Why Ayn Rand Is Wrong (and Why It Matters)
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And so it was that in October , the mother of all Objectivist reckonings came to pass: The Span had to defend his disastrous policies to Congress one Thursday afternoon and explain why the U. Here is what he said to that mob of furious congressmen who made up the House Committee on Oversight and Government Reform.
Just follow the money. Waxman of California, chairman of the committee. He found a flaw! It takes your breath away. If Alan Greenspan had had a lick of sense he would have known that the jig was up and it was time for him to say, Ayn Rand was the biggest dope on record, except for me, because I listened to her. So Greenspan maintained his convictions to the last. Even in with the shit engulfing the fan, he was still trying to prevent more stringent securities regulation. He found a flaw and then he lost it again, pretty much instantly.
The remains of the market are sitting right in front of him in a smoking ruin and what is his prescription? Nobody ever went to jail or even really had his hand slapped, except for Bernie Madoff. Have we learned anything? Quite the contrary. Matters are substantially worse, in fact. The Trump administration has rolled back the few inadequate curbs on runaway greed that a government held captive by Republicans managed to place on the financial services industry in the wake of the crisis.
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Greenspan and all these free marketers, Silicon Valley potentates, venture capitalists and bankers—who all just love Ayn Rand, self-sufficiency and rugged individualism—would never see themselves as the looters. So much for the triumph of individualism. Each comment or response costs a tiny ETH fee of 0.
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The absurdities of our global economic system had arrived, via mysteriously luxurious Trojan food cart, in my neighborhood. Whatever one may think of "the American Dream" the phrase is, in its original meaning, an egalitarian dream. You have an old version of the MetaMask extension installed. Before we can continue, you must install the latest version.
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Ayn Rand (Stanford Encyclopedia of Philosophy)
Your comment tip has been processed! Thank you so much. The comment author will appreciate it a lot, and so do all of us at Popula. In order to receive tips on your comments, you must have a wallet address saved. Or, you can: Copy wallet address from MetaMask. Skip to content Screenshot: YouTube. See more. Share this: Email Twitter Reddit Pocket. In honor of the 62nd anniversary of the publication of Atlas Shrugged That pill-popping, boy-crazy nincompoop Ayn Rand has got a lot to answer for.
Okay, so what is Objectivism, exactly? The Span in happier days. Photo: Wikimedia Commons. A surprisingly good book. Comments on The failures of Ayn Rand.
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