Question: Is the distinction between needs and wants valid? Anti-capitalist philosophers such as Giles Deleuze accuse the capitalist system of depending on blurring the distinction between needs and wants and tyrannizing over us by implanting artificial needs into our minds. In contrast, George Reisman justifies capitalist extravagance on the basis that human needs are technically infinite and that our needs expand as we become more affluent. Who is right? Is the distinction between needs and wants valid or not? Is it useful in thinking about ethics or politics?

Tags: Altruism, Desires, Economics, Ethics, Life, Needs, Politics, Values

Question: Was John Galt evil, wrong, or a jerk for not commercializing his motor? In Atlas Shrugged, John Galt went on strike when the world seemed only a little worse off than today politically in America. Things got really bad so fast because Galt dismantled everything. If, instead of going on strike, he had quit the Twentieth Century Motor Company and started the Galt Motor Company, things seem like they would have gone a very different way. By my reading, Galt's motor was pretty much a free energy miracle – for the same price as a car engine a car could need no fuel and be nearly maintenance free. Electricity would be too cheap to meter and probably within a decade the Galt Motor Company would provide the engines for every plane, train, automobile, and power plant in America. The resulting economic boom from ultra-cheap energy would have probably improved conditions – there'd be fewer calls for controls because everything would be going so swimmingly. Galt could have gone into the other countries and demanded they liberalize their economies if they wanted him to electrify their countries. His wealth and influence would let him meet with titans of industry and convince them of his morality. He could invest in Hollywood and make movies and TV shows that showed his views. He could have met Dagny and fallen in love with her, and I'm sure over months of dating she would have come around to realize that his morality was right. Her resistance was, after all, to the strike, not really the idea that we should be selfish. People seem to get more panicky and politicians more lusting after power when the economy is doing poorly. In huge booms things seem to get better. People who are well off don't cry out for a savior and accept whatever anyone tells them will make things better, because things are going pretty well. If Galt probably could have gotten rich, liberalized the economies of the world, married Dagny, and sparked a moral revolution all without dismantling civilization, shouldn't he have? If his motor really could save everyone (and it seems like it could have), he is at least kind of a jerk to not commercialize it – and probably self-destructive too. So why go on strike at all?

Tags: Activism, Altruism, Atlas Shrugged, Business, Death Premise, Duty Ethics, Economics, Ethics, Ethics, Law, Literature, Objectivism, Philosophy, Politics, Responsibility

Question: Do people have a right to food and shelter? I recently had a conversation with a Facebook friend who stated that food and shelter are more than necessities, they are rights. I posed the question, "How does one exercise their right to food and shelter?" No one answered the question, so I would like to pose it here. Most food in this country is grown by farmers and sold fresh, or processed in a factory for sale. If food is a "right," does anyone without the means to buy these products have an inherent right to take what they need without any remuneration to the farmer or the manufacturer? The same applies to shelter. How does one exercise their "right" to shelter without a means to earn it? We have a right to free speech, and a right to vote. One is exercised by speaking your mind on a subject without fear of government reprisal, and the other is exercised by voting during elections. We have the right to practice whatever religion we want or none at all. The press has the right to print or say whatever they want. Any "right" to food or shelter would have to operate differently. So are food and shelter a "right"? What would that mean in practice?

Tags: Economics, Ethics, Government, Law, Politics, Progressivism, Rights, Three Languages of Politics, Values, Welfare

Question: Is creating art necessary for a moral life? Since material values are a human need, independence requires that human beings engage in productive activity. Can the same logic be applied to art? Since art is a human need, does independence require human beings to be artistically creative? Would someone who enjoys art without producing any be an "aesthetic moocher"?

Tags: Aesthetics, Art, Business, Economics, Hobbies, Logic, Rationalism, Trader Principle, Values

Question: What is the proper relationship between philosophy and science? People commonly assert that science proves that the traditional claims of philosophy are wrong. For example, they'll say that quantum mechanics proves that objective reality and causality are just myths and that psychology experiments disprove free will. In contrast, other people claim that philosophy is so fundamental that if any claims of science contradict philosophical principles, then the science must be discarded as false. Hence, for example, they say that homosexuality cannot possibly be genetic, whatever science says, since philosophy tells us that people are born "tabula rasa," including without any knowledge of "male" versus "female." So what is the proper view of the relationship between philosophy and the sciences? Does either have a veto power over the other? Is science based on philosophy or vice versa?

Tags: Biology, Economics, Epistemology, Ethics, Free Will, Metaphysics, Perception, Personality, Philosophy, Physics, Physics, Psychology, Science

Question: Is it morally wrong to profit from someone else's distress? People often decry "taking advantage" of other people as cruel and wrong. For example, suppose that a person desperately needs water after a hurricane or other natural disaster. I charge him $1000 for a gallon jug, knowing that he can pay that much if he's really that desperate. Is such price gouging immoral? Is it fundamentally different from other kinds of trade – or just different in degree? Is it morally wrong to profit so handsomely by the distress and scanty options of other people in this way?

