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SOUND FAMILIAR?

By "Captain Liberty" and "Rumpole"

Much is being currently written about the events in Atlas Shrugged, Ayn Rand's masterpiece on what happens to a society based on collectivist- statist principles and altruistic ethics.  Many are writing that we are seeing the events in Rand's novel played out today, in a frighteningly all too real  display of altruistic collectivism implemented by the state (federal government). In one part of Atlas Shrugged, the story centers on the ruination of a bank- Community National Bank, run by Eugene Lawson. Rand had Lawson labeled in the story as the "banker with a heart." His actions in running his bank were guided solely by altruism;  "need" was the only standard for which decisions were based. The results were predictable. From Atlas Shrugged, here is Lawson explaining how the bank went under: ?They [the borrowers] were perfectly good men...continue to full post

Full post as published by Justice Building Blog on March 15, 2009 (boomark / email).