Posts Tagged ‘Looters’

Would Ayn Rand join the GOP Today? (pt. 2: The Looters)

January 4, 2012

Would Ayn Rand join the GOP Today?

            The short answer:  No.

The longer answer:  No, no, a thousand times, no!

The still longer and fuller answer:  that will take awhile.

The Looters

“If some men attempt to survive by means of brute force or fraud, by looting, robbing, cheating or enslaving the men who produce, it still remains true that their survival is made possible only by their victims, only by the men who choose to think and to produce the goods which they, the looters, are seizing.  Such looters are parasites incapable of survival, who exist by destroying those who are capable, those who are pursuing a course of action proper to man.”  Ayn Rand, “The Objectivist Ethics,” in The Virtue of Selfishness.

Rand is celebrated today for her denunciations of the “moochers and the leeches,” the poor who demand to be supported by the rich.  Less often repeated are her denunciations of “the looters and the thugs,” those who steal not through the welfare state but through criminality, or crooked laws, defrauding those who work to become rich off the labors of others.  Of course, Rand is no Marxist; she celebrates the entrepreneur and capitalist who take risks with their own talents or their own resources, and bear the costs of their own failures.  These are the responsible, productive individuals.  They deserve whatever their intelligence and industry brings them.  They choose not to be victims of others, and not to victimize others either.  Rand says that either is a denial of one’s true humanity, which is to say one’s rational nature.  To victimize others is not to survive as man qua man, since it is to live not as a human being but as a parasite.  To be human is to be rational and productive.  These are the traits that lead to survival of the human individual and species.  The looter, like a tapeworm, survives only because there is a productive being it can sap life from; as long as it kills its host slowly enough, it can live.  But the looters are ultimately destroying humanity.  One tick may not kill a dog, but a dog with enough ticks will bleed to death; and when the last dog is gone the ticks will die too.

For this reason, the rationally selfish person chooses to live by trade, not by looting.  Trade is the honest and open exchange of goods, services, talents and knowledge.  It strengthens the human race, and in doing so it strengthens every individual who participates in it.  As Rand puts it, the purpose of ethics is one’s own life and happiness; but the standard of ethics is human life.  What does not preserve and promote human life—-not just my life, but man qua man—-is not ethical.  So the moral person lives by trade and not by looting because this is what preserves human life, the life and continued existence of humanity.  That is the standard of what is ethical.  My own purpose may be my own preservation, but the measure of whether the means I would choose are proper is human life.  Rand thus starts from an egoistic purpose, it seems, but ends up sounding very much like Kant:  “The basic social principle of the Objectivist ethics is that just as life is an end in itself, so every living human being is an end in himself, not the means to the ends or the welfare of others—-and, therefore, that man must live for his own sake, neither sacrificing himself to others nor sacrificing others to himself.”  (“The Objectivist Ethics” in The Virtue of Selfishness, Signet Press, 1964:  p. 30).

Rand would approve of the one-percenter who earned his or her wealth and now resists giving it away to support the lazy leech.  The rich one has every right to give his or her wealth away voluntarily, but must resist being forced; not to resist is to betray one’s own human nature.  But “the principle of trade is the only rational ethical principle for all human relationships, personal and social, private and public, spiritual and material.  It is the principle of justice…..  A trader … does not switch to others the burden of his failures….” (pp. 34-35).  From the savings and loans crisis of the Reagan era (which cost 3.2% of our GDP) to ENRON to the TARP bailout (which is estimated to have cost us 1% of our GDP) and the other bailouts, it is clear that business in the USA is not being carried out under Rand’s principles of trade.  It is being carried out by the looters, under laws made by the looters and for the looters.  And whenever some regulation is proposed to prevent these CEOs and CFOs from gambling with other people’s money and keeping the winnings while sharing the losses, the lobbyists and the SuperPACs come out and make sure nothing comes of it.  Today, virtually every major banking institution suckles from the taxpayer’s teat.  By threatening to crash the entire world global economic system, rich banks and rich bankers have set themselves up with a sweet deal.  Today, the big banks borrow from the Fed at no interest, and then loan that money back to the government at interest.  The taxpayer’s money, that was supposed to allow banks to start lending again so the taxpayer could start borrowing and entrepreneurs could start investing and inventing and producing, is instead being recycled to pay huge bonuses to bankers.  It’s not the 1%, but the 0.1% that are pulling this scam.  Cut them off, and we go into a Second Great Depression.  Regulate them, says the GOP, and we’ll be squelching the “productive” class.  But when the GOP and FOX whines about the leeches draining the poor productive class, who are they defending?  Not the traders.  The SuperPAC money from the banking industry is raised from the looters, to pay for laws to protect the looters.  The fact is that at this point, the banking industry is funded and supported by the taxpayer.  They are both looters and leeches.   And the GOP has made itself the party that defends the anti-competitive monopoly in its efforts to squelch the small entrepreneur who tries to start a small business, the multinational corporation that dumps its wastes in drinking water and expects someone else to pay to clean it up, and the big manufacturer that accepts shipments from small businesses and then refuses to pay them for months at a time so it can use small businessmen as its own no-interest bank.  In short, the GOP is the party of the looters.  (The Dems take their share of money from looters, too, but they haven’t made defending the looters part of their stated party platform.)

From the Regan-Bush bailout of the S&Ls to the Bush bailout of the banks, the GOP has chosen to be the party of deregulation, not in the name of free markets but in the cause of crony capitalism and kleptocracy.  When the financial industry has been deregulated and allowed to take greater risks, the profits were raked in by the top executives while the risks were assumed by the taxpayers.  When polluters are deregulated, the profits go to the 0.1% while the costs in health and cleanup go to taxpayers.  Even Ron Paul has said that libertarian principles do not mean polluters can use their neighbors as mere means to their own ends.

Rand wrote that we should have real capitalism.  She would have defended Bush’s decision to let Lehman Brothers go under; the executives and the stockholders who hired them should go bankrupt for their own follies.  But this also nearly destroyed the nation’s economy, so the decision was made not to allow any more major financial institutions to fail.*  Fine:  I’m not looking forward to a Second Great Depression either.  But would Rand really demand that we allow a few reckless, foolish looters to destroy the wealth of millions of rational, productive individuals?

* Instead FOX News defended paying the executives big bonuses, with taxpayer dollars, because it is necessary to attract “top talent.”  Talent for what?