education should be liberated from the control or intervention of government, and turned over to profit-making private enterprise, not because education is unimportant, but because education is so crucially important.” – “If, for many years, the government had undertaken to provide all the citizens with shoes,…, and if someone were subsequently to propose that this field should be turned over to private enterprise, he would doubtless be told indignantly: “What! Do you want everyone except the rich to walk around barefoot!” But the shoe industry is doing its job with immeasurably greater competence than public education is doing its job.

Says capitalism is even more practical in a very complex versus a very simple economy or society, because government intervention is invariably more complex in its consequences in a complex society!!

Another article discussed why even roads should be built and kept up by individual enterprise, because they’ll be better kept up! Some say railroads would’ve never been built if left to the RR company’s, but in fact, those RR’s that DIDN’T rely on help where MUCH more profitable and didn’t go bankrupt. In fact, NONE did!

Another article takes on the myth that the Industrial Revolution was harmful to the standards of living for women and children, saying the Re actually ‘!… led to a rise in the general standards of living, to rapidly falling urban death rates and decreasing infants mortality…” notwithstanding the lives of “political tract writers posturing as economic historians, like Engels and MAXL.” (article 8.)

In the Assault on Integrity” by Alan Greenspan, idea that: “Left to their own devices, it allege businessmen would attempt to sell unsafe food and drinks fraudulent securities, and shodity buildings.” The profit motive or reputation of the company would totally prevent these problems! Because in a work where there’s no “Big Brother,” the reputation of the company is CRUCIALLY important to be successful!!

Further, “If minimum specifications are set for vitamins, there is little profit in producing something of above-average quality.”

From here on, specific historical events are discussed, applying aforementioned principles. A few more general articles, including one column “Extremism, or The Art of Smearing” by Rand. Says the right often accused of extremism ~ but is that Is moderation always the best way? “Are an extreme of health and. Extreme of disease equally undesirable? Are extreme intelligence and extreme stupidity… equally unworthy?…”

……… (cropped text) working only because of our pass successes… soon these blessing will run out.

Remember: Nazi is National Socialist Workers Party!! There was a militant fascism… ours is a tired, worn out fascism by default. Only difference.

The ‘consensus’ doctrine an attempt to translate the brute facts of a mixed economy into an ideological – or anti-ideological-system and to provide them with a semblance of justification.”

In a stunt summing up the whole book: “The basic and crucial political issue of our age is. Capitalism versus socialism, or freedom versus statism. For decades, this issue has been silenced, suppressed, evaded, and hidden under the foggy, undefined ratter-terms of ‘conservation’ and ‘liberalism’ which had lost their original meaning and could be sheltered to mean all things to all men.”

This is the way socialism creeps in. “Socialism can only win by default” because it cannot win in open debate… “neither on the ground of logic or economics nor morality nor historical performance.”

Asks why is compromise or highest value in the U.S.??!! That’s why all conservations should be libertasians and why all liberals should call themselves socialists___ otherwise we aren’t arguing principles at all – – we’re only arguing how much we should give away to the other side! “If the ‘conservatives’ do not stand for capitalism, they stand for and are nothing; they have no goal, no direction, no political principles, no social: deals, no intellectual values, no leadership to offer anyone.”

WHY IS COMPROMISE A VIRTUE??!!

In another art, Rand says actually U.S. is moving forward fascism, not socialism – though there is no practical difference between them, in theory fascists believe in government control of privately-‘owned’ business whereas socialists given the ownership

Aspects of the Novel, by E.M Forester

Notes October 2015 by Mollie Player

“May the writer take the reader into his confidence about his characters? … Better not. It is dangerous, it generally leads to a drop in the temperature, to intellectual and emotional laxity… It is like standing a man a drink so that he may not criticize your opinions.”

“It is not dangerous for a novelist to draw back from his characters… and to generalize about the conditions under which he thinks life carried on. It is confidence about the individual people that do harm, and beckon the reader away from the people to an examination of the novelist mind.”

“Let us define a plot. We have defined a story as a narrative of events arranged in their time-sequence. A plot is also a narrative of events, the emphasis falling on causality. ‘The king died and then the queen died,’ is a story. ‘The king died, and then the queen died of grief,’ is a plot.”

“If it is in a story we say ‘and then?’ If it is in a plot we ask ‘why?’ That is the fundamental difference between these two aspects of the novel.”

The love of story is primal, and the curiosity that makes people want to finish a story is also base, primal.

“And now we can get a definition as to when a character in a book is real: it is real when the novelist knows everything about it. He may not choose to tell us all he knows – many of the facts, even of the kind we call obvious, may be hidden. But he will give us the feeling that though the character has not been explained, it is explicable, and we get from this a reality of a kind we can never get in daily life.”

“The test of a round character is whether it is capable of surprising in a convincing way. If it never surprises, it is flat. If it does not convince, it is a flat pretending to be round.”

“The novelist who betrays too much interest in his own method can never be more than interesting; he has given up the creation of character and summoned us to help analyze his own mind, and a heavy drop in the emotional thermometer results.”

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