Showing posts with label Ayn Rand's Objectivism. Show all posts
Showing posts with label Ayn Rand's Objectivism. Show all posts

Thursday, August 16, 2012

John Carney — Paul Ryan's Catholic Capitalism


John takes the other side from  Victoria Beklempis and sees no fundamental disconnect between Aquinas and market capitalism.

CNBC NetNet
Paul Ryan's Catholic Capitalism
John Carney | Senior Editor

This is not an argument that we have heard the end of yet, and I suspect that Ryan will be drawn into it as people look for clarification.

Tuesday, March 27, 2012

An Objectivist America would be a dark age of unhindered free enterprise, far more primitive and Darwinian than anything seen before



(h/t to blog reader, John.)

"An Objectivist America would be a dark age of unhindered free enterprise, far more primitive and Darwinian than anything seen before."

Chilling summary of what life would look like under Ayn Rand's doctrine of Objectivism. Realize that this is not just some scary fiction: her ideas are being pushed by people like Paul Ryan the entire Conserative movement.

Excerpts below and read full article from Alternet here.

"In an Objectivist world, the reset button would be pushed on government services that we take for granted. They would not be cut back, not reduced -- they would vanish. In an Objectivist world, roads would go unplowed in the snows of winter, and bridges would fall as the government withdrew from the business of maintaining them -- unless some private citizen would find it in his rational self-interest to voluntarily take up the slack by scraping off the rust and replacing frayed cables. Public parks and land, from the tiniest vest-pocket patch of green to vast expanses of the West, would be sold off to the newly liberated megacorporations. Airplane traffic would be grounded unless a profit-making capitalist found it in his own selfish interests to fund the air traffic control system. If it could be made profitable, fine. If not, tough luck. The market had spoken. The Coast Guard would stay in port while storm- tossed mariners drown lustily as they did in days of yore. Fires would rage in the remnants of silent forests, vegetation and wildlife no longer protected by rangers and coercive environmental laws, swept clean of timber, their streams polluted in a rational, self-interested manner by bold, imaginative entrepreneurs."

"The poor and elderly, freed from dependence on character-destroying, government-subsidized medical care, would die as bravely and in as generous quantities as in the romantic novels of a bygone era."

"Minimum wage laws would come to an end, providing factory owners and high- tech startups alike with a pool of cheap labor competitive with any fourth-world kleptocracy. All laws protecting consumers would be erased from the statute books."

"Mass transit would grind to a halt in the big cities as municipal subsidies come to an end."

"Corporations would no longer be enslaved by antitrust laws, so monopolies and globe-spanning, price-fixing cartels would flourish. The number of publicly held corporations would be reduced to a manageable, noncompetitive few. Big Pharma would manufacture drugs without adequate testing for safety and efficacy—deterred only by concern for their reputation, as described by Greenspan in 1963. Except that with competition reduced by mergers and legal price-fixing, the market would be a feeble substitute for even the FDA."

The author goes on to say...

"Those of us who oppose Rand’s vision of radical capitalism need to read Rand and understand the flaws in her assumptions and illogic of her vision, just as people during the Cold War studied Communism so as to more effectively oppose it. Having read and understood her books and essays, one is in a better position to identify and then to respond to the right’s extremist agenda, and to recognize her ideology when it becomes manifest in society."

Truer words have never been spoken.

Alternet article.