The impetus behind the Atlas Shrugged Initiative, explains ARI President and Executive Director Yaron Brook, is the fact that “At no time in history has there been greater public interest in Ayn Rand’s Atlas Shrugged. And its message has never been more urgent.

“The torrent of destructive, statist policies emanating from Washington represents both a crisis—and an opportunity. Through the Atlas Shrugged Initiative, we intend to capitalize on the soaring grassroots interest in Ayn Rand and her ideas.”

Adds Dr. Brook, “The Atlas Shrugged Initiative is off to an outstanding start. A very generous benefactor has already offered to match every dollar donated to this Initiative—up to a total of $500,000—and as a result of early and substantial funding, the bookstore promotions that are a key component of the Initiative are already well underway.”

Key elements of the Atlas Shrugged Initiative include significant bookstore promotions of the novel; an expansion of ARI’s web-based efforts to spur readership of Atlas Shrugged; expansion of ARI’s long-running educational programs for high school and college students; and targeted outreach to pro-liberty, pro-capitalist activists around the nation.

Visit the Ayn Rand Institute’s Atlas Shrugged Initiative campaign page to learn more or to support this campaign.

Read more…

There Is No Right to Health Care

July 23, 2009

Washington, D.C.–President Obama’s health care reform is being driven by the idea that people have a right to health care and health insurance coverage. “This is wrong,” says Yaron Brook, executive director of the Ayn Rand Center.

“There can be no such thing as a ‘right’ to products or services created by the effort of others, and this most definitely includes medical products and services. Rights, as our Founding Fathers conceived them, are not claims to economic goods, but to freedoms of action.

“You are free to see a doctor and pay him for his services–no one may forcibly prevent you from doing so. But you do not have a ‘right’ to force the doctor to treat you without charge or to force others to pay for your treatment. The rights of some cannot require the coercion and sacrifice of others.

“A real and lasting solution to our health care problems requires a rejection of the entitlement mentality in favor of a proper conception of rights.”

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First published in 1938, “Anthem” is a heroic and inspiring story about the triumph of the individual’s independent spirit. “Anthem” depicts a collectivist dictatorship in a future in which the word “I” has vanished, and how a lone dissident discovers the lost word’s spiritual meaning.

Open to 8th, 9th and 10th graders, the “Anthem” essay contest requires contestants to write on one of several topics dealing with the characters and themes in the novel. The contest is designed to promote critical thinking and writing skills. Essays are judged on both style and content.

According to Marilee Dahl, ARI’s education manager, “Judges look for writing that is clear, articulate and logically organized. Winning essays must demonstrate an outstanding grasp of the philosophic meaning of ‘Anthem.’”

Since 1985 more than 200,000 high school students from around the world have entered ARI essay contests and received more than a half million dollars in cash awards.

The first prize winner for this year’s “Anthem” essay contest will take home $2,000; 5 second-prize winners will each receive $500; and 10 third-prize winners will each receive $200. In addition, 45 finalists will each get $50 and every one of the 175 semifinalists will get $30.

More information about this year’s competition can be found at http://aynrand.org/contests. To interview Ms. Marilee Dahl or to learn more about ARI’s educational programs, please contact media@aynrand.org.

Atlas Shrugged Selling in Record Numbers

Irvine, CA, July 13, 2009–Penguin USA, publisher of the four American editions of Ayn Rand’s Atlas Shrugged, has reported that in the first half of 2009 it shipped well over 300,000 copies of Atlas Shrugged to distributors, bookstores, bookstore chains, online resellers, libraries, businesses and other institutions.

As Dr. Yaron Brook, executive director of the Ayn Rand Institute, noted, “Considering that in the first half of 2008 Penguin shipped about 85,000 copies, the spectacular jump to 300,000 copies in the first half of 2009 represents an increase of almost 250 percent in gross sales of Atlas Shrugged!

Reports from industry sources indicate that more copies of Atlas Shrugged were sold in book stores and by online resellers in the first half of 2009 than in all of 2008, when a new all-time annual record was established with more than 200,000 copies of the novel sold in the United States.

“The spike in sales of Atlas Shrugged more than a half century after its initial publication is truly remarkable,” Dr. Brook pointed out. “Annual sales of Atlas Shrugged have been increasing for decades to a level not seen even in Ayn Rand’s lifetime. Sales of the U.S. paperback editions averaged around 70,000 copies a year in the 1980s, and doubled to about 140,000 copies a year in the current decade. And the pace of sales has been accelerating recently, reaching an all-time high during the novel’s 50th anniversary in 2007, surpassing this mark in 2008, and on course to set another record in 2009.”

Almost 7,000,000 copies of Atlas Shrugged have been sold since it was first published in 1957.

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Ayn Rand Scholars and Fans Gather in Boston

July 1, 2009

Irvine, CA On July 3rd the Ayn Rand Institute will hold its annual Objectivist Summer Conference (OCON) at the Seaport Hotel in Boston.  From all over the world admirers of the late novelist and philosopher Ayn Rand will gather for nine days of intellectual stimulation and fellowship.
 
