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Is Ayn Rand Bad for the Market?
Wall Street Journal ^ | 4 Dec. 2009 | Heather Wilhelm

Posted on 12/04/2009 7:52:57 AM PST by Titus Quinctius Cincinnatus

Say what you will about Ayn Rand, but one thing is certain: She had no use for common niceties. A grimly precocious, friendless Rand declared her atheism at age 13. "Atlas Shrugged," Rand's secular sermon-as-novel, boils with revulsion toward the "looters" and "moochers" who consume public funds. Rand scornfully excommunicated followers who disagreed with her, and in 1964 she told Playboy that those who place friends and family first in life are "immoral" and "emotional parasites."

Shoddy manners aside, 52 years after the release of "Atlas Shrugged," Rand seems to be roaring back. Sales are surging—Brian Doherty, author of "Radicals for Capitalism" (2007), recently calculated that in one week in late August, "Atlas" sold "67 percent more copies than it did the same week a year before, and 114 percent more than that same week in 2007." Two buzzed-about Rand biographies hit the shelves this fall, and an "Atlas" cable miniseries is reportedly in the works. Designer Ralph Lauren recently listed Rand as one of his favorite novelists, and CNBC host Rick Santelli, whose on-air antibailout rant inspired hundreds of "tea party" protests across the nation, admitted the same. "I know this may not sound very humanitarian," he said, "but at the end of the day I'm an Ayn Rand-er...."

(Excerpt) Read more at online.wsj.com ...


TOPICS: Constitution/Conservatism; Philosophy
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To: Titus Quinctius Cincinnatus
Rand was great with the underlying ethical principals of capitalism but gave no real indication that she understood (or even cared about) the intricacies of actual market dynamics. But certain of those principles are fairly easy to apply - how many of the recent naked short-sellers could accurately be described as "looters," for example?

There is quite a bit of confusion generated by those who attempt to categorize as "Randian" principles she did not really espouse or even examine in Atlas Shrugged (or anywhere else as far as I know). One might think she'd be libertarian, for example, and find one's head snapped off by her for suggesting it. She wasn't.

It is difficult to distinguish between the no-frills capitalism she idealizes in Galt's Gulch and the barbaric practices of the freelance coal miners she describes in her deteriorating society. The difference is the ability of the State to enforce the dictates protected in the latter case only by "a ruthless observance of one's given word" through the just application of what few laws she allows to apply by a disinterested, Narragansett-like judiciary. That too is a bit of idealization.

The real difficulty, IMHO, is that her narrative and her philosophy don't always agree, and which part is actually "Randian" isn't very easy to determine with any great accuracy. It's certainly fun to speculate, but you will run into contradictions. Just my $0.02.

21 posted on 12/04/2009 10:40:50 AM PST by Billthedrill
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To: Bokababe
In my study of the volume I used an ebook and audiobook.

I took the ebook, PDF format - then converted the whole thing to a massive Doc file and changed the font and word wrap to my liking so it was handy reading on my netbook.

The audiobook runs 53 hours but it's handy for some passages. For instance, the Galt speech.

22 posted on 12/04/2009 10:57:11 AM PST by Clinging Bitterly (MMM MMM MM!)
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To: goodwithagun
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 d’Anconias
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: Wyatt’s 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
Part III, Chapter IV: Anti-Life
Part III, Chapter V: Their Brothers’ Keepers
Part III, Chapter VI: The Concerto of Deliverance
Part III, Chapter VII: “This is John Galt Speaking”
Part III, Chapter VIII: The Egoist
Part III, Chapter IX: The Generator
Part III, Chapter X: In the Name of the Best Within Us
Coda: Ten Years After
Afterword and Suggested Reading
23 posted on 12/04/2009 11:47:42 AM PST by Publius (Do you want the people who run Amtrak to take out your appendix?)
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To: ADemocratNoMore; Aggie Mama; alarm rider; alexander_busek; AlligatorEyes; AmericanGirlRising; ...
A Wall Street Journal article on Atlas Shrugged.
24 posted on 12/04/2009 12:06:14 PM PST by Publius (Do you want the people who run Amtrak to take out your appendix?)
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To: Publius

bump


25 posted on 12/04/2009 12:21:07 PM PST by Jackknife (Chuck Norris grinds his coffee with his teeth, and boils his water with his rage)
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To: Publius
Better than a lot which have appeared lately, eh?

For her fans, Rand's appeal lies in her big-picture, unified, philosophical approach to man's purpose and the meaning of life. But ultimately ideas need more than size and a potboiler plot to overtake the dominant, big-government political paradigm.

Seems about right. No whining that it's just mean to claim charity shouldn't be forced at gunpoint, and besides she was a tramp.

26 posted on 12/04/2009 1:09:11 PM PST by Clinging Bitterly (MMM MMM MM!)
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To: Billthedrill

Bill, read the article and again, the author allows someone to claim Rand was against altruism.

No, Rand was not against altruism. Rand was fine with altruism, as long as it was done freely without threat of force.

Rand took a dim view of government getting into the business of altruism, because the state takes money by force and one is not given a choice in the matter.

Huge distinction that is always lost on people.


