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The professor in Car no 9

After Rand had finished gloating over the impending demise of the woman in Car No 8, who considered that she had a right to travel on a train merely because she had bought a ticket to do so, there were still plenty of other passengers who were awake and about to meet their well-deserved ends. They included a professor of philosophy.

The value of gold

Gold seems to be enjoying a resurgence, and its fans are promoting the Randian fantasy of a return to a gold standard. But how would that work?

Grenfell

Ayn Rand thought that only government bureaucrats had immunity for the consequences of their mistakes. She was wrong. In today’s world, businessmen share that immunity.

Rand and monopoly

One of the things about which Ayn Rand had something to say in one of her essays on capitalism was the emergence of monopoly. It is clear she had not grasped some of its essential features.

Consequences

Ayn Rand was fond of claiming that if a businessman made a mistake, he suffered the consequences. We shall see how that works out for the executives and board of Crowdstrike. The precedents are not encouaging.