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POV: What Is Capitalism?
by Ayn Rand | November-December 1965
In Pursuit of Wealth: The Moral Case for Finance
by Yaron Brook | September 30, 2017
Inequality Doesn't Matter If We’re All Paid According to the Value We Create
by Don Watkins | October 18, 2016
Who Cares about Inequality?
by Don Watkins | April 28, 2016
Equal Is Unfair: America’s Misguided Fight Against Income Inequality
by Don Watkins | April 19, 2016
Economic Inequality Complaints Are Just A Cover For Anti-Rich Prejudice
by Don Watkins | April 14, 2016
Equality of Opportunity Doesn’t Exist in America — and That’s a Good Thing
by Don Watkins | April 06, 2016
Inherit The Wind . . . And Not Much Else
by Don Watkins | April 05, 2016
Equal is Unfair: America’s Misguided Fight Against Income Inequality
by Don Watkins | October 20, 2015
Religion in America
by The Editors | December 05, 2014
Religion vs. Freedom
by Onkar Ghate | December 03, 2014
Debate: “Inequality: Should We Care?”
by Yaron Brook | May 08, 2014
Economic Inequality: Who Cares?
by The Editors | March 25, 2014
Our Poverty Problem?
by Don Watkins | March 11, 2014
Is Inequality Fair?
by Yaron Brook | March 05, 2014
Government tries to do too much: Opposing view
by Don Watkins | January 26, 2014
“You didn’t build that,” conservative style
by Steve Simpson | December 09, 2013
Why Do 1.4 Million Americans Work At Walmart, With Many More Trying To?
by Doug Altner | November 27, 2013
Atlas Shrugged Is A Book About Pride In One’s Work, And The Success That Results
by Steve Simpson | November 08, 2013
Bernie Madoff, Steve Jobs, and Wall Street Greed
by Don Watkins | September 26, 2013
Justice Department should let US Airways & American Airlines merger proceed
by Tom Bowden | August 16, 2013
What Are The Search Results When You Google ‘Antitrust’?
by Tom Bowden | April 18, 2013
To Be Born Poor Doesn’t Mean You’ll Always Be Poor
by Yaron Brook | April 12, 2013
We Should Be Embarrassed by the Sequester Debate
by Yaron Brook | March 20, 2013
“Give Back” Is One of the World's Most Impoverishing Commands
by Yaron Brook | March 12, 2013
Capitalism in No Way Created Poverty, It Inherited It
by Yaron Brook | February 25, 2013
3 crucial lessons Ayn Rand can teach us today
by Yaron Brook | February 02, 2013
Capitalism without Guilt
by Yaron Brook | January 21, 2013
President Obama Duels With Ayn Rand Over What Makes America Great
by Don Watkins | October 29, 2012
Why Ayn Rand’s Absence From Last Thursday’s Debate Benefits Big Government
by Yaron Brook | October 15, 2012
The Virtue of Employee Layoffs
by Yaron Brook | September 06, 2012
Ayn Rand’s Atlas Shrugged: A Paean to American Liberty
by Don Watkins | August 17, 2012
President Obama vs. My Grandfather
by Don Watkins | July 30, 2012
The Dog-Eat-Dog Welfare State Is Lose-Lose
by Don Watkins | July 12, 2012
Changing the Debate: How to Move from an Entitlement State to a Free Market
by Don Watkins | July 02, 2012
Private Equity Firms Want Acquisitions To Profit, Not Fold
by Doug Altner | June 05, 2012
Opposing view: Celebrate private equity
by Don Watkins | May 29, 2012
The “On Your Own” Economy
by Don Watkins | March 09, 2012
What's Really Wrong with Entitlements
by Don Watkins | February 21, 2012
Happy Birthday, Ayn Rand — Why Are You Still So Misunderstood?
by Don Watkins | February 02, 2012
America Before The Entitlement State
