Popular discussions of economics—with their focus on macroeconomic factors such as GDP, total unemployment, total jobs numbers, etc.—often reflect a collectivist mindset. This contributes to the America-versus-the-world tribalism inherent in today’s calls for tariffs and immigration restrictions. By contrast, the individualist approach embraces economic freedom and global trade.

This video was recorded at AynRandCon in Atlanta, Georgia, on November 3, 2018.