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Blog Home : October 2009 : 2009-10-12 to 2009-10-18
Colin Greer
Ayn Rand is popular again. Her most popular novels Atlas
Shrugged from 1957 and The Fountainhead
from 1943 are still being bought in large numbers. While it's plainly
fashionable for right wing activists and pundits to bandy about her
ideas to discredit the Obama administration, it's worth remembering one
thing... The American right sees Atlas Shrugged
as an almost
prophetic masterpiece that describes "the economic lunacy" of the
bailout and economic stimulus plan. As Stephen Moore (formerly of the CATO institute)
explains in the Wall
Street Journal, the warning of Atlas
Shrugged
is clear - the more government tries to fix things, the more they
break. "When profits and wealth and creativity are denigrated in
society, they start to disappear -- leaving everyone the poorer," he
says, concluding that the abolition of income tax would be a much
better policy idea. Two new biographies of Rand and maybe even a new film, are in
the works. The cult of Ayn Rand has inspired think tanks like the Ayn Rand Institute,
and The Atlas
Society,
and she has numerous followers in high places, notably including Alan
Greenspan (former chairman of the Federal Reserve and soloist for the
out-of-tune hymn to the inexorable free market). A copy of Atlas
Shrugged may have been one of the more
popular accessories at recent TEA parties.
Mike Konczal, the Atlantic
The Wall Street Journal ran a post over the weekend about a new credit crunch among low income borrowers, noting it is now 'payback time.' What they didn't go into is that their primary interviewee is drowning not on expensive cars loans but student loans. This former student's debt is far from extraordinary. It is, in fact, tragically ordinary, as student loans have become the 21st century version of indentured servitude.
In 2005, Jamie Leigh Jones was an employee for a private contractor in Iraq. She was drugged and brutally raped by her co-workers.
When she reported the crime to her employer, she was imprisoned in a shipping container. Given no food, water, or medical treatment. 24 hours later, US Embassy agents rescued her.
Her employer destroyed evidence so that she could not file criminal charges. They claimed that the contract she signed with them meant that she couldn't even take them to civil court.
In 2009, the Senate voted to not fund companies which force their employees to forfeit their rights to sue for sexual assault or harassment.
Thirty Senators voted against this amendment. All of them republican.
Matt Taibbi doesn't
pull punches in this Rolling
Stone piece: The crucial sentence in the article:
Fully
$350 billion a year could be saved on paperwork alone if the U.S. went
to a single-payer system — more than enough to pay for the
whole
goddamned thing, if anyone had the balls to stand up and say so.
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