Objectivism is the philosophy of Ayn Rand. This philosophy has been the butt of criticism since its conception. This paper reviews and refutes the misconceptions of the philosophy widely held by most critics. It covers such issues as the morality of ethical egoism, criticisms of the media and criticisms of Ayn Rand's closest friends.
From the Paper:
"A major criticism of Objectivism is the idea that basing morality on self-interest is impractical (Bass). It is understandable that this concept receives criticism. It directly opposes all traditional philosophies, which are altruistic. However, the reasoning behind Rand's idea more than supports her views. The sole basis for Objectivism is that the individual's ultimate value is his life. This idea is perfectly logical. If an individual has nothing in life, he still has his life. If an individual does not have life, he is nothing. With this in mind, basing thought on self-interest is far more logical than self-sacrifice (altruism)."