Yeah, We’re Back At Ayn Rand

Posted by Paul Vigna on November 16, 2009
Economy, Markets, Media
empire-state-building

Hey, Roark, build it yourself next time.

When I made my little quip about Ayn Rand last month, I thought I was just letting off a little steam about a long-held pet peeve. Well, it was a pet peeve with a rabid, and, as it turns out, resurgent following. That post got more comments than any in this blog’s brief existence. Apparently, as the economy continues to stumble along, Rand is on the rise, and she’s bringing out the lovers and the haters.

The Times noted it in a review of a new Rand biography. “In the Obama era, Rand’s angry message is more resonant than ever before.” GQ has jumped into the debate, with a long piece by some ex-impressionable teenager named Andrew Corsello, who apparently fell under Rand’s spell back in his school days, forgot all about her, and is stunned to find her name back in the press amidst an economic meltdown. And pretty angry about it himself.

I came across the Corsello piece via Barry Ritholtz’s Big Picture; Ritholtz is another Rand hater. “Worst of all, Rand’s Objectivism has become the rationale for all manner of morally repugnant behaviour,” he writes, along with some of the anatomical arguments Corsello employs.

Most of the “money quotes” in Corsello’s piece contain language that can’t be printed in a family financial blog, so you’ll have to truck over there yourself if you want a taste. It’s a stylized, profanity-filled, invective-laced screed, to be sure. But while it’s fun to read, it doesn’t attack Rand’s idea as much as her followers.

I don’t remember exactly when I read “The Fountainhead.” I’m pretty sure it was some time after college; I know I wasn’t ever assigned it in a class. My two takeaways were boredom and annoyance; boredom at the bad storytelling, and annoyance at the obnoxious assertions.

Pick the greatest capitalist you can imagine. The greatest thinker. Got them in your head? Good. Now imagine them picking berries, freezing their skin off at night and running for their lives trying to avoid getting eaten by a bear, because without the collective strength offered by the group, no individual would be anything more than another link in the food chain. Maybe a high link, but a link nonetheless.

There is not one great figure of history, not Plato, Caesar, Michelangelo or even Rand herself, who wasn’t nurtured by their community. There is no art, architecture, science without a community. The Empire State Building would not have been built, the Divine Comedy not written. Michelangelo may have made his sculptures (and they are magnificent.) Who would have looked at them?

Even the pyramids needed slave labor.

Mankind’s greatest invention — the thing that allowed him to become more than just another animal and harness his mind toward even greater things — is society itself. John Rockefeller, Andrew Carnegie, Bill Gates would be nothing without a stable society.

And Rand’s philosophy spits at society on every page. And that sneering contempt provided cover for a generation of government-is-bad bashing that made the levers of our government finally so impotent they couldn’t even arrest the growth a painfully obvious threat to the economy and the nation’s stability like the housing bubble.

It’s fine and right to laud the individual. But to have contempt for the society that allows that individual to flourish, to suggest that anybody who isn’t some Nietzschean uber-man is a moocher or a looter, is itself contemptible. The best want to leave society? And do what? What if society were to abandon them? How smart would Lloyd Blankfein look standing in the waters off the Hamptons in a loincloth trying to catch fish with a wooden spear? Not too smart.

It’s funny, but something came to mind that Lawrence Taylor, of all people, once said. The night the New York Giants retired the great linebacker’s number, Taylor, the first “LT,” in thanking his adoring fans, said during his halftime speech “there would have always had been a Lawrence Taylor, but without you, there wouldn’t have been an LT.”

We’re going to need to start paying attention to the people in the stands if we want to get past our current economic moment, because it’s the people in the stands who buy all the stuff that drives economic growth, because it’s the people in the stands who actually build the stuff. We’ve been playing to the cult of the individual for a long time now, and all it’s left us is a market crash and Kevin Federline.

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9 Comments to Yeah, We’re Back At Ayn Rand

lucky
November 16, 2009

Bravo, Mr. Vigna.
I recommend this 1961 review by Gore Vidal:
http://www.esquire.com/features/gore-vidal-archive/comment-0761?click=main_sr
“She has a great attraction for simple people who are puzzled by organized society, who object to paying taxes, who dislike the “welfare” state, who feel guilt at the thought of the suffering of others but who would like to harden their hearts. For them, she has an enticing prescription: altruism is the root of all evil, self-interest is the only good, and if you’re dumb or incompetent that’s your lookout.”

sounds familiar..

