IBTP
Ping! The thread is up.
Prior threads:
FReeper Book Club: Introduction to Atlas Shrugged
Part I, Chapter I: The Theme
Part I, Chapter II: The Chain
Part I, Chapter III: The Top and the Bottom
Part I, Chapter IV: The Immovable Movers
Part I, Chapter V: The Climax of the dAnconias
Part I, Chapter VI: The Non-Commercial
Part I, Chapter VII: The Exploiters and the Exploited
Part I, Chapter VIII: The John Galt Line
Part I, Chapter IX: The Sacred and the Profane
Part I, Chapter X: Wyatts Torch
Part II, Chapter I: The Man Who Belonged on Earth
Part II, Chapter II: The Aristocracy of Pull
Part II, Chapter III: White Blackmail
Part II, Chapter IV: The Sanction of the Victim
Part II, Chapter V: Account Overdrawn
Part II, Chapter VI: Miracle Metal
Part II, Chapter VII: The Moratorium on Brains
Part II, Chapter VIII: By Our Love
Part II, Chapter IX: The Face Without Pain or Fear or Guilt
Part II, Chapter X: The Sign of the Dollar
Part III, Chapter I: Atlantis
Part III, Chapter II: The Utopia of Greed
Part III, Chapter III: Anti-Greed
Thanks for the analysis and insight.
Always appreciated here.
I found it to be very readable, as timely now as is Atlas Shrugged, and a key character is ... Henry M. Galt!
ML/NJ
To the first and second questions, James Taggart is running out of things to destroy. A man unaware of the nature of John Galt’s plan would believe that he won. He wrecked Hank Rearden’s greatest successes, in his business and in his personal life. He has just destroyed D’Anconia Copper. The other railroads are collapsing under the burden of James Taggart’s schemes.
The story begins with James Taggart as the envious brat among Dagny, Francisco, and Eddie Willers. Francisco makes a fool of him with the speedboat and Dagny and Eddie ignore him. In a monarchy, James would be the acknowledged leader by virtue of his birthright. In a meritocracy, James is the bottom rung of the children's hierarchy. It made me wonder how the Taggart family could raise two children of such disparate abilities and attitudes. It was New York, therefore Mrs. Taggart was secretly banging the proto Eliot Spitzer. That's my story and I'm sticking to it.
James never had to destroy Eddie Willers because Eddie wasn't a threat to his ego. He attacked his own sister through the theft of Rearden Metal. A blow to Rearden was a blow to Dagny. His friends will steal everything Francisco has. Now what can he do? Destroying little people has no meaning for him. He considers them insignificant. They were never more than objects to be used in his schemes.
The beggar serves several purposes. He is the antithesis of Franciso’s money speech. Francisco praised money as a tool to enable trade between men of minds and men of labor. He said that the value of money was not in the gold it represented but in its ability to allow men to establish an objective value and trade to each others’ benefit. James gives a hundred dollar bill to a bum, similar to perhaps a few thousand dollars today. Neither man even acknowledges the gift. They have nothing to offer each other. As a consequence, the money is meaningless.
Now James is confronted with the effects of his public speeches about the evil of money and his hypocritical actions in accumulating it. He is now profoundly wealthy. But his wealth came by destroying people like Wyatt, Rearden, and D’Anconia. Who now is worthy of destruction? James convinced the world that money had no value, making sure to acquire it on the sly. His schemes have concluded. He convinced everyone that money has no value. His own money has no value. He doesn't care. He realizes that he was destroying men for the sake of destroying them, not for personal gain.
Cheryl identifies him. James Taggart is a killer for the sake of killing. That fogbound alley, a staple of monsters and murders in the days of black and white films, is the place where the killer reveals his true identity when he destroys people who lived by trust. The headlight is the light shone by the men who pursue the killer, whether townspeople with torches or police in patrol cars, when they finally realize what they are fighting. Rand's cinematic background shows through.
In his autobiography, Eddie Rickenbacker relates an incident that happened to he and his wife in post WW1 Germany.
Mr. Rickenbacker and his wife were staying in a hotel in Germany. Rickenbacker tipped, if I remember correctly, the hotel maid and bellhop. Both maid and bellhop, according to Rickenbacker, treated the tips with something approaching disdain. But, Rickenbacker was chastised by his wife for being so overly generous.
Later, Rickenbacker did some checking and figuring, and realized he’d hardly given the two anything in the way of a tip, due to post war inflation and that he’d incorrectly figured the rate of exchange. So, Mr. Rickenbacker went back and tipped appropriately.
My thoughts on this Mr. Rickenbacker and the tipping incident have always been twofold: 1. He went back and did the right thing. But: 2. The pair should have accepted the original tip gracefully and not acted in such a snide manner.
I’ve often thought of the above when Ayn has the bum receive charity. Jim gives the money because he can, and the bum accepts the money, without even thanks, because he expects it.
It’s quite obvious society in AS has reached the point where those that have expect to support those who don’t. That bums like those pictured in this chapter have reached the point where living off of other people is a normal part of life.
Sorry I’m late to this again. Another trip out of town, this time to see the future in-laws.
This screams "Katrina" to me. People reacted to the $2000 debit cards the same way.
ping