--- title: "Meaning & Key Takeaway of: It is often asked: Why was capitalism…" description: "\"“It is often asked: Why was capitalism destroyed in spite of its incomparably beneficent record? The answer lies in the fact that the lifeline feeding ..." image: "https://sms4smile.com/quotes/i/fb4/ayn-rand-59_aristotle_it-is-often-asked-why-was-capitalism-des_754206.jpg" --- # It is often asked: Why was capitalism destroyed in spite… ![“It is often asked: Why was capitalism destroyed in spite of its incomparably beneficent record? The answer lies in the fact that the lifeline feeding any social system is a culture’s dominant philosophy and that capitalism never had a philosophical base. It was the last and (theoretically)…” quote by Ayn Rand](https://sms4smile.com/quotes/i/fb4/ayn-rand-59_aristotle_it-is-often-asked-why-was-capitalism-des_754206.jpg) [Download](https://sms4smile.com/quotes/i/fb4/ayn-rand-59_aristotle_it-is-often-asked-why-was-capitalism-des_754206.jpg) [Open image](https://sms4smile.com/quotes/i/fb4/ayn-rand-59_aristotle_it-is-often-asked-why-was-capitalism-des_754206.jpg) > ““It is often asked: Why was capitalism destroyed in spite of its incomparably beneficent record? The answer lies in the fact that the lifeline feeding any social system is a culture’s dominant philosophy and that capitalism never had a philosophical base. It was the last and (theoretically) incomplete product of an Aristotelian influence. As a resurgent tide of mysticism engulfed philosophy in the nineteenth century, capitalism was left in an intellectual vacuum, its lifeline cut. Neither its moral nature nor even its political principles had ever been fully understood or defined. Its alleged defenders regarded it as compatible with government controls (i.e., government interference into the economy), ignoring the meaning and implications of the concept of laissez-faire. Thus, what existed in practice, in the nineteenth century, was not pure capitalism, but variously mixed economies. Since controls necessitate and breed further controls, it was the statist element of the mixtures that wrecked them; it was the free, capitalist element that took the blame.”” [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Capitalism lacks a coherent philosophical foundation, leading to its vulnerability when cultural ideas shift, especially toward mysticism. **In simple terms:** Capitalism needs a solid philosophical base. Key Takeaway Develop clear philosophical support for economic systems. Themes economics philosophy culture politics Mood analytical critical Type academic political When to use this quote - policy making - business strategy - educational curricula - public discourse Key Concepts Aristotelianism laissez‑faire mixed economies Questions to Reflect On - What philosophical principles should underpin a free market? - How can societies protect economic systems from cultural shifts? 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He is an unimaginative thinker, but his results demand our…](https://sms4smile.com/quotes/liu-cixin/this-is-galileo-said-aristotle-he-advocates-understanding-the-world/) [Liu Cixin](https://sms4smile.com/quotes/author/liu-cixin/) ## More by Ayn Rand > [There are no white lies, there is only the blackest of destruction, and a white lie is the blackest of all.](https://sms4smile.com/quotes/ayn-rand/there-are-no-white-lies-there-is-only-the-blackest-of-destruction-and/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [She watched the prairies the rivers, the towns slipping past at an untouchable distance below - and she noted that the sense of detachment…](https://sms4smile.com/quotes/ayn-rand/she-watched-the-prairies-the-rivers-the-towns-slipping-past-at-an/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [“This was reality, she thought, this sense of clear outlines, of purpose, of lightness, of hope.”](https://sms4smile.com/quotes/ayn-rand/this-was-reality-she-thought-this-sense-of-clear-outlines-of-purpose/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [A “collective” mind does not exist. 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She thought: To find a feeling that would hold, as their sum, as…](https://sms4smile.com/quotes/ayn-rand/there-was-still-one-response-the-greatest-that-she-had-missed-she/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to…](https://sms4smile.com/quotes/ayn-rand/inflation-is-not-caused-by-the-actions-of-private-citizens-but-by-the/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [“We are fornicating in the sight of six billion people.”](https://sms4smile.com/quotes/ayn-rand/we-are-fornicating-in-the-sight-of-six-billion-people/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [“She was fifteen when it occurred to her for the first time that women did not run railroads and that people might object. To…](https://sms4smile.com/quotes/ayn-rand/she-was-fifteen-when-it-occurred-to-her-for-the-first-time-that-women/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [Fransisco, you're some kind of very high nobility, aren't you?" He answered, "Not yet. The reason my family has lasted for such a long…](https://sms4smile.com/quotes/ayn-rand/fransisco-you-re-some-kind-of-very-high-nobility-aren-t-you-he/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [Have you felt it too? Have you seen how your best friends love everything about you- except the things that count? 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Sheen](https://sms4smile.com/quotes/author/fulton-j-sheen/) > [The ancient Greek philosophers were all natural-born dialecticians and Aristotle, the most encyclopaedic intellect among them, had even already analysed the most essential forms…](https://sms4smile.com/quotes/friedrich-engels/the-ancient-greek-philosophers-were-all-natural-born-dialecticians/) [Friedrich Engels](https://sms4smile.com/quotes/author/friedrich-engels/) > [“I am indebted to my father for living, but to my teacher for living well. { His teacher was the legendary philosopher Aristotle }”](https://sms4smile.com/quotes/alexander-the-great/i-am-indebted-to-my-father-for-living-but-to-my-teacher-for-living/) [Alexander the Great](https://sms4smile.com/quotes/author/alexander-the-great/) > [Aristotle discovered all the half-truths which were necessary to the creation of science.](https://sms4smile.com/quotes/alfred-north-whitehead/aristotle-discovered-all-the-half-truths-which-were-necessary-to-the/) [Alfred North Whitehead](https://sms4smile.com/quotes/author/alfred-north-whitehead/) > [The bourgeois thinkers of the eighteenth century thus turned Aristotle's formula on its head: satisfactions which the Greek philosopher had identified with leisure were…](https://sms4smile.com/quotes/alain-de-botton/the-bourgeois-thinkers-of-the-eighteenth-century-thus-turned/) [Alain de Botton](https://sms4smile.com/quotes/author/alain-de-botton/) > [“We are what we repeatedly do. —Aristotle”](https://sms4smile.com/quotes/joe-navarro/we-are-what-we-repeatedly-do-aristotle/) [Joe Navarro](https://sms4smile.com/quotes/author/joe-navarro/) > [“When the point of education becomes the production of credentials rather than the cultivation of knowledge, it forfeits the motive recognized by Aristotle: "All…](https://sms4smile.com/quotes/matthew-b-crawford/when-the-point-of-education-becomes-the-production-of-credentials/) [Matthew B. 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The answer lies in the fact that the lifeline feeding any social system is a culture’s dominant philosophy and that capitalism never had a philosophical base. It was the last and (theoretically) incomplete product of an Aristotelian influence. As a resurgent tide of mysticism engulfed philosophy in the nineteenth century, capitalism was left in an intellectual vacuum, its lifeline cut. Neither its moral nature nor even its political principles had ever been fully understood or defined. Its alleged defenders regarded it as compatible with government controls (i.e., government interference into the economy), ignoring the meaning and implications of the concept of laissez-faire. Thus, what existed in practice, in the nineteenth century, was not pure capitalism, but variously mixed economies. 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