• • • Rational Egoism, Irrational Greed And Ayn Rand’s Creed
Andrew McKillop, Market Oracle Atlas Shrugged |Capitalism |Egoism | Ayn Rand is often described, by detractors, as mean-minded and psychologically unstable, but her lack of any knowledge about the economy is less open to challenge: her views on the role of debt not being the mirror image and counterparty of credit are “homely” and, for some, could be called “Austrian” but are nonsensical and have no relation at all to the real world. In her works like ‘The Strike’, the precursor to ‘Atlas Shrugged’, debt is called servitude and the King’s evil way of stifling indvidual and private greed, replacing it with Royal greed. One very current example concerns Germany, where “Ayn Randists” are peddling her New Philosophy with gusto. Should Germany quit the Eurozone “to its greater benefit and profit”, RE-style, before the Eurozone falls apart - and certainly causing it to fall apart when or if Germany leaves?