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Ep 227: "What is Capitalism?" - an encounter between Objectivism and Critical Rationalism.

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Democracy vs. Individual Rights

This chapter discusses the complex interplay between democracy and individual rights, challenging the assumption that majority rule guarantees liberty. It uses historical examples, such as the trial of Socrates, to illustrate the risks of majoritarianism and the importance of protecting individual freedoms. Additionally, the chapter critiques contemporary democratic practices, emphasizing that free speech and capitalism are essential for a functioning democracy while cautioning against the elevated status of democratic ideals over individual rights.

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