by Don Watkins | November 18, 2011
How Did Ayn Rand’s Atlas Shrugged Predict an America Spinning Out of Control?
by Onkar Ghate | October 31, 2011
What We Owe Steve Jobs
by Don Watkins | October 06, 2011
What’s Missing From The Budget Debate
by Don Watkins | July 12, 2011
Does America Need Ayn Rand or Jesus?
by Onkar Ghate | June 29, 2011
When It Comes to Wealth Creation, There Is No Pie
by Yaron Brook | June 14, 2011
It’s Time To Kill The “Robin Hood” Myth
by Yaron Brook | May 06, 2011
Using Ayn Rand's Values to Create Competitive Advantage in Business
by John Allison | April 04, 2011
In Defense of Finance
by Yaron Brook | February 15, 2011
The Tea Party Will Fail — Unless it Fully Embraces Individualism as a Moral Ideal
by Tom Bowden | January 21, 2011
How About Tax Reparations for the Rich?
by Don Watkins | January 18, 2011
The Guilt Pledge
by Don Watkins | September 22, 2010
How To Succeed In Business: Really Try
by Don Watkins | September 13, 2010
The U.S. Anti-Business Epidemic
by Don Watkins | August 17, 2010
Atlas Shrugged’s Timeless Moral: Profit-Making Is Virtue, Not Vice
by Yaron Brook | July 20, 2010
Capitalism: Who Needs It — Ayn Rand and the American System
by Yaron Brook | June 09, 2010
Apple vs. GM: Ayn Rand Knew the Difference. Do You?
by Don Watkins | March 02, 2010
Commercialism Only Adds to Joy of the Holidays
by Onkar Ghate | December 18, 2009
Why is Ayn Rand Still Relevant: Atlas Shrugged and Today’s World
by Yaron Brook | August 10, 2009
The Corrupt Critics of CEO Pay
by Yaron Brook | May 2009
America’s Unfree Market
by Yaron Brook | May 2009
Energy at the Speed of Thought: The Original Alternative Energy Market
by Alex Epstein | Summer 2009
Is Rand Relevant?
by Yaron Brook | March 14, 2009
Stop Blaming Capitalism for Government Failures
by Yaron Brook | November 13, 2008
From Flat World To Free World
by Yaron Brook | June 26, 2008
Vindicating Capitalism: The Real History of the Standard Oil Company
by Alex Epstein | Summer 2008
The Right Vision Of Health Care
by Yaron Brook | January 08, 2008
Deep-Six the Law of the Sea
by Tom Bowden | November 20, 2007
The Influence of Atlas Shrugged
by Yaron Brook | October 09, 2007
The Morality of Moneylending: A Short History
by Yaron Brook | Fall 2007
Say “No Way!” to “Say on Pay”
by Yaron Brook | May 22, 2007
Atlas Shrugged — America's Second Declaration of Independence
by Onkar Ghate | March 01, 2007
Pay Is Company’s Prerogative
by Yaron Brook | January 08, 2007
Religion and Morality
by Onkar Ghate | October 18, 2006
Net Neutrality vs. Internet Freedom
by Alex Epstein | August 16, 2006
Why Are CEOs Paid So Much?
by Elan Journo | May 11, 2006
To Outsource or to Stagnate?
by Onkar Ghate | August 01, 2004
Ayn Rand's Ideas — An Introduction
by Onkar Ghate | June 02, 2003
Capitalists vs. Crooks
by Elan Journo | July 22, 2002
Forgotten Heroes of 9/11
by Onkar Ghate | May 17, 2002
Religion vs. America
by Leonard Peikoff | 1986
The Sanction of the Victims
by Ayn Rand | November 21, 1981
Egalitarianism and Inflation
by Ayn Rand | 1974
The Moratorium on Brains
by Ayn Rand | November 14, 1971
What Is Capitalism?
by Ayn Rand | November 19, 1967
Is Atlas Shrugging?
by Ayn Rand | April 19, 1964
The Fascist New Frontier
by Ayn Rand | December 16, 1962
America’s Persecuted Minority: Big Business
by Ayn Rand | December 17, 1961
The “New Intellectual”
by Ayn Rand | May 15, 1961
Capitalism vs. Communism
by Ayn Rand | 1961

