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El_Johns

(1,805 posts)
Wed Jan 8, 2014, 02:01 AM Jan 2014

We finally know who John Galt is [View all]

One of the weird consequences of the 2008 financial meltdown and the measures taken to counteract it (enormous sums of money to help banks) was the revival in the work of Ayn Rand, the closest one can come to the ideologist of the “greed is good” radical capitalism. The sales of her magnum opus Atlas Shrugged exploded again.

According to some reports, there are already signs that the scenario described in Atlas Shrugged—the creative capitalists themselves going on strike—is being enacted.

The ridicule of this reaction is that it totally misreads the situation: Most of the gigantic sums of bail-out money went precisely to the Randian deregulated “titans” who failed in their “creative” schemes and thereby brought about the meltdown. It is not the great creative geniuses who are now helping lazy ordinary the people, the ordinary taxpayers, who are helping the failed “creative geniuses.”

One should simply recall that the ideologico-political father of the long economic process that ended up in the 2008 meltdown was Alan Greenspan, a card-carrying Randian “objectivist.”

Now we finally know who John Galt is—the idiot responsible for the 2008 financial meltdown and, consequentially, for the ongoing shutdown.

https://inthesetimes.com/article/15718/who_is_john_galt_now_we_know/

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