According to George Monbiot, Objectivism is a belief system that contends that selfishness is good, altruism evil, empathy and compassion irrational and destructive. It's Ayn Rand's philosophy and becoming very popular in the US.
It's the perfect justification for capitalism. This seems to be what has informed Tory policy for most of the 20th century and is probably behind the government's desire to reduce the role of the State - they believe in the survival of the fittest. The rich survive because they deserve to. The rest of us are runts and parasites and they want rid of us.
'Apart from the police, the courts and the armed forces, there should be no role for government: no social security, no public health or education, no public infrastructure or transport, no fire service, no regulations, no income tax.'
Could it work?
www.guardian.co.uk/commentisfree/2012/mar/05/new-right-ayn-rand-marx