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FRIDAY PHILOSOPHISING: Are you a secret Ayn Randist?

After decades of neglect, the 20th century Russian American novelist/philosopher is experiencing something of a resurgence.

Copies of Ayn Rand's hefty book, 'Atlas Shrugged,' apparently leapt 250% in the first half of 2009 vs. the same period of 2008, and Matt Taibbi has credited her disciples with being the primary cause of the global financial crisis.

"In the Randian ethos, called objectivism," writes Taibbi, "the only real morality is self-interest, and society is divided into groups who are efficiently self-interested (the rich) and the ''parasites'' who wish to take their earnings through taxes."

The 'Economics Journal' elaborates on the Randist way:

"If the best scientists, philosophers, economists, musicians, bankers and businessmen suddenly disappear from the society, how would the society react? Particularly if the society is used to earning most of its taxes from its top 1% of the creators, what would the government do?

If somebody whiles away his time and stays poor, while his classmate works hard and reaches the top echelons of the society, who is more valuable to the society? Why does one benefit from the society while the other is punished by the same? While the socialists see the former as the victim and latter as an example for greed and inequality, the Randists think the reverse.

...The person whom we thought of as really successful is in fact the victim. He is constantly made to be ashamed of the fact that he is rich and made guilty of the fact that people are poor. And of course he has to pay many times the tax of his lazy classmate for the "privilege" of being a part of the society."

Randism evidently has its intellectual limitations, not least the fact that if existing, 'scientists, philosophers, economists, musicians, bankers and businessmen' disappeared from society, others would simply take their place.

However, there are clear parallels with Randist notions and the presumption that if UK taxes rise too high, the City's best bankers will disappear to Hong Kong/Dubai. Are bankers Randists? Discuss....

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AUTHOReFinancialCareers UK Insider Comment
  • LC
    LC
    23 May 2010

    Ayn Rand was a life-long opponent of central banking so it is simply absurd to blame her for the inevitable consequences of central banking.

    'Atlas Shrugged' is not the type of book that will ever appeal to those who yearn for power over others nor those who relish the thought of telling other people how to live their lives.

    The bad guys know who they are and they know what they are too, so their hostility to Rand is predictable.

    If you have not yet read any of Ayn Rand's books you might like to consult some of the links available at the Ayn Rand Institute.

  • Mi
    Michael A
    23 May 2010

    The one single item in Rand's books that cause people on the left to attack it so savagely is the concept that people who pay high taxes deserve thanks for it. No form of socialism movement can function ideologically at all if you must give moral acclaim to those who pay the highest taxes. Rather, they all hammer home that rich people should be grateful to society for allowing them to become rich, and be grateful for what they are allowed to keep of what they have leeched from the rest of society. Take away "taxes deserve thanks" from Rand's book and it's just a fairytale - put it into any society and you have ruled out all forms of leftist movements.

  • ra
    randworshipper
    22 May 2010

    Rand rocks!

  • De
    Desai
    22 May 2010

    Greenspan is an Ayn Randist ... need I say more ?

  • Jo
    John Galt
    22 May 2010

    They don't disappear - they go on strike!

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