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Politics : View from the Center and Left
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To: Steve Lokness who wrote (179753)1/20/2012 2:50:18 PM
From: Win Smith  Read Replies (1) of 542046
 
but you need at least an IQ of 120 just to read her.

Really? I though you mainly needed tolerance of turgid and prolix prose to read Rand. I suppose it takes some intellect to extract the nuances of libertarianism out of it, but my understanding is that the problem with reading Rand isn't that it requires great intellect. It takes a certain amount of willpower to plow through Tolkien too, but I will eschew the usual waggish comparison.

I sort of wonder what Rand would make of the current dominance of Wall St. in the economy. Her heroic industrialists were people who actually built stuff. I'd like to think that maybe she wouldn't approve of the financial sector skimming 30% of total corporate profits off the top of the US economy, but maybe she considered the financiers the crème de la crème , capitalism distilled to its purest essence. Rand certainly didn't approve of government involvement, I assume she wouldn't exactly like the fact that the current government's primary response to the current crisis is to have the Fed pump more and more money into the financial structure that caused the crisis in the first place, while buying up mounds of the financial detritus the masters of the universe generated. But I'd also assume she wouldn't accept government regulation as a solution to the problem of too big to fail Wall St. institutions and the opaque financial engineering they thrive on. I have no idea what her alternative solution would be, or even if she would admit to a problem.
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