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Quote# 96995

Imagine the effect on our culture, particularly on the young, if the kind of fame and adulation bathing Lady Gaga attached to the more notable achievements of say, Warren Buffett. Or if the moral praise showered on Mother Teresa went to someone like Lloyd Blankfein, who, in guiding Goldman Sachs toward billions in profits, has done infinitely more for mankind. (Since profit is the market value of the product minus the market value of factors used, profit represents the value created.)

Instead, we live in a culture where Goldman Sachs is smeared as “a great vampire squid wrapped around the face of humanity.” That’s for the sin of successful investing, channeling savings to their most productive uses, instead of wasting them on government boondoggles like Solyndra and bridges to nowhere.

There is indeed a vampire squid wrapped around the face of humanity: the Internal Revenue Service. And, at a deeper level, it is the monstrous perversion of justice that makes the IRS possible: an envy-ridden moral code that damns success, profit, and earning money in voluntary exchange.

An end must be put to the inhuman practice of draining the productive to subsidize the unproductive. An end must be put to the primordial notion that one’s life belongs to the tribe, to “the community,” and that the superlative wealth-creators must do penance for the sin of creating value.

And Ayn Rand is just the lady who can do it.

Henry Binswanger, Forbes Magazine 52 Comments [10/11/2013 1:48:58 PM]
Fundie Index: 38
WTF?! || meh
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Sangfroid

And you do realize Ayn Rand has been dead a long time?

10/11/2013 1:50:32 PM

Ebon

You. are. a. FASCIST.

10/11/2013 2:01:10 PM

fishtank

Ayn Rand is a joke, a hypocrite, and of course a terrible writer. Or was.

A parasite herself like the people she hated.

Sir, you fail. Choke on your money.

10/11/2013 2:08:54 PM

Cloning Blues

Ayn Rand is dead. And collected social security. Taxes exist to collect the debt that you owe society for helping you to be successful. Some of that tax is then used to help other people, less fortunate than you, become successful.

I'll also note that when a video game can refute your "philosophy" it may not be an idea for the ages.

10/11/2013 2:17:02 PM

Sicko

Ayn Rand sucked. Get over it.

10/11/2013 2:30:32 PM

The Impostor

Vampire squid? Now THAT'S pretty awesome!

10/11/2013 2:42:31 PM

Bob J.

The book was a work of fiction. If we are to base our society on works of fiction can we please pick something else?

10/11/2013 2:49:46 PM

Wehpudicabok

Man, we need more Objectivist fundies on here. This is some quality bullshit right here folks. Especially considering he's apparently praising Warren "Tax Me More Please" Buffett.

10/11/2013 3:06:22 PM

Mech610

The difference between Warren Buffett and Lloyd Blankfein is that Buffett gives billions of dollars out of his own pocket ((Approximately 99% of all money he earns each year)) to dozens of charities around the globe, especially charities that ensure things like education, food and water. He's also gone on record as saying that wealthy and successful people who don't do these things are parasites and undeserving of their wealth.

Don't lump Buffett in with the likes of Ayn Rand. In all likelihood he thinks her ideas are idiotic.

10/11/2013 3:09:06 PM

Mad_Jester

There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.

— John Rogers

10/11/2013 3:22:45 PM

David B.

According to Atlas Shrugged, Galt's "free-energy" machine belongs to him because he invented it (while working for someone else). You might want to run that little tidbit passed Microsoft, Apple, Ford, GM, IBM, Qualcomm, Oracle, or hundreds of others, because they seem to be firmly of the opinion that paying someone to come up with an idea gives them that idea. A bit like when your employ someone to build a car, and at the end of the day they don't own that car?

Ayn Rand's "objectivism" is little more than an excuse to be a dick, backed up by special pleading. What you do is justified (like Rand taking social security), but not when others do it. Her little circle-jerk club preached living for oneself and rational self-interest, but no-one was allowed to disagree with Rand or do anything that she disapproved of.

10/11/2013 3:34:56 PM

Gearhead mk2

Objectivism didn't work down in Rapture and it won't work up here either.

10/11/2013 3:44:06 PM

His4Life

Who CAN do it? Present tense? Last I checked that greedy, self-centered witch was roasting on a spit in hell.

10/11/2013 3:51:36 PM

KentuckyFan

First, his definition of "profit" is pretty stupid.

Second, I hate it when people use "since" incorrectly. just a pet peeve.

Third, the two guys he "praises," other than Rand whom he apparently hasn't got the memo on her well deserved death, are pretty okay guys.

Nowhere close to the type of douchebag this guy is. according to wiki: Blankfein is the Gala Chairman of the Rockefeller family's Asia Society, based in New York. Additionally, he serves on the board of the Robin Hood Foundation, a charitable organization, whose goal is to alleviate poverty in New York, and he serves on the Board of Overseers of Weill Cornell Medical College.

10/11/2013 4:28:23 PM

Tolpuddle Martyr

Pro tip. 'Inhuman practice' in Randroid does not refer to child labor, slavery, criminally negligent health and safety practices and certainly NOT white collar crime.

10/11/2013 4:59:04 PM

Siberia

Warren Buffett is an amazing human being. Please stop desecrating his name with your inane objectivist diatribe.

10/11/2013 5:00:12 PM



The whole article is an example of "born on third base, thinks he hit a triple." Henry Ford wouldn't have been nearly as successful if state local and federal governments hadn't spent trillions of tax dollars (and continue to spend) on roadways for his product. Henry Ford, at least, knew that.

Equating profit with value to "mankind" is insane. But he probably thinks the concept of externalized cost is some sort of commie hoax.

10/11/2013 5:15:47 PM

Arctic Knight

"And Ayn Rand is just the lady who can do it."

Then why don't you go join Ms. Rand? I'm sure you would do well where she is.

10/11/2013 5:42:36 PM

Creedence Leonore Gielgud


10/11/2013 6:13:42 PM

Sasha

Vampire squids are teh awesome. Please do not besmirch their amazingness with your petty selfishness.

10/11/2013 6:41:55 PM

Tempus

Ayn Rand based much of her philosophy on a desire to create the exact polar opposite mirror image of Communism because she hated it THAT much, and based her heroes on an expy of a child-murdering psychopath named William Edward Hickman.

People like you seize on Objectivism because it allows you to feel good about being the obnoxious shitcocks you are, and because it lets you pretend you're actually heroes for gaming the economy and diverting billions of dollars to disappear into your own pockets. You are arguably the most unproductive people who have ever lived.


10/11/2013 6:59:08 PM

jimboaw

You do realize that investment bankers take the money of millions of small investors and skim off their profit with excessive fees and commissions?

10/11/2013 8:23:02 PM

werewolf

Ayn Rand, she dead.

10/11/2013 9:56:46 PM

Mikgof

Atlas shrugged is just like the Bible. Unread by most of its followers, and basically a religion. It's also appallingly written. How it ever got beyond the editors room is beyond me. I can see it appealing to self centred teenagers, and perhaps that why it wasn't edited properly if at all; they'd lose even that limited market. But somehow it still sells. Hell I bought a copy from a second hand bookstall for 30 pence. I was ripped off. I didn't even manage to read the first chapter. I've seen logs with less wooden characters.

10/11/2013 10:36:27 PM



No, Goldman Sachs earned its reputation through being a ruthless band of unmitigated shits.

Al Capone was successful (well, up until he was caught). This does not make him a good role model.

10/12/2013 12:47:46 AM
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