Government And Business

Policy Digest: Welfare State Edition

Michael Tanner: “[M]ore than one out of every three Americans live in households that are now on welfare. Looked at another way, America’s welfare state now has nearly three times the population of the largest actual state. . . . And none of these numbers include the middle-class social-welfare programs like Medicare and Social Security. Counting these programs, more than 153 million Americans, nearly half the population (49.5 percent), are living in households now dependent on government for a significant portion of their income.”
Government And Business

Is Ayn Rand Confused About Altruism?

In the PJTV video I talked about yesterday, Bill Whittle and Andrew Klavan also criticize Rand for confusing selflessness and altruism. Selflessness doesn’t exist, Klavan says, because "everyone is acting for personal gain, even if that personal gain is joy" from helping others. Altruism then is simply doing good for others in order to gain joy, which Klavan stresses is a good thing.
Government And Business

Is Ayn Rand Utopian?

In a recent video for PJTV, Bill Whittle and Andrew Klavan answer a question from a viewer: “Why is Ayn Rand nonsense?” To their credit, they largely reject the premise of the question, and while they are very critical of Rand (and annoyingly snarky about it), their criticisms are on the whole thoughtful if tremendously confused.
Government And Business

Policy Digest: Welfare State Edition

You may have heard about “inversions,” which have become a hot topic of debate in the wake of Burger King’s acquisition of Tim Hortons. Megan McArdle provides some much-needed context for that debate (although my jaw dropped when I got to her line about “what you owe the government that raised you”). Cato Institute scholar and Debt Dialogues guest Dan Mitchell has more.

Further Reading

Ayn Rand | 1957
For the New Intellectual

The Moral Meaning of Capitalism

An industrialist who works for nothing but his own profit guiltlessly proclaims his refusal to be sacrificed for the “public good.”
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Ayn Rand | 1961
The Virtue of Selfishness

The Objectivist Ethics

What is morality? Why does man need it? — and how the answers to these questions give rise to an ethics of rational self-interest.
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