David Strom and Ayn Rand

David Strom, president of the Taxpayers League of Minnesota, counts Ayn Rand as a significant influence on his thinking. From a profile of Strom at the Star Tribune:

In recent weeks, Strom, president of the ardently conservative Taxpayers League of Minnesota, triggered an angry backlash over his provocative assertions that the strike-idled Twin Cities bus system does nothing to relieve congestion and that taxpayers would be better off buying used cars for low-income folks who are dependent on transit.
The voice of a dominant advocacy group in Minnesota, Strom has been mounting similarly scalding attacks on government spending and liberal thinking since 1997, shortly after the League was founded by a group of wealthy entrepreneurs.

See the full article for the scoop on how and why he made a “right turn on the ideological highway.”

Prescription Drugs and Atlas Shrugged

In today’s LATimes.com, James P. Pinkerton has a commentary titled “Reining In Prescription Prices Is a Seductive Idea. But It Might Kill You.” [registration required]
From his comments:

Why not have price controls on pharmaceuticals? That’s a tempting idea for the federal government, which is desperate to restrain its spending and the size of its deficit. But a closer look ? and a look back at history ? shows that price controls are the falsest of false economies. […]
The Kennedy-Pelosi effort has gained momentum. Sen. John Kerry, the apparent Democratic presidential nominee, has added his oomph, promising that he will do everything to make sure “the American people have affordable medicine available to them.”
That all sounds innocent, doesn’t it? What’s wrong with negotiation? And surely there’s nothing wrong with affordable medicine.
The problem is that it won’t be a real negotiation. The federal government is so big and so powerful, as former head of the Medicare program Gail Wilensky said, that “government doesn’t negotiate prices; it sets them.” And so medicines will be affordable ? for as long as they are available. But as in some present-day addendum to Ayn Rand’s classic novel “Atlas Shrugged,” price controls could cause capitalists and their capital to go on strike; they could pursue more profitable ventures elsewhere in the free market, leaving the rest of us alone with our illness.

See the full article for further analysis.

Hatred of Martha for Being the Good?

Writing for Men’s News Daily (“Loud, Proud, & Unbowed”), Amber Pawlik says the handling of the Martha Stewart case is just what Ayn Rand warned people not to do:

It is very obvious Stewart was prosecuted mercilessly because of who she is, i.e. a successful businessperson and not what she did. It has nothing to do with her being a female ? Bill Gates gets the same treatment. If you don?t believe this, consider what a juror said after the trial ? that the verdict was a victory for the ?average guy.? (Apparently making successful CEOs grovel in jail is somehow a victory for average people).
The defense put up by Stewart, however, was completely incompetent. They relied on telling the jury that what Stewart gave up by selling the stock was ?pocket change,? and asked how a woman so smart could have done something so stupid. Ya, that will work on a jury that already considers Stewart elitist.
Martha Stewart is no Enron executive. The government has no business regulating ?insider trading? in the first place ? it is something the market itself can regulate on its own. The scandal around her is ridiculous ? more ridiculous that she is going to jail over it.
I?ve avoided writing on this topic, because the witch-hunt against Stewart is too unbearable for me to handle. This case is evidence of what Ayn Rand called a hatred of the good for being good. Stewart is not being dragged through this hell because of her vices but because of her virtues.

Read the full article….

Greenspan on Tax Cuts

Writing for WaPo, E.J. Dionne, Jr. (who speaks from the Democrat perspective) has some interesting comments on Alan Greenspan apropo tax cuts:

Leave it to Fed Chairman Alan Greenspan to stir the political pot. Theoretically above politics, Greenspan has more influence on the political class than almost any human being, presidents — perhaps — excepted. This week Greenspan did something no Democrat could do: He made Social Security an issue in the 2004 election.
Greenspan hit the front pages and the evening news broadcasts by speaking the unspeakable: Sustaining the tax cuts that President Bush has pushed through will require cuts in Social Security and other entitlement programs.
Democrats who put Social Security on the table are accused of playing politics. No one can accuse Greenspan of being a partisan Democrat. On the contrary, the Fed chairman’s worldview was influenced by the radical libertarian Ayn Rand. And his comments early in Bush’s term helped push the president’s tax cuts through. On Wednesday he told the House Budget Committee that he likes the idea of making them permanent.
Unlike most supporters of the tax cuts, however, Greenspan is willing to be honest about the high price that must be paid to save them. Making loud noises about nickel-and-dime cuts in small domestic programs is not a fiscal policy. Big tax cuts mean big cuts in programs everybody likes.

