Liberalism, Libertarianism, Objectivism

Traders get revenue from circulating goods and services of which they get a cut from each transaction.

This is why they want as much freedom as possible so that there would be as much circulation as possible.

They disregard the evils of overcirculation just as Warriors disregard the evils of overregulation.

This leads to:

• the dominance of the money system over the barter system (which circulates slower but safer)
• inflation within the money system from speculation and ambition not matching reality

The Mercantile Period of the 17th century and Capitalist Period of the 19th century led to the ideologies of Liberalism and Libertarianism.

Liberalism

Liberalism came as an effect of Mercantilism.

Foreign trade brought a lot of wealth to Europe, creating a sense of empowerment and desire for freedom. Prior to this, the Church was dominant and imposed modestry, austerity, and frugality.

The increase in sensory desires led to the fall of the Church through the French Revolution which separated the Church from the State.

From that time onwards, the austere policy was abandoned in favor of wealth and economic growth.

The main proponents of liberalism are:

1. John Locke (1632–1704)

He argued that private property was a natural right, something refuted by Hume which says it comes from the feeling of justice which is from sentiment.

He also pushed for money calling it a steady friend. This is also refuted by Hume and Smith who called money as dead stock.

Lastly, Locke pushed for social contract theory which was refuted by Hume who said that society is from a feeling of common interest from the heart instead of any explicit or implicit mental contract from the brain.

2. Jean-Jacques Rousseau (1712–1778)

He also pushed for a social contract theory, as well as corporate organization.

Libertarianism

Libertarianism emerged with the strengthening of Capitalism in the 19th and 20th centuries.

We put the main proponent of this as the economist Hayek through his anti-socialism book The Road to Serfdom.

The influence of wealth preys easily on weak minded thinkers who have a closer connection to body instead of spirit.

This makes them push for the self in order to pursue that weatlh and enhance their 2nd and 3rd density bodily sensations of comfort and pleasure.

• Emphasis on Individual Freedom: Libertarianism prioritizes individual liberty and autonomy.

• Minimal Government: The increase in liberty necessarily requires a smaller government

• Free Markets: The free expression of the self and the ability to procure one’s desires leads to the push for free markets.

Objectivism

This is a philosophical system from Russian Ayn Rand based on individualism – the belief that individuals have the right to pursue their own happiness and self-interest without interference from others, including the state.

Objectivism believes that rational self-interest should guide human actions. It emphasizes the importance of:

• reason
• individual rights
• the pursuit of one’s own happiness

We put this under the 4th Law because it happens twards the end of the Trader Cycle where the lack of spiritual knowledge causes the mind to go further into freedom and material desires.

To satisfy more desires, it pushes for liberty.

Objectivism advocates for a laissez-faire capitalist society, where the government’s role is limited to protecting individual rights—specifically, protecting people’s property and ensuring the enforcement of contracts. and national defense.

Rand argued that capitalism is the only moral social system because it respects individual rights and allows people to pursue their own happiness.

It rejects altruism or the moral doctrine that individuals have a duty to serve the needs of others. This is because it sees altruism as a form of self-sacrifice that undermines human flourishing.

There are no taxes, no regulation of business, and no welfare systems.

Objectivism strongly defends private property and the right of individuals to freely engage in commerce, accumulate wealth, and keep the fruits of their labor.

Objectivism argues that individuals should engage in voluntary, mutually beneficial exchanges in the marketplace, driven by rational self-interest.

Difference Between Libertarianism and Objectivism

Hayek envisioned Libertarianism as an economic system that opposes Socialism, whereas Objectivism is Rand’s opposition to Marxism.

There are socialist systems that are non-Marxist, for example, those based on spirituality.

But all Marxist systems are a communistic type of socialism that is based on Dialectical Materialism.

We can say that Objectivism is more personally seflish, while Libertarianism is more systemically or socially selfish.