Kind of Timely. Atlas Shrugged. Fiction Meets Reality.

From the book Atlas Shrugged. It’s required reading in my house.

“He didn’t invent iron ore and blast furnaces, did he?”

“Who?”

“Rearden. He didn’t invent smelting and chemistry and air compression. He couldn’t have invented his Metal but for thousands and thousands of other people. His Metal! Why does he think it’s his? Why does he think it’s his invention? Everybody uses the work of everybody else. Nobody ever invents anything.”

She said, puzzled, “But the iron ore and all those other things were there all the time. Why didn’t anybody else make that Metal, but Mr. Rearden did?”

PagePart One, Chapter Nine.

tip of the hat to Atlas Shrugged Facebook Page.

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Thanks for the link, Instapundit.

tip of the hat, American Enterprise Institute and Ace.

Thanks for the link NRO, we will have some good stuff for you in the coming weeks.

36 thoughts on “Kind of Timely. Atlas Shrugged. Fiction Meets Reality.

    1. The interesting thing about the internet that government advocates always forget is that it wasn’t supposed to be used for commercial use, or social use. It was for defense communication.

      It took private industry intuition, risk taking and innovation to create something of value.

    1. To a large degree, yes. However in a July 2009, Standard and Poors estimated that 47% of the net profits of the corporations that make up the S&P 500 index originated from business that was conducted by subsidiaries entirely outside the U.S. (Damn, link no longer works.)

      Interestingly, S&P has gone silent on the matter since then. But I have seen unattributed estimates as high as 60%.

  1. Galtwannabe demonstrates the leftist practice of valuing “good intentions” over the truth. Since he believes his leftist ideas are good, that gives him the right to lie about conservatives.

  2. HEHE, thats too funny,I had forgotten that quote but I havent read the book in a few years and it has so many good ones my brain tends to leak a few.

  3. A million miles? Wasn’t she actually knee deep within it all, and fled Russia to get away from that very man-made disaster?
    As they say, history has a habit of rhyming. She’s the history teacher.

  4. Thanks for correcting the citation. I found it in my 35th Anniversary
    hardback edition on pg. 262. It was James Taggart speaking to Cheryl
    Brooks.

  5. For the last 40 years, politicians have managed to collectivize loss (Cash for Clunkers, Too Big to Fail, just for recent examples) yet privatize success. Now, Obama is getting in BIG trouble because he wants to collectivize everything – profit and loss. To quote the great Rush Limbaugh: “I hope he fails.” and takes the government/corporate safety net with him.

  6. .

    It is spooky that a Russian would be able to see those truths in those times. You could write that book today. Today.

    Incredibly insightful reading.

    .

  7. “Why does he think it’s his invention?” Rearden would have understood that he had an idea that seemed to be nonobvious(is “nonobviousness” still a technical term that is thrown around in the patent business?) And his metal had reached “reduction to practice”(go ahead and look up what that means; Rube Goldberg sorta made a career from that term.)

    ‘nuf said.

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