On 5/30/2012 9:45 AM, Rich Cooper wrote:
> But neither Rand nor Hayek subscribed to corporate-state partnership. (01)
That's what they said, because they were blind to what was happening. (02)
Ayn Rand grew up under the Soviet system, which was basically the serf
system of Tsarist Russia with the religion of Orthodox Christianity
replaced by a religion of Marxism. But as Karl Marx himself said,
all religions are opiates designed keep the people subservient. (03)
Her ideal system was the all powerful individual (AKA Tsar) who would
smash the old serfdom to set up a new serfdom based on money instead
of land. It's just the old Russian system with a new set of labels. (04)
None of those systems are in the self interest of anybody except the
Tsar. Alan Greenspan, the former head of the Federal Reserve, loved
Ayn Rand's system because he imagined himself to be the Tsar. (05)
The fundamental problem with all three of these Russian ontologies
is that there are no checks and balances on the power of the Tsar. (06)
The capitalist religion is based on the Bible of Adam Smith, who
was born three years after the South Sea Bubble had burst. He
wrote about "the knavery and extravagance" of the South Sea Company
and of "the negligence, profusion and malversation" of its staff.
His God was the Invisible Hand, but he didn't have any solution
to curb the "knaves" who form an oligarchy that is more powerful
than the Hand. He just said that they were immoral. * (07)
Today, the people who believe in the magic of the Invisible Hand
don't even have Adam Smith's morality as a curb. They loudly
proclaim that "Greed is good" because the crumbs from their
wealthy table will trickle down to the serfs. (08)
Leona Helmsley was a typical Ayn Randian, who said that only
"the little people" pay taxes. As one of those people who
pay taxes, I do not consider their religion to be in my
self interest. (09)
John (010)
* PS: http://harvardmagazine.com/1999/05/damnd.html (011)
This article begins "Irrational exuberance pervades the stock market.
Speculators pay ever-higher prices for shares despite scant evidence
of underlying value. Skeptics warn that the bubble will burst. This
must be England in 1720." (012)
It was written in 1999, when Alan Greenspan was the Tsar. That was
three years before the crash of 2002 and six years before the crash
of 2008. As the song goes, "When will they ever learn." (013)
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