Capitalism Versus Altruism
Radio Q&A: 29 July 2012, Question 4
I answered a question on capitalism versus altruism on 29 July 2012. You can listen to or download the podcast of just this question below – or check out the whole episode of Philosophy in Action Radio.
Is capitalism altruistic? Some people attempt to defend capitalism and free markets on altruistic grounds. Under capitalism, they say, a successful businesses must serve the needs of its customers. Hence, capitalism promotes altruism. Is that true? Is it an effective way to defend capitalism?
My Answer, In Brief: Capitalism is not altruistic. Altruism is when a person seeks a net loss, whereas egoism is when a person seeks a net profit. Capitalism enables trade to mutual benefit, meaning net profits for everyone.
- Duration: 9:05
- Download: MP3 Segment (3.1 MB)
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About Philosophy in Action
I'm Dr. Diana Brickell (formerly Diana Hsieh). I'm a philosopher, and I've long specialized in the application of rational principles to the challenges of real life. I completed my Ph.D in philosophy from the University of Colorado at Boulder in 2009. I retired from work as a public intellectual in 2015.
From September 2009 to September 2015, I produced a radio show and podcast, Philosophy in Action Radio. In the primary show, my co-host Greg Perkins and I answered questions applying rational principles to the challenges of real life. We broadcast live over the internet on Sunday mornings.
My first book, Responsibility & Luck: A Defense of Praise and Blame, can be purchased in paperback and Kindle. The book defends the justice of moral praise and blame of persons using an Aristotelian theory of moral responsibility, thereby refuting Thomas Nagel's "problem of moral luck." My second book (and online course), Explore Atlas Shrugged, is a fantastic resource for anyone wishing to study Ayn Rand's epic novel in depth.
I can be reached via e-mail to [email protected].