• • In Socialist France, Investors And Entrepreneurs Are An Endangered Species
Sylvain Charat, Forbes - Capital Flows Atlas Shrugged |Capitalism | The driving principle behind socialism and welfareship is that wealth is to be shared, not created. Ayn Rand pointed out that “men had always thought of wealth as a static quantity—to be seized, begged, inherited, shared, looted or obtained as a favor.” Then another socialist idea completes this one as Ayn Rand, again, has perfectly described it: “every man … owns an equal share of the technological benefits created in the world.” These two ideas gave birth to the planned economy, which intends to meet the welfare aim of providing each citizen an equal share of labor production. That is exactly what is happening in France now. And as such, a planned economy, as President François Hollande wants it, is tantamount to seizure. As Russian-born Ayn Rand wrote in “Atlas Shrugged,” “Americans were the first to understand that wealth has to be created.” If they keep this understanding, they shall be protected against welfareship and remain free entrepreneurs.