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How Did Ayn Rand’s Atlas Shrugged Predict an America Spinning Out of Control?

by Onkar Ghate | October 31, 2011 | Fox News Opinion

Nearly thirty years after her death, Ayn Rand’s novels continue to be wildly popular — Atlas Shrugged alone is selling more today than it did when it was first published in 1957 — more than one million copies have sold since the 2008 elections.

Especially among Tea Partiers, Ayn Rand is being hailed a prophet. How could she have anticipated, more than 50 years ago, a United States spinning out of financial control, plagued by soaring spending and crippling regulations?

How could she have painted villains who seem ripped from today’s headlines?

There’s Wesley Mouch, who in the face of failed government programs screams like Rep. Barney Frank (D) of Massachusetts for wider powers. 

There’s Eugene Lawson, “the banker with a heart,” who like former Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke is ever ready with a bailout. 

There’s Mr. Thompson, who like President Obama seeks to rally the country behind pious platitudes. 

There’s Orren Boyle, who like President Bush says that we must abandon free-market principles to save the free market.

And in the face of this onslaught, what can you do? Should you, like Rand’s heroes, “go Galt,” stop working, retreat to a secluded valley, and try to rebuild only when the country has collapsed?

Rand was asked these very questions in her own lifetime. Her answers might surprise you. 

In the 1970s, America was in a deep financial crisis (a new word, stagflation, had to be coined), urban violence was rampant, and power-seeking politicians like President Nixon instituted wage and price controls that led to, among other things, gas stations with no gas. 

How, people wondered, could Rand have foreseen all this? Was she a prophet? No, she answered. She had simply identified the basic cause of why the country was veering from crisis to new crisis.

Was the solution to “go Galt” and quit society? No, Rand again answered. The solution was simultaneously much easier and much harder. “So long as we have not yet reached the state of censorship of ideas,” she once said, “one does not have to leave a society in the way the characters did in Atlas Shrugged. . . . But you know what one does have to do? One has to break relationships with the culture. . . . [D]iscard all the ideas — the entire cultural philosophy which is dominant today.”

Now, the fact that Atlas Shrugged is not a political novel might surprise you. But the book’s point is that our plight is caused not by corrupt politicians (who are only a symptom) or some alleged flaw in human nature. It’s caused by the philosophic ideas and moral ideals most of us embrace.

“You have cried that man’s sins are destroying the world and you have cursed human nature for its unwillingness to practice the virtues you demanded,” the novel’s hero John Galt declares to a country in crisis. “Since virtue, to you, consists of sacrifice, you have demanded more sacrifices at every successive disaster.”

He elaborates: “You have sacrificed justice to mercy.” (For example, calls to make homeownership “accessible” to those who could not afford it and then bailouts and foreclosure freezes to spare them when they couldn’t pay.)

“You have sacrificed reason to faith.” (For example, attempts to prevent stem cell research on Biblical grounds, or blind faith that Mr. Obama’s deliberately empty rhetoric about hope and change will magically produce prosperity.)

“You have sacrificed wealth to need.” (For example, Bush’s prescription drug benefit and Obamacare, both enacted because people needed “free” health care.)

“You have sacrificed self-esteem to self-denial.” (For example, attacks on Bill Gates for making a fortune; applause when he gives that fortune away.)

 “You have sacrificed happiness to duty.” (For example, every president’s Kennedyesque exhortations to “Ask not what your country can do for you — ask what you can do for your country.”)

The result? “Why . . . do you shrink in horror from the sight of the world around you? That world is not the product of your sins, it is the product and the image of your virtues. It is your moral ideal brought into reality . . .”

This is what Atlas Shrugged is asking us to question: our ideals. Rethink our convictions and philosophy of life from the ground up. Without doing so, it argues, we won’t escape further crises.

Strike, the book urges us, but intellectually, since to strike means to reject the fundamental terms of your opponents and assert your own.

This kind of thinking is difficult, Rand held, but necessary to enter the Atlantis depicted toward the end of the novel. 

If Atlas Shrugged has been on your list of books-I’ve-been-meaning-to-get-to, then consider finding out for yourself how a story published in 1957 so eerily captures the world we live in today and so beautifully presents a road to a brighter future.

Postscript: And if you’re like the millions who prefer reading e-books, I highly recommend the just-released Atlas Shrugged app for iPad: it includes the unabridged text of the classic novel, and offers a glimpse into the backstory of the book and sketches out the essentials of Rand’s original philosophic system, Objectivism. 

About The Author

Onkar Ghate

Chief Philosophy Officer and Senior Fellow, Ayn Rand Institute