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Government And Business

Wealth Creators: The Forgotten Victims of Cronyism

Critics of cronyism typically describe the problem as politicians and businesses conspiring to win government favors at the expense of taxpayers, or the public in general. While this view is not entirely wrong, it misses important aspects of the problem and does a grave injustice to businessmen who succeed through production rather than pull. This talk, by Ayn Rand Institute director of Legal Studies Steve Simpson, untangles the confusion about cronyism and explains why its biggest victims are businessmen.
Government And Business

New York Times Quotes Yaron Brook on Businessmen Inspired by Ayn Rand

In today’s New York Times, author and columnist James B. Stewart quotes Yaron Brook, the Ayn Rand Institute’s executive chairman, at length in an article titled “As a Guru, Ayn Rand May Have Limits. Ask Travis Kalanick.” The article discusses Rand’s influence on a growing number of businessmen and entrepreneurs, including Kalanick, the recently departed chief executive of Uber. Kalanick, the article points out, was a fan who even used cover art from her novel The Fountainhead as his avatar on Twitter.

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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