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?
Rand and the weather
Ayn Rand hated altruism. How would she have responded to natural disaster?
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.
Atlas Shrugged – the sequel
Ayn Rand was a great one for setting up ‘straw man’ imagined futures, as a way of showing how terrible things would be if her precepts were not followed. It seems fair enough, therefore, to play that same game with her imagined future, as presented in ‘Atlas Shrugged’ and imagine what would have happened next.