Freedom: Laissez-Faire Capitalism (Ayn Rand) (Edexcel A-Level Politics): Flashcards
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Ayn Rand's main advocacy regarding freedom
Ayn Rand's main advocacy regarding freedom
Individual freedom, particularly in the economic sphere
Rand's definition of freedom
Rand's definition of freedom
Absence of coercion; individuals free to make own choices without govt intervention
Philosophy underlying Rand's freedom beliefs
Philosophy underlying Rand's freedom beliefs
Objectivism
Key concept in Objectivism
Key concept in Objectivism
Rational self-interest
Why Rand believed freedom is essential (moral perspective)
Why Rand believed freedom is essential (moral perspective)
Essential for moral agency; enables choice & responsibility
Laissez-faire economy definition
Laissez-faire economy definition
Free market with no govt intervention, regs, tariffs, subsidies
Ideologies Rand opposed
Ideologies Rand opposed
Collectivism and socialism
Govt role in economy (Rand's view)
Govt role in economy (Rand's view)
Protect property rights, enforce contracts, prevent force/fraud
Rand's term for minimal state
Rand's term for minimal state
Night-watchman state
Three primary govt functions (Rand)
Three primary govt functions (Rand)
Military defence, police, courts
What Rand opposed beyond basic govt functions
What Rand opposed beyond basic govt functions
Welfare state, public ownership, govt control of economy
What govt should prevent (Rand's moral basis)
What govt should prevent (Rand's moral basis)
Initiation of force