See the full article for further analysis.

Greenspan on Sensible Economic Policy

In a column for WaPo, David Ignatius discusses Alan Greenspan’s views on sensible economic policy, noting his Rand influence in the process:

It’s a delicious irony of Washington that Clinton’s heir in the trade debate is the balding, obscurantist, Ayn Rand-reading chairman of the Federal Reserve, Alan Greenspan. He gave a speech last Friday in Omaha that should be required study for every Democrat this year. It expressed the hard fact that escapism isn’t an economic policy.
The Fed chairman began by agreeing with the trade-worriers that intense global competition has brought stress and anxiety. “There is a palpable unease that businesses and jobs are being drained from the United States, with potentially adverse long-run implications for unemployment and the standard of living of the average American,” he said.
Greenspan went on to summarize some of the growth statistics that make economists so confident that the long-term benefits of free trade and open markets outweigh the short-term costs. But he counseled workers that they must have the skills to compete. “By far, the greatest contribution during the past half-century to our average annual real GDP growth of three-quarter percent has been the ideas embodied in both our human and physical capital.” And he warned that if workers don’t get the skills required by a changing economy, the result will be growing inequality of incomes.
Greenspan’s gospel is simple, and backed by hard numbers: “Over the long sweep of American generations and waves of economic change we simply have not experienced a net drain of jobs to advancing technology or to other nations.” That was Clinton’s faith, too, and it gave him the discipline to resist politically popular policies that would have undermined economic growth.
Democrats are right to challenge the poor economic record of the Bush administration, which has squandered many of the gains of the 1990s. But they should base their critique on sound economics and honest advice to America’s working people — not on the false hope that the United States can somehow opt out of a world that is growing more competitive by the day.

See the full article for more details.

Capitalism: The Cure for Education Failures

In a review of Education and Capitalism: How Overcoming Our Fear of Markets and Economics Can Improve America’s Schools (Hoover Press, 362 pages, $15) for the Chicago Sun-Times, Jonathan Hoenig writes:

[Authors Herbert Walberg and Joseph Bast] present a compelling and thoroughly researched argument for introducing market-based reforms into public schools.
The vast majority of children in the United States attend public schools, and in a methodic and disciplined fashion, the authors make a comprehensive case why the free market can better educate more students at a lower cost.
The authors begin by describing the horrible condition of public education, which, make no mistake, is a complete mess nationwide. Although government schools maintain a monopoly on public funds, they’ve failed miserably by almost every conceivable benchmark.
Even more depressing is that even as results have dropped, the size and cost of the government school bureaucracy has soared.

The solution?

The solution is capitalism, the same incredible force of productive change that brought civilization out of the Dark Ages and propelled this country to the highest standard of living, for rich and poor alike, in all of human history.
The authors’ thesis, built on the groundwork laid by the University of Chicago’s Milton Friedman, is that just as the free market has created unparalleled innovation in medicine, agriculture and communication, so could it vastly improve education. The ability for parents to choose their schools, and for schools to compete for their attendance, would raise standards and lower cost, just as it has in every other area of our lives.

Walberg and Bast devote a good deal of space to refuting common misconceptions and criticisms of capitalism, and describe how a free market in education might work. But they go beyond that:

[I]n the tradition of economist Ludwig von Mises and philosopher Ayn Rand, they ground their arguments in moral as well as practical terms. Capitalism isn’t simply the most efficient social system ever devised, but the most just as well.

Read the full article for more details!

World Socialists Onto Greenspan's Tactics

In a recent editorial, the World Socialists Web Site predicts a deepening U.S. fiscal crisis ? which is nothing particularly new.
It is a kick, however, to see them grouse so loudly about Alan Greenspan’s admiration for Ayn Rand’s ideas:

As chairman of the Federal Reserve, Greenspan has to at least give the impression of political neutrality, claiming to base himself on the findings of economic analysis. But, as his history shows, he is flesh of one with some of the most aggressive defenders of the ?free market? and private property and wealth within the American ruling class.
These views were clearly set out in an article published in 1966 defending the gold standard as the real basis of all finance, and subsequently reprinted in the book Capitalism, the Unknown Ideal by extreme right-wing philosopher Ayn Rand. According to Greenspan, ?chronic deficit spending? was the hallmark of the welfare state, while the welfare state itself was ?nothing more than a mechanism by which governments confiscate the wealth of the productive members of society to support a wide variety of welfare schemes.?
Asked in 1993 if he still agreed with the conclusions of his article, Greenspan replied: ?Absolutely.? That basic agreement seems to have been underlined once again by his insistence that the answer to the growing fiscal crisis in the US is to make permanent the Bush tax cuts for the wealthy while slashing domestic government spending.

