In an absolute world, any "ism" is wrong. The freedom to choose one's own entrepreneurial endeavours is one tricky proposition. What if it is an entrepreneurial thief? Just as Ayn Rand stressed the importance of a free will, there is also the idea of ethical objectivism which places the boundary of free will in such a way it doesn't interfere with the rights of another.

The first time a community comes together to build a road ... they have started on a path toward socialism. At that point, they have a social contract with each other to build the road. Initially, it is the action of active partners. Unfortunately, laziness develops where the individuals hand over the responsibility of building the road to a "representative". Once again it is initially relatively harmless but as the individual becomes further removed from the process, it becomes more harmful. Eventually, both the responsibilities but also the rights of the individual are taken over by the "representative" who not only makes the road but dictates that a road must be made. This is an artifact of centralizing governments. Eliminating taxes and strengthening property rights is not sufficient. People need to pull back not only the rights but also accept more responsibility.