The Federalist recently published an adapted excerpt from Yaron Brook and Don Watkins’s new book In Pursuit of Wealth: The Moral Case for Finance, in which they indicate why Ayn Rand’s philosophy is “indispensable for understanding and defending the morality of finance.”
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.
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.
Is Sweden really the socialist utopia that it is often portrayed as? Is it a socialist nightmare? It’s far away, it’s cold and for Americans, it’s a country surrounded by economic myths. Here’s the real story.