“[Atlas Shrugged] is not a book to be lightly thrown aside. It should be thrown with great force.” – Attributed to Sid Ziff of the Los Angeles Mirror-News
Despite being a firm believer in reading your enemy (as evidenced by the copies of Friedrich Hayek’s The Road to Serfdom and Milton Frideman’s Free to Chose that I have gathering dust somewhere), I must confess I have never read Ayn Rand’s most well known novel, precisely because of reviews like the one quoted above. Atlas Shrugged is something of a bible for libertarians since it delineates her philosophy known as Objectivism which is based around ‘rational egoism’ and the economic system best suited to promote it, laissez-faire capitalism. The book was critically panned during its day and Rand was never taken seriously as a philosopher (or a novelist for that matter) although this has not stopped the book from finding its way into millions of college dorm rooms by “edgy” econ and political science undergraduates who fail to realize the lifelong cognitive and moral impairment that reading it and believing in it might entail.
The book itself is about a group of industrialists who, oppressed by excessive government bureaucracy and regulation, decide to abandon their businesses in order to create a new community based entirely on laissez-faire principles. The community would be called Galt’s Glutch, named after the mysterious character of John Galt who masterminds the capitalist rebellion and also outlines the community’s philosophy. Since then, the idea of forming a real-life Galt’s Glutch has been something of an obsession for many libertarians, although finding a location for such utopias is not easy. There is not a square inch of land left on Earth that is not claimed by a government as sovereign territory. This leaves only one place where states have no authority: international waters. Continue reading
The Black Death. Smallpox. Spanish Flu. By now we have all read how these pandemics ravaged humanity, leading to death tolls in the tens of millions. We have also seen how they raved the human body in gruesome, graphic ways. The bubonic plague caused black pustulent swellings that give the disease its nickname. Smallpox deforms the body with thousands of blisters. The Spanish Flu had many symptoms, some of which included uncontrollable nose bleeds and cyanosis, a darkening of the skin into a blue-black hue due to lack of oxygen. In many cases it was so swift that people feeling fine in the morning were gone by the end of the day, often simply dropping dead. More recently we have seen the scourge of Ebola, a hemorrhagic fever, that not only has death rates of 80% among its most lethal strains but also kill you in a horrifying manner, effectively liquefying your insides and bleeding them out from every orifice.
Compared to that, the novel coronavirus known as SARS-CoV-2 (or specifically, the disease that it causes which is Covid-19) that is currently affecting the planet is remarkably unremarkable in terms of its lethality and gruesomeness. Death rates have been widely quoted as being around 3%, give or take depending on a country’s demographics as well as general levels of health and preparedness, but they are far lower when all of the untested, asymptomatic cases are considered. Certainly worse than “just the flu” but considerably lower than some of its corona-cousins like SARS (1-in-3 dead) and MERS (2-in-3 dead), the latter being by far the most deadly of the bunch and up there in lethality with most hemorrhagic fevers. And although the clinical description of what Covid-19 does to so many parts of the body is nightmarish, it is all mercifully hidden under the skin. A Hollywood summer blockbuster disease this is not.
Which leads me to believe that although Covid-19 may not be an apocalyptic “perfect killer” disease, it is quite possibly the most perfect destroyer of a modern globalized economy. In fact, if one had to design a disease to bring global capitalism to its knees, it would probably be this. Continue reading