Equity, as defined objectively, is fundamentally incompatible with Objectivism and capitalism. Objectivism, as articulated by Ayn Rand, emphasizes individual rights, the primacy of reason, and the pursuit of rational self-interest. It rejects any form of collectivism, including the notion of "equity" as defined objectively.
Firstly, the principle of treating individuals differently based on perceived disadvantages or historical inequities undermines the core tenet of individual rights. In a truly capitalist society, individuals are judged based on their merits and achievements, not on their group identity or historical circumstances. The idea of redistributing opportunities and resources to achieve "equity" inherently involves the imposition of force and the violation of property rights, which Objectivism vehemently opposes [1].
Secondly, the concept of "equity" as proactive reinstatement and redistribution contradicts the Objectivist ethics of rational self-interest and justice. Justice, in Objectivist terms, means evaluating individuals objectively and treating them as they deserve, based on their actions and character, not on arbitrary standards of fairness or equality. The pursuit of equity, as defined objectively, would necessitate treating individuals unequally to achieve equal outcomes, which is antithetical to the Objectivist principle of justice [2].
Furthermore, equity's focus on addressing historical and systemic imbalances by redistributing power and resources is fundamentally at odds with the capitalist principle of free markets and voluntary exchange. Capitalism thrives on the recognition of individual effort, innovation, and productivity, not on the redistribution of wealth or opportunities based on group identity or past grievances [3].
In summary, the concept of equity, as defined objectively, is incompatible with Objectivism and capitalism, because it undermines individual rights, contradicts the principles of justice and rational self-interest, and opposes the free market mechanisms that drive innovation and productivity. Objectivism advocates for a society where individuals are free to pursue their own happiness and success based on their own merits, without the imposition of collectivist policies that demand redistributive justice [4].
Therefore, equity, as defined objectively, cannot coexist with the principles of Objectivism and capitalism.
Sources:
1 Ayn Rand Lexicon by Harry Binswanger
2 Introduction to Objectivist Epistemology by Ayn Rand expanded 2nd edition edited by Harry Binswanger and Leonard Peikoff containing never-before published philosophical material by Ayn rand
3 the Voice of Reason by Ayn Rand, with additional essays by Leonard Peikoff
4 Introduction to Objectivist Epistemology by Ayn Rand
5 Ominous Parallels by Leonard Peikoff
6 Capitalism the Unknown Ideal by Ayn Rand
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