OC Register Profiles ARI President Yaron Brook

The article, titled “Atlas came to Irvine,” begins:

Yaron Brook grew up a socialist. What choice did he have?
His parents were “standard leftist intellectuals,” he said, driven from their homeland of South Africa by the injustices of apartheid, and drawn to Israel by dreams of Zionism and kibbutz-living. A kibbutz, you know — one of those communal farm/socialist-type utopias where everything is shared, collectivism rules, and other people help bring up your kids.
Brook’s dad was a doctor. The family spent time in England and Boston, and he fondly recalls arguing with his Western capitalist classmates over the blights of poverty and economic inequality that went hand-in-hand with the free market.
So honestly. How did Yaron Brook come to be one of the nation’s — nay, the world’s — leading spokesmen for “rational selfishness” and “laissez-faire capitalism”?
How did he come to conclude that making money is good — very good — and that life’s highest moral purpose is achieving personal happiness and individual fulfillment, not necessarily helping the neighbor in need?
How did Yaron Brook come to be president of the Ayn Rand Institute?

Keep reading to learn how he “fought the book” while first reading Atlas Shrugged, what he did professionally before agreeing to serve as president of ARI, and how many bananas he pulls down as the successful president of a burgeoning non-profit.
I’ve never met Yaron Brook, but I keep hearing good things about him. That he would merit an article like this in a major newspaper, says even more.
Kudos to Mr. Brook on his outstanding work.

'Capitalist Heroes' in Today's Wall Street Journal

Today is the 50th Anniversary of the publication of Ayn Rand’s novel Atlas Shrugged!
From today’s Wall Street Journal:
CAPITALIST HEROES
By David Kelley
October 10, 2007; Page A21
Fifty years ago today Ayn Rand published her magnum opus, “Atlas Shrugged.” It’s an enduringly popular novel — all 1,168 pages of it — with some 150,000 new copies still sold each year in bookstores alone. And it’s always had a special appeal for people in business. The reasons, at least on the surface, are obvious enough.
Businessmen are favorite villains in popular media, routinely featured as polluters, crooks and murderers in network TV dramas and first-run movies, not to mention novels. Oil company CEOs are hauled before congressional committees whenever fuel prices rise, to be harangued and publicly shamed for the sin of high profits. Genuine cases of wrongdoing like Enron set off witch hunts that drag in prominent achievers like Frank Quattrone and Martha Stewart.
By contrast, the heroes in “Atlas Shrugged” are businessmen — and women. Rand imbues them with heroic, larger-than-life stature in the Romantic mold, for their courage, integrity and ability to create wealth. They are not the exploiters but the exploited: victims of parasites and predators who want to wrap the producers in regulatory chains and expropriate their wealth.
Continue reading “'Capitalist Heroes' in Today's Wall Street Journal”

The Light Hand of Alan Greenspan

Bruce Ramsey has an interesting article in the Seattle Times titled “Maestro Greenspan wasn’t conducting all that much,” about Greenspan’s new memoir and his legacy as Fed Chairman.
He cites a passage from the memoir confirming a rumor I’d heard in the 1990s, which is that Greenspan’s goal was to informally peg the dollar to the value of gold. From the article:

He joined Richard Nixon’s campaign in 1968 as an adviser, and when he went to the Fed, he undertook to run the system as it was. He confesses in the book to a nostalgia for the gold standard, but he never campaigned for it. …
Greenspan’s job was to control inflation, and the numbers suggest he did. For years, it seemed he was running monetary policy as if it were a gold standard, and he confirms it in his book.

See the full article for more.

The Legacy of Atlas Shrugged in the OC Register

Peter Larsen has penned a nice article for the OC Register about how Atlas Shrugged has fared over the past fifty years.
It’s titled “Ayn Rand fans mark 50th anniversary” and it’s pretty much what you’d expect from the OC Register: a fair assessment of an important book.
Includes lots of quotes from the Ayn Rand Institute and a slideshow gallery with some cool photos, too.

