Ayn Rand Forecasts Economic Disaster from Collectivism & Socialism

Discussion in 'Economics' started by startraitor, May 23, 2011.

  1. No, extreme idealism, while inspiring, never works in practice. This applies equally to Ayn Rand's ideas. I'd say that idealism is actually a very dangerous destructive force.
     
    #41     May 25, 2011
  2. zdreg

    zdreg

    there is a new book with the title I am John Galt which should be of interest.
     
    #42     May 25, 2011
  3. morganist

    morganist Guest

    Although I don't like Objectivism I think Atlas Shrugged was a classic in its own right. I think there are a lot of good attributes aside from the main point. The quotes and sayings like, "Who is John Galt" are classics. I often think that if someone is aware of that saying they are if nothing else well read.
     
    #43     May 25, 2011

  4. I agree with you that over-simplifying an issue is a problem. But on the flip-side, claiming that things are "complex" is a well-established effective method of deception (or rationalization). Sometimes, the emperor really does have no clothes.
     
    #44     May 25, 2011
  5. That's a quote worth saving, remembering.
     
    #45     May 25, 2011
  6. achilles28

    achilles28

    For every 1 Scandinavian Superstar I can point to 20 Countries where high-taxes and huge Government didn't work. Outliers exist in any theory. They don't disprove anything.

    Oil revenue accounts for 25% of Norways GDP. Finland, Denmark, Germany and Sweden all enjoy relatively homogeneous populations who are exceptionally upright. Meaning they don't abuse the system and maintain an exceptional work ethic despite crushing taxes. It's "their way". Further, cost of living in Nordic countries is sky-high. Sure, they're rich. But the price of a house, car, gas, food is ridiculously expensive making their apparent "wealth" go only half as far.

    To suggest humans aren't motivated by self-interest, is complete horseshit. Yes, Socialism can excel in rare cases. But that's all it is. A rarity. A hiccup. If Socialism/Communism truly sparked the driving force of Man, Cuba, the Soviet Union and the PRC under Mao would have risen to great economic heights. But they failed completely. The Soviet Union ended in disaster because people couldn't taste the spoils of their own effort. They got a paycheck whether they slept on the job or worked a 12 hour day. So everyone cheated and the system collapsed. That's how most Communist experiments end.
     
    #46     May 25, 2011
  7. BVM88

    BVM88

    “You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation. You cannot multiply wealth by dividing it.”
    Dr. Adrian Rogers, 1931 – 2005
     
    #47     May 25, 2011
  8. Excellent video and looks like she was not only correct in her assessment of the future of the US, that the Collective have used Government to destroy Free competition, the Collective is using the Government to destroy the constitution which keeps an Individual
    free, the Collective and those in the Corporate world who champion the Collective are using "Force" through the Government to destroy competition, get bailed out while others fall and to continue to (GE) prosper (GM) on the backs of Taxpayers (AIG, BA, CITI, GS etc).


    Rand is not only right but she creates such as stir among the Parasites, the Liberals, that they cringe and try to discredit her with weak logic, weak "Fairy land" philosophy and very weak premises against Capitalism.
     
    #48     May 26, 2011
  9. benwm

    benwm

    Except within both of the two main parties. One thing that both parties could agree on in 2008 was that BAILING OUT THE BANKING SYSTEM and FISCAL STIMULUS was required.

    So thanks for the random but inaccurate observation.
     
    #49     May 26, 2011
  10. Communism Socialism Capitalism.

    What's the difference among any economic order when the systems in place are always organized to favor a few at the expense of the rest???

    In the US the top 1% rules.

    In Cuba the top 1% rules.

    Only in Europe & Canada we see little inequality. But of course.......they are one step away from being total communist.

    But we all like the German socialist cars, the French socialist wines and Italian socialist olive oil.
     
    #50     May 26, 2011