Tags: Benevolence, Capitalism, Economics, Ethics, Justice, Law, Price Gouging

Question: What are the most significant values destroyed by statism? In other words, what values would be available to us – or more available – in a laissez-faire, rational society that are limited or unavailable to us today? What are some of the major (and perhaps under-appreciated) values destroyed or precluded by government overreach? To put the question another way: How would a proper government improve our lives?

Tags: Culture, Economics, Ethics, Government, Rights

Question: Once some children are genetically engineered, wouldn't discrimination against natural children be inevitable? Assume that humanity has advanced to the technological capacities of the movie "Gattaca," where the best possible genes for each child could be (and mostly would be) chosen before implantation of the embryo. In that case, how could society prevent discrimination against people who were conceived naturally? Those chosen genes would include genes for determination, the desire to learn, motivation, and more, such that engineered people would always win out based on merit. The movie "Gattaca" shows a natural child rising above his engineered counterparts because of his great determination and spirit. The movie's tagline is even "there is no gene for the human spirit." But if there is such a thing as a human spirit, then there surely must be a gene for it. So would discrimination against natural children be inevitable? If so, would it be unjust?

Tags: Comparative Advantage, Discrimination, Economics, Freedom of Association, Free Society, Genetic Engineering, Rights

Summary: Financial markets are often vilified – and misunderstood. How do financial markets work? What impact do they have on the economy? Are they dangerous – or beneficial? What is the government's current versus proper role in financial markets?

Tags: Economics, Economy, Finance, Law, Politics, Productivity, Rights, Trade

Summary: Why is knowledge of history important? How have historians failed to teach it? What's the proper approach? How can adults educate themselves about history?

Tags: Academia, America, American Revolution, Children, Economics, Education, Epistemology, Great Depression, Herodotus, History, Thucydides

Summary: Is China the next capitalist paradise? Or is it a dangerous military threat? Perhaps it's neither. Robert Garmong explained the current state of Chinese politics, its military, and its economy in this fascinating interview.

Tags: Business, China, Corruption, Culture, Economics, Foreign Policy, Japan, Law, Politics

Question: Should the government intervene when widespread racism makes life impossible for some people? Given that the effect of strictly respecting the rights of private property owners in the South was that blacks could not find accommodations, health care, transportation, food, and other basic necessities of life, shouldn't the government have intervened? Didn't civil rights legislation help eliminate racism – and wasn't that a good thing – even if that meant violating the right to property of racists?

Tags: Activism, Capitalism, Culture, Discrimination, Economics, Ethics, Free Society, History, Law, Race, Racism

Question: How can I effectively counter Marxist economic arguments? My family and friends often advocate Marxist economic ideas – for example, that wealth should be redistributed according to need, that corporations and corporate profits are evil, and that rich people have too much money. How can I best respond to these arguments?

Tags: Altruism, Collectivism, Communication, Economics, Ethics, Politics

Question: Is it wrong to "vote with your wallet"? A liberal friend of mine recently said that he won't vote for political candidates based on his own economic interests – for example, that Candidate A promises to raise taxes on his income bracket, while Candidate B promises to cut taxes for that bracket. He votes based on his agreement with the total political program, not its effects on his paycheck. What's right or wrong with his approach?

Tags: Economics, Elections, Ethics, Politics, Voting

Question: Why should a free country have open borders? In your July 24th webcast, you agreed with the questioner that the current laws restricting immigration are wrong. Why? Shouldn't Americans be able to restrict immigration, if they so choose? What, if any, limits should be set on immigration?

Tags: Conservatism, Economics, Ethics, Free Society, Immigration, Law, Politics

Question: Should I recycle? When I don't have to go out of my way to recycle – if both bins are right in front of me, say – should I? And what if I am sharing an apartment with someone who will fish recyclables out of the trash and put them in the recycling bin? Are there cases where one should just recycle in order to avoid confrontations at home or work?

Tags: Business, Economics, Economics, Environmentalism, Ethics

Question: Why is wealth not a zero-sum game? If someone makes a profit, doesn't that mean that someone else loses?

Tags: Business, Economics, Egoism, Ethics, Wealth

Question: What do you think of the "Prisoner's Dilemma"? Something about the Prisoner's Dilemma as a basis for economic and ethical claims never settled with me, but I'm not sure why. What is your opinion of it from a philosophical point of view?

Tags: Economics, Ethics

Question: Is it morally wrong to be a free rider? Some people say that it's wrong to be a free rider – for example, by sneaking into a movie without paying for it, using a gas station bathroom without buying anything, accepting a ride to the airport but refusing to return the favor, hiking on trails in your community without helping to maintain them, or enjoying the Christmas lights of your neighbors without putting up your own. In such cases, you seem to be enjoying a benefit from someone else that you've not paid for or earned. Isn't that unjust, and hence, morally wrong?

Tags: Business, Economics, Ethics, Honesty, Justice