Keep reading, if you’re not scared of scare quotes.

Friend of America on Norwegian Television

Last year, Atlasphere member Fredrik Norman helped found an organization called Norwegian Friends of America. This past Saturday, he was interviewed on a Norwegian talk show about his views on the subject.
From his interview:

Knut Olsen: Is Bush worth dying for?
Fredrik K.R. Norman: Hopefully we won’t have to die because of Bush. Hopefully, we also won’t have to die because of Osama bin Laden, terrorists and tyrants — and that’s what the Americans are trying to save us from.
Knut Olsen: But is he worth fighting for?
Fredrik K.R. Norman: We should fight for ourselves and our own interests, and they are the same as American interests: liberty, democracy and human rights. This, we shall fight for, hopefully together with our allies.
Knut Olsen: Do you personally support Bush’s foreign policy?
Fredrik K.R. Norman: Which parts of Bush’s foreign policy I do or don’t support, I find rather irrelevant…
Knut Olsen: But is it the official stance of the Norwegian Friends of America that you do so?
Fredrik K.R. Norman: We support America’s moral right to defend her interests, because we believe those interests are the same as Norway’s interests. American interests are liberty, democracy and human rights, and those are also Norwegian interests.

Fredrik stayed remarkably cool, articulate, and principled throughout his on-air grilling. Read a transcription of the full interview at FredrikNorman.com. Via Instapundit.

Environmentalists Prove Ayn Rand Right

In an article for Australia’s The Age, Sixties environmental activist Patrick Moore discusses the changes that have come over the environmental movement in the past forty years. He begins:

I was raised in the tiny fishing and logging village of Winter Harbour on the north-west tip of Vancouver Island, where salmon spawned in the streams of the adjoining Pacific rainforest.
In school, I discovered ecology, and realised that through science I could gain insight into the natural beauties I had known as a child. In the late 1960s I was transformed into a radical environmental activist.
A ragtag group of activists and I sailed a leaky old halibut boat across the North Pacific to block the last US hydrogen bomb tests under President Richard Nixon. In the process I co-founded Greenpeace.

Ayn Rand and Peter Schwartz make a cameo:

At the beginning of the modern environmental movement, Ayn Rand published Return of the Primitive, which contained an essay by Peter Schwartz “The Anti-Industrial Revolution.” In it, he warned that the new movement’s agenda was anti-science, anti-technology, and anti-human.
At the time, he didn’t get a lot of attention from the mainstream media or the public.
Environmentalists were often able to produce arguments that sounded reasonable, while doing good deeds like saving whales and making the air and water cleaner.
But now the chickens have come home to roost. The environmentalists’ campaign against biotechnology in general, and genetic engineering in particular, has exposed their intellectual and moral bankruptcy.
By adopting a zero-tolerance policy towards a technology with so many potential benefits for humankind and the environment, they have lived up to Schwartz’s predictions.
They have alienated themselves from scientists, intellectuals and internationalists.
It seems inevitable that the media and the public will, in time, see the insanity of their position.

Read the whole article for more interesting stories from a former environmental activist.
UPDATE: Michelle Fram-Cohen points out an historical inaccuracy in Moore’s account of Rand’s book:

The facts are that in 1971 Rand published a collection of her essays under the title The New Left: The Anti Industrial Revolution. This was also the title of one essay in the book. Return of the Primitive was published in 1999, and is an expanded edition of The New Left, edited with an introduction by Peter Schwartz. It includes Schwartz?s essay “The Return of the Primitive,” which he used for the title of the new edition.

IHS Summer Seminars

Interested in receiving training to help advance the cause of liberty? The Institute for Humane Studies is offering a variety of free seminars targeted towards students and recent graduates who want to bolster their understanding of the economic, political, and cultural foundations of liberty.
From their seminar overview:

If you’re like many students, you’re not quite satisfied with standard answers to social and political issues. You like to think for yourself, and you often come up with answers that don’t fit neatly into “left” or “right” pigeonholes.
In the face of new global challenges, IHS seminars provide an opportunity to re-examine society and politics from outside the usual boundaries. They open a window on the classical liberal or libertarian perspective – a perspective that begins with individual liberty and explores where that leads for the individual, community, government, economy, culture…

The seminars are offered in a number of locations across the country. Visit the IHS summer seminars page for further details.