Randroids will claim there is plenty of room in Utopian Randocracy for the low value worker to realize their full potential by working for whatever pay they can negotiate with the more affluent members of the society who will surely pay them a fair wage (because we all know that the albor pool shrinks if wages are too low, better to starve than to work for less than you are worth) and its not like charity will be outlawed, it just won’t be imposed.
According to many Rand acolytes these days the tax issue is a feature not a bug.
The specific narrow definition of “public good” does not include things like public education and universal health care, that includes subsidy of emergency rooms for those who don’t have the ability to pay. Its not like it is unheard of for people to die on the hospital doorsteps for lack of ability to pay in other parts of the world.
So how is it relevant in policy discussions in the US today? Why are so many of her acolytes waving her books around like the bible duiring the inquisition? Do we still need an alternative to communism?
Was she a lonely voice in the wind or were there a lot of people (as well as some economists) saying the same thing.
And her ideas are being used to dsiassemble that system peice by peice.
Of course not, its just the likely result of her “vision”
If only we had tried a society where the social safety net was based on the charity of the willing. :rolleyes:
That is the world before we created these social safety nests. Oliver Twist lived in that world and in one of the wealthiest countries in the world at the time. When you don’t have a social safety net, any bad turn in the economy can have horrible results.
there is a good Kenyan comedy called “the Samaritan” that pokes fun at how painfully dysfunctional the NGO space is in Africa.
It is really hard for one country to provide a social safety net for another country. But that is hardly an argument against domestic social safety nets.
And how do you think the Rand acolytes feel about that? They think we’re halfway through the book right now. Someone is about to set fire to his oilfields and go live in Galt’s Gulch.
And unless you are including religious charities, its never been sufficient to provide even even the basics. Heck if it weren’t for religious institutions and tithing (which are just as anathema to Rand as government and taxes) orphans would have starved in the streets.
People help those that they see directly around them so the homeless in Palo Alto will probably be all right. Your really think that people would donaate enough to a national charity to feed starving orphans in Detroit?
Its the only way it actually gets done. In the history of mankind can you name a time when you think we have provided an adequate safety net without the coercion of government or religion being involved?
Well it also appeals to a significant percentage of the 99%ers that think they will be 1%ers one day and there are a lot of 1%ers who recognize that there was more than a bit of luck involved in becoming a 1%er.
And yet so many of her acolytes feel like its going on in this country right now.
I think you need to reread my posts in light of what I said. Where do i say that reardon or any of the heroes in Atlas were actually villians. I was talking about the real life folks who take on the mantle of Atlas heroes to jsutify their actions.
No they’re not Bernie Madoff (and I notice you don’t defend Jobs). Bill gates didn’t invent Windows. Warren Buffett is a money manager who invests money in good companies that are undervalued, I don’t think he even changes the management (he picks companies that generally have good management already), so I’m not sure how much value he creates that wouldn’t have been created anyway. but TBH, the only less than virtuous thing I have seen him do was throw up all sorts of defenses for the bad behaviour of Moody’s after he acquired a large stake in them. He did this in front of regulators and legislators in testimony where he downplays the culpability of ratings agencies generally and moody’s in particular.
You always pay them enough to live, just don’t pay them enough to dream.
 Gods these threads are so predictable, but still so fun.
  Gods these threads are so predictable, but still so fun.