Ayn Rand: Producers vs. Looters
Watkins and Brook have a dim, but realistic outlook on the state of today's economy:The producers, such as Hank Rearden, inventor of a new metal stronger and cheaper than steel, work tirelessly to create products that improve human life. The looters are basically pseudobusinessmen, like the incompetent steel executive Orren Boyle, who get unearned riches by getting special favors from politicians. Their business isn’t business, but political pull.It is the producers who make life possible: who keep grocery shelves stocked; who discover new lifesaving drugs; who make computers faster, buildings taller, and airplanes safer.The looters, on the other hand, leech off the wealth created by producers.The novel rejects the widespread notion that both the producer Reardens and the looter Boyles are fundamentally united by a desire for profit. Only the Reardens, she argues, deserve to be called profit-seekers, because they earn rewards through productive effort; the Boyles are antieffort parasites seeking unearned loot.But it’s not only unearned wealth the looters want. In “Atlas Shrugged,” Boyle uses his influence to throttle Rearden with progressively harsher government controls and regulations, because he can’t survive except by hindering the competition.Producers, however, don’t need special favors, only freedom: the freedom to produce, to trade voluntarily, and, if they succeed, to keep the profits. As a country becomes less free, it creates and unleashes more and more Boyles, who succeed at the expense of the Reardens.America, today, is still a land of producers. Our country is full of industrialists, managers, and financiers who display the ruthlessly high standards, exceptional intelligence, and extraordinary work ethic that are characteristic of a producer.
If the President and Congress continue on the same path we're on now, we may very well meet the end played out in Atlas Shrugged. At some point, the producers will lose their will to produce and the looters will no longer have anything left to loot. We must hope for change in 2012!But the Boyles are on the rise, growing fat on bailouts, handouts, and other sundry opportunities for political profiteering. For every producer like BB&T bank’s John Allison, who opposed Washington’s bailouts and was forced to accept government money, there seem to be 10 like former General Motors CEO Rick Wagoner, demanding tax dollars to prop up their failing companies.