The Individual, Economy, and Global Society: Innovation and Transformation for a Sustainable Tomorrow

Abstract

Ayn Rand (2011) argued that a capitalized economy needs safeguards. In this juncture, the author explores the ethical issues of Objectivism, the burdens and primary concerns of the individual, and, more importantly, his decisions and consequences. Due to Rand’s contributions to laissez-faire capitalism, this paper attempts to critique and evaluate her ethical views as there are multidimensional effects of the current generation affecting the individual. An interdisciplinary perspective is essential in approaching the diverse agencies that affect the individual in the contemporary economic discourse amidst a constantly fluctuating social, economic, and political context. This philosophical endeavor aims to participate in the dialogue of sustainability to various disciplines for a broader perspective, upholding the acknowledged and esteemed person in the fullness of his/her dignity. The thoughts of Rand underscored politico-economic freedom and, most significantly, sustaining free thinking. On the economic side, the abuse of capitalism will result in injustice and exploitation. Our global society becomes an arena of the destruction of people's dignity and the common good. Thus, to live with authenticity means accountability of the individuals in the globalizing world and a call for solidarity for those who have the least access to the common goods. Living life in its fullest and most profound meaning was redefined.