Atlas Shrugged: Pump and Dump

BurningMoney

Atlas Shrugged, part II, chapter IIAfter Francisco's big speech comes to an end, a suitably impressed Hank Rearden comes over to talk to him:"Before I met you, I used to wonder how you could waste a fortune such as yours. Now it's worse, because I can't despise you as I did, as I'd like to, yet the question is much more terrible: How can you waste a mind such as yours?"Francisco parries that he doesn't think he is wasting it. Rearden asks Francisco why he doesn't practice what he … [Read more...]

Atlas Shrugged: The Three-Fifths Compromise

AntiSlavery

Atlas Shrugged, part II, chapter IILet me make one thing clear, to begin with: I don't think Ayn Rand was an unintelligent person. She was fiercely dogmatic in her opinions, quick to anger, possessed an enormous ego, and rarely if ever forgave. She also had more than a few intellectual blind spots, which I've been pointing out throughout this series. But I believe she put real thought into her moral system, flawed as it is, and had a genuine desire to be taken seriously as a … [Read more...]

Atlas Shrugged: The Incorruptibles

SterlingSilver

Atlas Shrugged, part II, chapter IIThe time has come for the first of The Speeches. These are Ayn Rand's infamous filibusters in which the action comes to a halt so that one of her characters can deliver a lengthy philosophical lecture expounding their author's views. The speech in this chapter is one of the shorter ones - a mere 2,600 words, scarcely a footnote compared to what's coming later - but even that would take at least 20 minutes to recite at normal speed. Naturally, in the world … [Read more...]

Atlas Shrugged: The Gini Coefficient

Monstrance

Atlas Shrugged, part II, chapter IAfter Hank chases off the government crony who wants to buy his metal, the chapter shifts to a series of vignettes with him and Dagny. They're arranging increasingly frequent liaisons whenever Hank is in New York, and as the looter-run economy contracts around them, Dagny looks forward to her time with him more and more:The only pride of her workday was not that it had been lived, but that it had been survived. It was wrong, she thought, it was … [Read more...]

Atlas Shrugged: The Thin Red Line

Redlining

Atlas Shrugged, part I, chapter XLast time, Lee Hunsacker had mentioned to Dagny that he was the only one who ever beat Rand's superhero banker Midas Mulligan. Now he's going to tell us how:"Midas Mulligan was a vicious bastard with a dollar sign stamped on his heart," said Lee Hunsacker... "My whole future depended upon a miserable half-million dollars, which was just small change to him, but when I applied for a loan, he turned me down flat - for no better reason than that I had … [Read more...]

Atlas Shrugged: Masters of the Universe

EmpireStateBldg

Atlas Shrugged, part I, chapter XStill in Oregon, listening to Lee Hunsacker rant about the failure of his factory, Dagny hears him mention a name she recognizes:"I worked like a dog, trying to get somebody to lend us the money. But that bastard Midas Mulligan put me through the wringer."She sat up straight. "Midas Mulligan?""Yea - the banker who looked like a truck driver and acted it, too!""Did you know Midas Mulligan?""Did I know him? I'm the only man who ever beat … [Read more...]

Atlas Shrugged: Bonsai People

Bonsai

Atlas Shrugged, part I, chapter XAlthough Hank is back at his mills, Dagny hasn't given up searching for the inventor of the motor. Her latest clue takes her to Oregon, where she's looking for Lee Hunsacker, the president of a shell company that owned the Twentieth Century Motor Company when the Community National Bank of Madison made the loan that failed and resulted in the collapse of both bank and factory. Dagny finds him living in poverty in a filthy hovel:"I never had a chance!" … [Read more...]

Atlas Shrugged: The New Deal

FDR

Atlas Shrugged, part I, chapter XDagny and Hank have set out to track down the owner of the defunct Twentieth Century Motor Company factory, crisscrossing the country in the hope of digging up an employee list that will help them find the inventor of the magic motor they discovered there. But this, as they soon discover, is a Sisyphean task.They're able to establish that the man who built the factory and the surrounding town of Starnesville is one Jed Starnes, who died twelve years ago. … [Read more...]

Chain Bookstores Are Doomed

Books

In the week between Christmas and New Year's, I went book shopping to use some of the gift cards I got as presents. I went to a Barnes & Noble in Queens, one of the big ones with the built-in coffee shops and a huge display near the front of the store for their e-reader. It's not as good as supporting an independent bookstore, I realize, but there are fewer and fewer of those where I live, and I still think it's better than Amazon (whose labor practices I'm greatly concerned about).I had a … [Read more...]

Atlas Shrugged: The Price of Progress

SmogInChina

Atlas Shrugged, part I, chapter IXAs I've mentioned before, even though Atlas Shrugged is intended to be a complete guide to Ayn Rand's economic and political philosophy, there are some fundamental aspects of an economy that she never addresses or makes only the vaguest of passing allusions to. I'm going to linger on the scene we discussed last time, because it has one of those fleeting mentions that's of enormous importance.Mr. Mowen looked at the skyline, at the belts, the wheels, … [Read more...]


CLOSE | X

HIDE | X