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All You Need to Know About The American Capitalist Party

Mark Pellegrino’s American Capitalist Party challenges the Libertarian Party.

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Kaycee Ikeonu | Canada

Libertarians and Objectivists are often lumped into the same general category in political discourse as “libertarians”, despite the fact that Objectivists often try to distinguish themselves from the broader libertarian label. The founder of Objectivism, for example, Ayn Rand, famously described libertarians as “hippies of the right” and completely rejected comparisons between the two ideologies. However, with the formation of a new pro-liberty party, the American Capitalist Party, comparisons to the Libertarian Party are to be expected.

The American Capitalist Party was founded on the principles of reason, individual rights, limited government, and laissez-faire capitalism. It’s co-founders are Mark Pellegrino and Joe Sanders, and it’s philosophy is heavily influenced by the works of Ayn Rand and her philosophy of Objectivism.

So what makes the American Capitalist Party different from the Libertarian Party?

Superficially, it is obvious that both parties are advocates of individual rights and limited government. According to Mark Pellegrino however, it is the philosophical base of both parties that makes them significantly different. In an interview with the Objective Standard, Pellegrino argued that the ACP views man as a rational animal influenced by reason and reason only. He says:

“The defining difference between the ACP and the Libertarian Party is our respective orientations toward liberty and government, which, in turn, are based on our respective views of human nature and morality. In short, the ACP views men as rational animals—beings who live and prosper by using their minds to understand the world, to produce values, and to trade by mutual consent to mutual advantage. We regard such activities as moral because they advance human life. And we see liberty as a necessary condition for exercising the faculty of reason because, in order to act on your rational judgment, you must be free to do so.”

Pellegrino contrasts this philosophy from that of the Libertarian Party, claiming that the LP has no strong, common philosophical grounding. He says:

“Libertarians don’t see rational thinking, rational action, and moral rights as absolute requirements of human life. Rather, they regard freedom from force—or the “non-aggression principle”—merely as a requirement of economic action and thus as politically good.”

It is evident that the philosophy of the American Capitalist Party is based on a specific moral framework. But this view of politics could be a bit too extreme for mainstream Americans to handle. For example, consistent with the views of Ayn Rand, the ACP advocates the complete separation of the state from the economy. This includes the abolition of many government-run programs, including schools, hospitals, social programs, and regulations. Perhaps the most extreme form of this is the abolition of government regulation in the economy. The ACP website states:

“We support an immediate abolition of all environmentalist legislation that restricts the right of U.S. companies to produce energy, and the establishment of a free market in energy…We confidently maintain that a free market in energy, similar to a free market in computer technology, will attract brilliant minds dedicated to meeting mankind’s energy needs across all technologies—and that to do so effectively, government must be legally restricted from any and all forms of interference.”

Mark Pellegrino acknowledged that these policies wouldn’t be implemented overnight, but would be phased out over time. Insofar as campaigning is concerned, Pellegrino says Idaho, Montana, Alaska, Arizona, and Texas could be the first “battleground states” for the ACP.

The ACP is indeed a unique party quite distinct from the Republican, Democratic and even Libertarian Parties. But one could ask if it’s niche and concentrated philosophy would be attractive to most Americans today.

To learn more about the American Capitalist Party, click here.


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