Ayn Rand and the Atlasphere in Inc. Magazine

I was just alerted by a new Atlasphere member that the October issue of Inc. Magazine contains an article regarding the 50th anniversary of Atlas Shrugged.
The new issue is not yet available in local newsstands and the October issue hasn’t yet been posted on their web site — so unfortunately I haven’t read it. But apparently the Atlasphere gets a brief mention.
The author, Leigh Buchanan, contacted me in June while conducting research for the article. She said she was planning to write about how Ayn Rand’s novels had influenced entrepreneurs.
Should be worth checking out.
UPDATE (10/1/07): I was able to pick up a copy of this issue today at the local newsstand.
The article is titled “Happy Anniversary, Masters of the Universe” and, despite being only two pages long, was touted in a round, red call-out right on the cover of the October issue.
The article itself is highly favorable to Ayn Rand. After a three-paragraph introduction by Buchanan, the rest of the article consists of quotes from entrepreneurs inspired by Ayn Rand, including yours truly.
Here is the quote they included from me:

“I created The Atlasphere, a social networking and dating site for Ayn Rand fans, after I was approached by a gentleman who said ‘When I go to a new city and I need to find a lawyer or a realtor, I’d like to have a directory of people who love Ayn Rand’s ideas.’ People like to do business with others who share their philosophy. Rand is a starting place for trust.”
–Joshua Zader, [co-] founder of Zoom Strategies, a Web-development business in Albuquerque, and the [owner] of The Atlasphere

The gentleman I refer to is, of course, the late and well-loved Charles Tomlinson.

Terrific Ayn Rand Article at Forbes.com

Marc E. Babej and Tim Pollak, partners in the marketing firm Reason Inc., have penned a wonderful new article about Ayn Rand at Forbes.com, titled “Atlas Shrugs Again.” It begins:

Remember the big question in Ayn Rand’s Atlas Shrugged: “Who’s John Galt?” In the novel, more and more people ask the question, but no one knows the answer, or even where the question came from. Ironically, the same thing now seems to be happening to Ayn Rand and her philosophy of objectivism. Even leading objectivists don’t know the whole answer, but one thing is sure: A quarter century after her death, and half a century after the publication of Atlas Shrugged, Ayn Rand is back.
The autobiography of former Rand acolyte Alan Greenspan, in which he credits her for his development, just got published with big fanfare. In recent weeks, both The New York Times and The L.A. Times have run articles about her work. Atlas Shrugged has been featured prominently in a recent episode of AMC’s hit series Mad Men. A movie version of the book, starring Angelina Jolie in the main role, is slated for release next year.
Meanwhile, sales of Ayn Rand titles have tripled since the early 1990s–in fact, more are being sold now than at any time in history. Atlas Shrugged sales on Amazon in the first nine months of this year are already almost double the total for 2006. As of this writing, Atlas ranks 124th on Amazon’s sales charts. Compare that to The Da Vinci Code at 2,587.

After reviewing several possible reasons for Rand’s revival, they conclude their article with these interesting and constructive suggestions for marketing “something as amorphous as [an Objectivist] movement”:

–Choose a fertile target. For objectivists, this means conservatives who aren’t comfortable with the religious right and feel alienated and orphaned. Objectivists can attract this audience with a moral argument for capitalism and individual rights by showing that free markets and individual choice aren’t just smart and practical, but also moral.
–Activate your natural supporters. Objectivism is a natural fit for businessmen because it not only tolerates, but extols them. Fortune 500 CEOs can become to objectivism what movie stars are to Scientology and Kabalah.
–Go Hollywood anyway. Like it or not, we live in a celebrity culture, and there’s no publicity like celebrity publicity. Would Kabalah, PETA, Scientology or RED have become household words without the likes of Madonna, Tom Cruise and Bono?
–Accentuate the positive. It’s easy to be a naysayer. It’s harder, but much more rewarding, to offer hope. To win hearts and minds, objectivists need to show not only why they’re right, but how to get from here to there.
–Pick your controversies selectively, and don’t be afraid to court the controversies you pick. Conservative Republicans have dominated presidential politics for over half a century by deftly capitalizing on wedge issues –the latest example being same-sex marriage. Objectivists would do well to steal a page from that playbook by picking a battle on a specific issue in the area of individual rights.
–Get linked. From blogs to Facebook to Wikipedia, the Internet is the ideal medium for movements to build communities of supporters. Links, in particular, are the key to success–between sites of supporters of a movement, and from these sites to others.