Max
November 16, 2009

Rand’s society was a meritocracy. It was a society of people organized to build. Their mortal enemy was the society organized to take.

It isn’t surprising that the takers respond to Rand with raw rage. What else have they got?

John Donohue
November 16, 2009

a) it was not a quip. it was a smarmy hit piece.
b) you learned nothing and corrected nothing in all your errors; this page just repeats them and amplifies them.

Is that some new form of the “big lie” as right-sized with inflation in mind?

Here, I’ll go slow:

Ayn Rand is not against joint effort. She is ALL ABOUT joint effort, the voluntary engagement of free sovereign individuals.

That is the exact opposite of a “collective” where people are bound to each other against their will in legal obligation.

Capitalism, commerce, contract, transaction, fulfillment, satisfaction, win-win, wealth creation — this is the highest form of cooperation, joint effort, ambition for progress that can be imagined. The pitiful schemes of masters of humans legally bound to each other pale in comparison.

Hope that helps.

John Donohue
Pasadena, CA

Greg Feirman
November 16, 2009

Hi Paul,

You couldn’t resist, could you? :)

I don’t see how anyone can disagree with your assertion that most all individual accomplishment depends on a stable, flourishing soceity:

“Mankind’s greatest invention — the thing that allowed him to become more than just another animal and harness his mind toward even greater things — is society itself.”

But does Rand really disagree with that?

Certainly she has a lot of contempt. But that’s generally for interferences on freedom within society. That is, she takes society itself as a given.

You go on to say:

“And Rand’s philosophy spits at society on every page. And that sneering contempt provided cover for a generation of government-is-bad bashing that made the levers of our government finally so impotent they couldn’t even arrest the growth a painfully obvious threat to the economy and the nation’s stability like the housing bubble.”

See, the problem here is that Rand would have argued that the government actually caused the housing bubble - not that it was made impotent to stop it by anti-government philosophy. Many other free market economists would argue the same: Friedman and Mises, for example.

In fact, in many recent posts you’ve talked about Fed policies stoking another bubble as the real economy languishes. They are doing it again. So, in some sense, you agree and understand this position.

What she is primarily arguing against is the balance of power between government and civil society - the voluntary, spontaneous aspect of society. She wants the balance heavily tilted towards the latter and away from the former.

To blame the current crisis on her ideas is to get her ideas and what just happened exactly wrong.

Paul Vigna
November 16, 2009

Greg, you’re absolutely right. I just couldn’t.

As for government interference, I’d say we just got through a decade that saw the most laissez-faire minded public officials I’ve ever seen, and it certainly didn’t bring about some free market utopia.

Rand’s society is not a meritocracy, it’s a fiction. It doesn’t exist, and it will never exist, which is why we need an effective government. I understand the push back against totalitarianism. But to push so far in the other direction that we end up in some dangerously unbalanced, wild west, social Darwinism market is also wrong.

Harmony, my friends. We need to find the harmony between the individual and the group, the balance between the two. That’s where our greatest future lies, yes?

John Donohue
November 16, 2009

No.

John Donohue
November 16, 2009

In an harmony (compromise) between freedom and coercion, free people gain nothing and the person lusting for control over the free person gets the fruits of confiscation.

That is the opposite of win-win.

And the idea that the last decade or two was “free market” is so absurd it invalidates the credibility of the rest of your analysis.

Randal
November 16, 2009

Paul,

Two things:
1) Rand is neither for nor against “society” as such. I don’t remember where this comes from, but she’s said that organized society offers the potential for two significant values on a huge scale: knowledge and trade. But they are only values if the society respects the rights of the individual to take free action and use those values. In a society that does not respect the rights of the individual to his own life, liberty, property, and pursuit of happiness; the society itself becomes a threat. You would be better off living on a deserted island.

2) Objectivists were highly critical of Bush from the start. Under Bush, we were saddled with the prescription drug addition to Medicare, Sarbanes-Oxley, huge manipulations of the Federal Interest rate, dramatic increases in spending. Bush called himself a “compassionate” conservative in order to differentiate himself from a laissez-faire approach. Do you really buy the line that Bush was a paragon of government restraint?

The last 100 years have been a fairly steady movement in a bad direction, with a brief interruption in the late 70s and 80s. The state we are in is a natural product of this, and the Bush/Obama team’s response has ensured that it’s just going to just get worse.

Regards,
Randal

lucky
November 17, 2009

fyi: This page has a wide range of “criticisms of objectivism”:
http://world.std.com/~mhuben/critobj.html