Due to much of the confusion that exsists about the economic nature of capitalism–as the progressive types have so rigorously attacked it, many do not understand what it even is. So for those who do not understand capitalism, and for those who think they understand capitalism, yet still find themselves destructive agents of human doom I would like the present Guillermo Pineda who spoke at the Atlas Summit in 2012 in Washington D.C. — We hear all the time that “capitalism is the system that has shaped our world.” However, the fact that capitalism is a social system that has never existed in its full, perfect, and unregulated form is never mentioned. As Ayn Rand clearly stated, the only time in history in which we came close to a laissez-faire capitalist society was in the 19th century. The seminar explores the history of capitalism in the last 250 years. How did capitalism function in the past? Does it still exist today? What hope is there for the future? Part 2 looks at the assault against capitalism in the 20th century and considers where we find ourselves today.
Guillermo Pineda is a double degree MA global studies candidate at Leipzig University and Roskilde University. He founded the Center for the Study of Capitalism in Guatemala and has studied and promoted Objectivist philosophy for several years. Now, grab a snack and enjoy listening to Pineda’s 2 part lesson on capitalism.