George Monbiot gets Ayn Rand and Alan Greenspan wrong | Anorak

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George Monbiot gets Ayn Rand and Alan Greenspan wrong

GEORGE Monbiot goes all over Ayn Rand and Alan Greenspan this morning:

It has a fair claim to be the ugliest philosophy the postwar world has produced. Selfishness, it contends, is good, altruism evil, empathy and compassion are irrational and destructive. The poor deserve to die; the rich deserve unmediated power. It has already been tested, and has failed spectacularly and catastrophically. Yet the belief system constructed by Ayn Rand, who died 30 years ago today, has never been more popular or influential.

I dunno really: Maoism killed 60 million people after 1949, Pol Potism a third of Cambodia’s population.Compared with that inspiring the Tea Party seems pretty minor. And on Alan Greenspan:

Once in government, Greenspan applied his guru’s philosophy to the letter, cutting taxes for the rich, repealing the laws constraining banks, refusing to regulate the predatory lending and the derivatives trading which eventually brought the system down.

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Posted: 6th, March 2012 | In: Money | Comment