Capitalism 2.0: Logic

During the elections, one of the most frustrating experiences I had was trying to have intellectual discussions with people about Obama’s policies. While I have tried to examine things with logic, they have decided to suspend logic, and rely on faith. “He will figure it out,” has been the most common line.

Well, I don’t care who “he” is, I refuse to accept this “he will figure it out,” concept.

Logic is important. “All thinking is a process of identification and integration. Man perceives a blob of color; by integrating the evidence of his sight and his touch, he learns to identify it as a solid object; he learns to identify the object as a table; he learns that the table is made of wood; he learns that the wood consists of cells, that the cells consist of molecules, that the molecules consist of atoms. All through this process, the work of his mind consists of answers to a single question: What is it? His means to establish the truth of his answers is logic, and logic rests on the axiom that existence exists. Logic is the art of non-contradictory identification. A contradiction cannot exist. An atom is itself, and so is the universe; neither can contradict its own identity; nor can a part contradict the whole. No concept man forms is valid unless he integrates it without contradiction into the total sum of his knowledge. To arrive at a contradiction is to confess an error in one’s thinking; to maintain a contradiction is to abdicate one’s mind and to evict oneself from the realm of reality.” [John Galt’s speech]

President Obama’s doctrine is full of contradictions. Bailing out General Motors and creating a welfare state. Reducing the deficit. Hello? Have you ever heard of this mundane thing called the P&L? If an organization spends more money than it makes, what falls to the bottom line is a loss. Deficit. How can you consistently fund non-producing people and entities, and expect that the P&L will yield anything other than a deficit?

Just a quick reminder: “Logic is man’s method of reaching conclusions objectively by deriving them without contradiction from the facts of reality—ultimately, from the evidence provided by man’s senses. If men reject logic, then the tie between their mental processes and reality is severed; all cognitive standards are repudiated, and anything goes; any contradiction, on any subject, may be endorsed (and simultaneously rejected) by anyone, as and when he feels like it.” (Leonard Peikoff)

President Obama’s policies require that we reject logic and go along with his ideas. Anything goes. Contradictions are rampant.

But where are we going?

This segment is a part in the series : Capitalism 2.0