27 posted on 12/04/2009 1:10:30 PM PST by stylin_geek (Greed and envy is used by our political class to exploit the rich and poor.)
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To: stylin_geek
Rand had a rather unique definition of "altruism" more fitted to a logical proposition than an actual descriptive in the English language. According to it one might sacrifice oneself for something one values higher than life - her example was a mother in regard to her child. It was when one sacrificed the good for the less-good that altruism was possible. That was, incidentally, one of her principal objections to Christianity, that Christ the perfect had been sacrificed for the sake of the sinners. God, in that sense, did not live up to Rand's high moral standards. Even if He didn't exist.

Stop snickering.

As we pointed out in the Book Club entries Rand's grasp on Christian theology was somewhat less than perfect. She devotes several paragraphs of Galt's great speech to a description of Original Sin that wouldn't have passed muster in most Sunday Schools, Catholic or Protestant. With a little better background it might have been a formidable argument; as it was, it was mostly a straw man. IMHO, of course, and some pretty smart people disagree with me in that respect.

28 posted on 12/04/2009 2:07:43 PM PST by Billthedrill
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To: Titus Quinctius Cincinnatus

You invest for your own benefit, not for the benefit of the collective.

Putting money in the market right now is a fool’s game as long as the government is trying to sink the economy.


29 posted on 12/04/2009 2:34:25 PM PST by TASMANIANRED
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To: Billthedrill

I’ve long thought that if one could synthesize Rand and Christianity, it would make for an outstanding guiding philosophy.

Of course, as it is, I don’t find Rand and God necessarily incompatible.

For instance, God speaks of hiding “ones light under a bushel basket rather than letting it shine.”

Whereas Rand talks of working in such a manner that demands the best from within you.

The above are definitely not mutually exclusive.

And, I would ask who has done more for people: The person who employs many or the person who donates to those in need?

I submit God doesn’t see much of a distinction between the two.


30 posted on 12/04/2009 2:39:56 PM PST by stylin_geek (Greed and envy is used by our political class to exploit the rich and poor.)
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To: stylin_geek

Almost there, now add in the idea of give a man a fish or teach a man too fish.


31 posted on 12/04/2009 3:18:56 PM PST by EBH (it is the Right of the People to alter or to abolish it, and to institute a new Government)
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To: Titus Quinctius Cincinnatus

ping for later


32 posted on 12/04/2009 4:21:14 PM PST by deadmenvote (goverment is a waste of tax payers money)
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To: Publius

Publius,

I’m currently re-reading (after about 30 years) The Fountainhead. I’m enjoying it more than AS, as it seems to be the micro to the macro. Shoud we revisit it?


33 posted on 12/04/2009 4:31:05 PM PST by Tijeras_Slim (Live jubtabulously!)
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To: painter
When Dagney got together with Hank Reardon is when I really stuck with it and couldn’t put it down either.

You should have scanned ahead to find the steamy parts like most people do.

34 posted on 12/04/2009 5:04:38 PM PST by Misterioso (The uncontested absurdities of today are the accepted slogans of tomorrow. -- Ayn Rand)
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To: stylin_geek
I’ve long thought that if one could synthesize Rand and Christianity, it would make for an outstanding guiding philosophy.

What would a synthesis of oil and water be good for?

35 posted on 12/04/2009 5:07:15 PM PST by Misterioso (The uncontested absurdities of today are the accepted slogans of tomorrow. -- Ayn Rand)
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To: stylin_geek
Of course, as it is, I don’t find Rand and God necessarily incompatible.

Excellent and thought provoking post!

I have always wondered how a true believer could possibly feel threatened by Rands atheism. After all, isn't God the one who created all atheists???

36 posted on 12/04/2009 6:11:01 PM PST by whodathunkit
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To: Titus Quinctius Cincinnatus; PGalt; Dagny&Hank; dAnconia; John_Galt518; Ragnar Danneskjold; ...

Ayn Rand ping


37 posted on 12/04/2009 6:55:05 PM PST by FreeKeys ("Statism survives by looting; a free country survives by production." -- Ayn Rand)
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To: whodathunkit
I have always wondered how a true believer could possibly feel threatened by Rands atheism. After all, isn't God the one who created all atheists???

Excellent point. Only those whose faith is uncertain would feel threatened by an expression of non-hostile atheism. I myself was an atheist Rand fan until I felt the hand of God literally reach into my chest and remove the lung cancer. But then again, mine isn't a blind faith, is it? After all, I'm still relying on the evidence of the senses.

38 posted on 12/04/2009 7:04:19 PM PST by FreeKeys ("Statism survives by looting; a free country survives by production." -- Ayn Rand)
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To: stylecouncilor

AR ping


39 posted on 12/04/2009 7:22:38 PM PST by onedoug
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To: Titus Quinctius Cincinnatus

Considering that after 50-odd years, her ideas are stronger than ever... and have more followers than ever, it’s really a stupid idea to spout off about how we *shouldn’t* follow her ideas because it’ll turn people away.

History has already shown that to be a falsehood.


40 posted on 12/04/2009 8:21:15 PM PST by gogogodzilla (Live free or die!)
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