From the Objectivist Camp:
Is Rand Relevant? – by Yaron Brooke – March 14, 2009
“[Rand’s] magnum opus, ‘Atlas Shrugged,’ is selling at a faster rate today than at any time during its 51-year history.
“There’s a reason. In ‘Atlas,’ Rand tells the story of the U.S. economy crumbling under the weight of crushing government interventions and regulations. Meanwhile, blaming greed and the free market, Washington responds with more controls that only deepen the crisis. Sound familiar?”
Who is to Blame? – Interview with Yaron Brooke
“What we need to do is really make the case to the American people—and I think it’s an easy case to make—that this is not a failure of free markets, this is not a failure of capitalism, but this is a failure of the exact opposite. It’s a failure of the regulatory state. ”
America’s Unfree Market – by Yaron Brook and Don Watkins
“Decades of “deregulation” and a “hands-off” approach to the financial industry, we are told, have unleashed Wall Street greed. The free market has proved itself incapable of policing the financial sector—a fact so obvious that even Greenspan, the alleged arch-defender of capitalism, could not deny it.”
Let Them Fail – By Amit Ghate
“… in a free market business failures are not just normal, they’re crucial for the best products and ideas to emerge. Most restaurants fail in their first three years because customers have other preferences. Many mom-and-pop grocers go out of business because Walmart offers better selection and lower prices. Even whole industries–think typewriters, 8-tracks and horses and buggies–vanish because new inventions and competitors arise.
“None of these failures are a problem, nor do they threaten the system. On the contrary, they are an inherent part of the progress which only capitalism makes possible.
“So why would failures in the financial industry be any different?”