How often do you see something like that in the mainstream media? Very good stuff.
Kudos to Forbes.com for being willing to publish such an open and kind review of the current Ayn Rand revival.
See the full article for more.

Novelist Reviews Atlas Shrugged for LA Times

Novelist Richard Rayner, author of the architecture-themed Devil’s Wind, offers up a (who could have predicted?) mixed review of Ayn Rand’s Atlas Shrugged for the Log Angeles Times.
He wraps up his review with these somewhat warm, if conflicted, observations:

It’s page-turning stuff, though Rand offers more than a swift succession of “Da Vinci Code”-style story beats. Her descriptions of buildings and landscapes are often brilliant, and she was good at letting the physical world stand for emotion or state of mind. “There was a cold wind outside,” she writes, “sweeping empty stretches of land. He saw the thin branches of a tree being twisted, like arms waving in an appeal for help. The tree stood against the glow of the mills.” She also excels at evoking the peculiar weightlessness of a big party; her understanding of the ruthless dynamic of social competition recalls the sharpness of Jane Austen and suggests that Rand herself was the snubbed outsider at a Hollywood party or two. Stir in the scarcely repressed sado-masochism that tingles through every sexual encounter and you get the Randian fictional brew, a little silly, pretty weird, but thrilling and highly effective.
For decades, critics have scorned Rand for creating paper-thin characters while millions of readers have found that Howard Roark and Dagny Taggart live with them forever. Clearly, she was doing something right. Her message — that each individual can and must without help blaze his or her own path through life — is inspiring, even to those who might already have learned better. More than this, though, it’s the texture, the warp and weave of “The Fountainhead” and “Atlas Shrugged” that compels. Rand called her philosophy “objectivism,” yet the inside of her head, as revealed by these two novels, so much greater and richer and stranger than the simplistic slogans that tend to be adduced from them, was happily unique.

Ya gotta love that tortured last sentence, especially from a fellow novelist.
See his full review for more. I wonder if his own novel is enjoyable.

Major Ayn Rand Article in Today's NY Times

The Business section of today’s New York Times contains the lengthy article “Ayn Rand’s Literature of Capitalism,” detailing Ayn Rand and Atlas Shrugged‘s influence on executives and entrepreneurs.
The article begins:

One of the most influential business books ever written is a 1,200-page novel published 50 years ago, on Oct. 12, 1957. It is still drawing readers; it ranks 388th on Amazon.com’s best-seller list. (“Winning,” by John F. Welch Jr., at a breezy 384 pages, is No. 1,431.
The book is “Atlas Shrugged,” Ayn Rand’s glorification of the right of individuals to live entirely for their own interest.
For years, Rand’s message was attacked by intellectuals whom her circle labeled “do-gooders,” who argued that individuals should also work in the service of others. Her book was dismissed as an homage to greed. Gore Vidal described its philosophy as “nearly perfect in its immorality.”
But the book attracted a coterie of fans, some of them top corporate executives, who dared not speak of its impact except in private. When they read the book, often as college students, they now say, it gave form and substance to their inchoate thoughts, showing there is no conflict between private ambition and public benefit.
“I know from talking to a lot of Fortune 500 C.E.O.’s that ”˜Atlas Shrugged’ has had a significant effect on their business decisions, even if they don’t agree with all of Ayn Rand’s ideas,” said John A. Allison, the chief executive of BB&T, one of the largest banks in the United States.
“It offers something other books don’t: the principles that apply to business and to life in general. I would call it complete,” he said.
One of Rand’s most famous devotees is Alan Greenspan, the former chairman of the Federal Reserve, whose memoir, “The Age of Turbulence,” will be officially released Monday.

Don Hauptman tells us:

The article was evidently prompted by the book’s 50th anniversary next month, as well as the publication of Alan Greenspan’s book this coming Monday.
Aside from a few minor errors and bizarre turns of phrase, the article appears generally accurate and is surprisingly favorable. Click to the resource page and you’ll find links to the 1957 Times review of Atlas, and what may be every article about Rand ever published in the newspaper.
In the print edition of today’s paper, the article dominates the front page of the Business section, taking up about three-quarters of the cover. I’ve heard that Saturday’s edition has the smallest print circulation of any weekday ”” but then, you can’t have everything.

Especially if it’s the New York Times. Still, this is some nice coverage of Rand’s impact on business culture.