Vail Daily (CO)
There’s a belief that through the individual incentives within a capitalist system, that the macro economy could grow indefinitely through specialization. Ayn Rand and Adam Smith both claimed that when people work through their own rational self-interest, the economy grows as a whole through competitive means. Is it true? Yes — sort of. There are two reasons why capitalism could potentially fail in the long-term, and yes, I’m trying to get back to those big-picture problems aforementioned.
Post Independent (Glenwood Springs, CO)
…it is safe to say that the “freedom” Mr. Talbott really cares about is economic in nature, so long as he directly benefits. The Randian freshwater economic policies that I suspect he ascribes to are directly responsible for creating massive income inequality in this country, often forcing two parents to work in order to make ends meet, or even giving one parent the “freedom” to work multiple jobs. These laissez-faire policies also give “freedoms” to insurance companies and hospitals to charge you outrageous sums of money, because “How much are you willing to pay to live?” is what makes maximum profit possible.
The world has changed, Mr. Talbott.
Yaron Brooks, the Israeli-American president of the Ayn Rand Institute has become one of the main propagators of the ideals of Objectivism, and the ideas of the ‘individual’ within the Israeli state. Yet, I fear that although Atlas Shrugged sales are soaring, not enough people are hearing the message it has been propagating for the last 50 years: the importance of individualism, especially today when collectivism, and “groupthink” is becoming increasingly prevalent.