19. Economic Power vs. Political Power

CAPITALISM AND ECONOMIC POWER

In my own interpretation of Ayn Rand’s writings on this subject, economic power focuses on the freedom and ability to produce goods and services, and then engage in commerce and to “trade” those goods and services that one has produced, in a voluntary association (free of coercion) of production and trade between individuals and businesses (businessmen). Economic power is the opposite of political power.

Economic power focuses on offering values, rewards, free choice, prosperity, and happiness – it focuses on the “positive” in social and economic interactions. Political power focuses on offering fear, punishments, force, destruction, and misery – it focuses on the “negative” in social and economic interactions.

See an edited introduction to Ayn Rand’s writings regarding Economic Power at The Ayn Rand Lexicon online, in the section titled Economic Power vs. Political Power.

Also, see Ayn Rand’s book Capitalism: The Unknown Ideal, Chapter 3, “America’s Persecuted Minority: Big Business,” pb pp. 44-62 (Signet, ~1980), for full text.

Capitalism and Economic Power focuses on the production of wealth through voluntary cooperation.

VERSUS –

STATISM AND POLITICAL POWER

In my own interpretation of Ayn Rand’s writings on this subject, political power focuses on government restriction, regulation, manipulation, and control of both the individual’s life and the economy – it encourages and promotes unproductive, coercive, and corrupt involuntary associations between individuals, organizations, and businesses. Political power is the opposite of economic power.

Political power focuses on offering fear, punishments, force, destruction, and misery – it focuses on the “negative” in social and economic interactions. Economic power focuses on offering values, rewards, free choice, prosperity, and happiness – it focuses on the “positive” in social and economic interactions.

See an edited introduction to Ayn Rand’s writings regarding Political Power at The Ayn Rand Lexicon online, in the section titled Economic Power vs. Political Power.

Also, see Ayn Rand’s book Capitalism: The Unknown Ideal, Chapter 3, “America’s Persecuted Minority: Big Business,” pb pp. 44-62 (Signet, ~1980), for full text.

Statism and Political Power focuses on taxation and the redistribution of wealth through coercive government force.

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