This is rich. Alan Greenspan, known to be a big fan of Ayn Rand, is now talking about nationalizing banks. Well, well, well. So much for laissez faire. In a philosophy in which selfishness is a virtue and capitalism is the highest ideal, it seems that Rand and her followers have suffered something of an ideological TKO. Time to face up to the simple fact of anyone with any sense has always been aware; unchecked selfishness leads to nothing but chaos and disaster. Not only does the market need to be heavily regulated to function properly, but there are major sections of society in which the market simply doesn’t belong. Regardless of what Greenspan , Rand, or their followers think, it is not socialism, but capitalism that will fall into the dustbin of history.
2 weeks ago