Ayn Rand on Capitalism vs. Communism

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In this 1961 lecture, delivered to the Presidents Club of the American Management Association, Ayn Rand outlines commonly heard arguments for capitalism and emphasizes that the only proper defense is a moral one. She seeks to explain why capitalism has been so savagely attacked and why businessmen often bear those attacks in silence.

Recorded in 1961

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Headquartered in Irvine, California, ARI offers educational experiences, based on Ayn Rand's books and ideas, to a variety of audiences, including students, educators, policymakers and lifelong learners. ARI also engages in research and advocacy efforts, applying Rand's ideas to current issues and seeking to promote her philosophical principles of reason, rational self-interest and laissez-faire capitalism.

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Keywords: capitalism, socialism, communism