To redeem both man and morality, it is the concept of “selfishness” that one has to redeem.
The first step is to assert man’s right to a moral existence—that is: to recognize his need of a moral code to guide the course and the fulfillment of his own life . . . .
The reasons why man needs a moral code will tell you that the purpose of morality is to define man’s proper values and interests, that concern with his own interests is the essence of a moral existence, and that man must be the beneficiary of his own moral actions.
The choice of the beneficiary of moral values is merely a preliminary or introductory issue in the field of morality. It is not a substitute for morality nor a criterion of moral value, as altruism has made it. Neither is it a moral primary: it has to be derived from and validated by the fundamental premises of a moral system.
The Objectivist ethics holds that the actor must always be the beneficiary of his action and that man must act for his own rational self-interest. But his right to do so is derived from his nature as man and from the function of moral values in human life—and, therefore, is applicable only in the context of a rational, objectively demonstrated and validated code of moral principles which define and determine his actual self-interest. It is not a license “to do as he pleases” and it is not applicable to the altruists’ image of a “selfish” brute nor to any man motivated by irrational emotions, feelings, urges, wishes or whims.
This is said as a warning against the kind of “Nietzschean egoists” who, in fact, are a product of the altruist morality and represent the other side of the altruist coin: the men who believe that any action, regardless of its nature, is good if it is intended for one’s own benefit. Just as the satisfaction of the irrational desires of others is not a criterion of moral value, neither is the satisfaction of one’s own irrational desires. Morality is not a contest of whims . . . .
A similar type of error is committed by the man who declares that since man must be guided by his own independent judgment, any action he chooses to take is moral if he chooses it. One’s own independent judgment is the means by which one must choose one’s actions, but it is not a moral criterion nor a moral validation: only reference to a demonstrable principle can validate one’s choices.
Just as man cannot survive by any random means, but must discover and practice the principles which his survival requires, so man’s self-interest cannot be determined by blind desires or random whims, but must be discovered and achieved by the guidance of rational principles. This is why the Objectivist ethics is a morality of rational self-interest—or of rational selfishness.
Since selfishness is “concern with one’s own interests,” the Objectivist ethics uses that concept in its exact and purest sense. It is not a concept that one can surrender to man’s enemies, nor to the unthinking misconceptions, distortions, prejudices and fears of the ignorant and the irrational. The attack on “selfishness” is an attack on man’s self-esteem; to surrender one, is to surrender the other.
Source: Ayn Rand Lexicon
