Blogs > Liberty and Power > Ayn Rand to Blame for Goldman Sachs?

May 1, 2010 11:23 am

Ayn Rand to Blame for Goldman Sachs?

The bizarre attacks on Ayn Rand continue. Business Day (25/04), a Rand-bashing article by Matt Taibbi opens,
SO GOLDMAN Sachs, the world's greatest and smuggest investment bank, has been sued for fraud by the American Securities and Exchange Commission. Legally, the case hangs on a technicality. Morally, however, the case may turn into a final referendum on the greed-is-good ethos that conquered America in the '80s - and in the years since has aped other horrifying American trends in spreading across the Western world like a venereal disease. When the globe was engulfed in the flood of defaults and derivative losses that emerged from the collapse of the US housing bubble two years ago, few understood that the crash had its roots in the lunatic greed-centred objectivist religion, fostered in the '50s and '60s by ponderous emigre novelist Ayn Rand.

And, then, the bashing continues unabated. Of all the valid criticisms you can level at Rand and Objectivism...Goldman Sachs?

For more commentary, please visit

comments powered by Disqus

More Comments:

Ross Levatter - 5/1/2010

I could have sworn Kant was to blame for Goldman Sachs...