rsn | ver the past year, I've been reading and reviewing Ayn Rand's massive paean to capitalism
[3], Atlas Shrugged. If you're not familiar with the novel, it depicts a
world where corporate CEOs and one-percenters are the selfless heroes
upon which our society depends, and basically everyone else —
journalists, legislators, government employees, the poor — are the
villains trying to drag the rich down out of spite, when we should be
kissing their rings in gratitude that they allow us to exist.
Rand's protagonists are Dagny Taggart, heir to a
transcontinental railroad empire, and Hank Rearden, the head of a steel
company who's invented a revolutionary new alloy which he's modestly
named Rearden Metal. Together, they battle against evil government
bureaucrats and parasitic socialists to hold civilization together,
while all the while powerful industrialists are mysteriously
disappearing, leaving behind only the cryptic phrase "Who is John Galt?"
Atlas Shrugged is a work of fiction, but as far as
many prominent conservatives are concerned, it's sacred scripture. Alan
Greenspan was a member of Rand's inner circle, and opposed regulation of
financial markets because he believed her dictum that the greed of
businessmen was always the public's best protection. Paul Ryan said that
he required his campaign staffers to read the book, while Glenn Beck
has announced grandiose plans to build his own real-life "Galt's Gulch,"
the hidden refuge where the book's capitalist heroes go to watch
civilization collapse without them.
Reading Atlas Shrugged is like entering into a strange
mirror universe where everything we thought we knew about economics and
morality is turned upside down. I've already learned some valuable
lessons from it.
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