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To: Still Thinking
I agree completely. The terms Rand describes as "savage" aren't a great deal different from laissez-faire capitalism when you come right down to it. A "ruthlessly absolute observance of one's given word" is, after all, what contracts and titles exist to ensure. Francis Fukuyama - yes, he of the "End of History" notoriety - made the case in his book Trust that that particular virtue is capitalism's sine qua non, and that high-trust societies such as Japan and Germany have an advantage in forming capitalist enterprises because of it.

This is, certainly, "guerrilla" capitalism in action, but it does have a cleanliness and clarity that we will encounter again in three chapters or so in the Atlantis that has been hinted at. It will be interesting to compare the two at that point and see if we can discern a difference. I'm inclined to state that there is not, but we've a way to go before we can reach any reasoned conclusion.

24 posted on 04/25/2009 4:21:57 PM PDT by Billthedrill
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To: Billthedrill; Publius
Without being too specific....it is already starting. I have heard of a few companies that are completely off the books so to speak. Turning out fine products completely under the radar. Getting raw material on their word to pay when the end product is sold. (Now, for all you unfriendly lurkers out there, I have no personal knowledge of any of this....just hearing things at the barbershop as they say).

But when it finally comes, Galt's Gulch will turn out not to be a geographic place at all, but a state of mind. A secret brotherhood much like the Resistance in Nazi Europe.

Anyway, great work again fellows!!

28 posted on 04/25/2009 5:06:34 PM PDT by mick (Central Banker Capitalism is NOT Free Enterprise)
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