OCON will feature classes by the world’s leading Objectivist scholars and businessmen, such as BB&T Corporation Chairman John Allison, and the President and CEO of Hutchinson Technology, Wayne Fortun.  Ayn Rand Institute president and executive director Yaron Brook will also be giving a course on the causes of the financial crisis. 

“OCON is a very unique opportunity for enthusiasts of Ayn Rand to associate and discuss Objectivist ideas”, Dr. Brook said. “For many of our conferees this is their only, and most cherished, vacation of the year.”

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And come March, once that new money has disappeared down the Detroit drain hole, renewed pleas for aid will undoubtedly land on President Obama’s desk. Will the new chief executive emulate Bush, bowing to the anti-bankruptcy sentiment fomented by Rep. Barney Frank, chairman of the House Financial Services Committee, and others who advocate bailing out the Detroit automakers? Or will he let the bankruptcy courts take charge?

“There’s only one thing you can do in bankruptcy that you can’t do outside of bankruptcy–break your word, break your deals,” said Frank in a “60 Minutes” interview. “It allows you to say to the small businesses who have been catering lunches for you, ‘sorry, we’re not paying you.’ It allows you to go to the workers and say, ‘sorry, we’re not paying you.’”

Really? So bankruptcy is a get-out-of-jail-free card that allows treacherous companies to escape payment obligations they would otherwise have to honor? Sorry, Mr. Frank, but that’s a fantasy.

Plodding behemoths like General Motors are not even eligible for bankruptcy until they’ve become insolvent, which means they already can’t pay their bills and have no prospects for recovery. What bankruptcy does is treat the victims of those broken deals fairly–by preventing the bankrupt company from playing favorites among unpaid creditors, and by giving those creditors a big say in the distressed company’s future.

If an automaker can return to profitability by streamlining products, cutting staff, or closing plants, a bankruptcy judge can allow a reorganization. But a company that’s hopelessly floundering may have to be liquidated through an orderly sale of assets, with income paid to creditors according to their existing contract rights.

Yes, Mr. Frank, some creditors walk away from a bankruptcy empty-handed, or collect only pennies on each dollar of debt. Caterers, assembly-line workers, material suppliers, landlords–everyone who does business with a company in a market economy assumes a risk of nonpayment. But that needn’t spell disaster if creditors take steps in advance to confine the pain of bankruptcy within reasonable limits. Wise businessmen check on credit histories, set limits on outstanding balances, and register liens on hard assets. Even unions can protect their members, such as by having pension funds placed in trusts sheltered from bankruptcy proceedings.

Under bankruptcy, the risk of financial loss stays right where it belongs, on those who assumed the risk of non-payment by voluntarily dealing with a badly managed company. But in Barney Frank’s bailout universe, Congress can simply paper over the reality of business failure by shifting those losses to taxpayers, competitors, and consumers–in short, everyone who doesn’t deserve to pay.

This means that if GM’s caterers don’t get paid for the hors d’oeuvres served to CEO Rick Wagoner and his team of corporate bailout beggars, you and I must foot the bill. And if UAW members fear losing the staggeringly high wages and benefits they’ve extorted over decades using pro-union legal privileges, society must ride to their rescue.

But shifting the financial pain of business failure onto society at large is unjust. Most obviously, taxpayers shouldn’t be forced to prop up failing companies’ balance sheets. But other victims abound. Think of the profitable competitors with hard-earned credit standings, watching with justified resentment as badly managed rivals line up at the public trough.

Consumers, too, pay a price for bailouts. Bailed-out firms flood the market with inferior products–GM cars, anyone?–by continuing to own assets that would have gone to making more desirable products if market forces had ruled. Just picture today’s city streets if the horse and buggy industry had been bailed out a century ago.

Is General Motors to become a brain-dead patient in a Federal bailout ward, languishing on tax-funded life support beyond all hope of recovery? Not if Congress steps aside and lets the bankruptcy courts do justice through adjudication.

“Americans can learn an important lesson from the spread of socialism in Venezuela,” said Thomas Bowden, an analyst at the Ayn Rand Center for Individual Rights. “What is Chavez counting on when he grabs a private building and vows to make it into a hospital, school, or university? He’s counting on his listeners to excuse the seizure of private property because a higher moral purpose is supposedly being served.

“Chavez is relying on the fact that socialism embodies the world’s moral ideal of individual sacrifice for the ‘common good.’ History has taught him that no opponent will denounce that ideal. And so he climbs to the moral high ground, turning his back on socialism’s dismal historical record of economic decline, lost freedoms, and human misery.

“As long as the moral ideal of self-sacrifice remains unchallenged, socialism will continue to spread–not only in the third world, but in America as well.

“There is a rational alternative. It’s laissez-faire capitalism, which upholds the individual’s moral right to live and work for his own sake, not society’s. But to establish freedom we must dig up the moral roots that continue to nourish socialism worldwide.”

“If you think free Internet access under this plan would be a good thing, think again,” said Don Watkins, a writer for the Ayn Rand Center for Individual Rights. “This ‘free’ access comes at the price of giving government unprecedented control over the Internet.

“Since no ISP can compete with free, omnipresent Internet access, this plan means that virtually all online users will be herded into the government-controlled Internet. And as the history of radio and television has shown, once the government guarantees ‘free’ access to a communications medium, it will inevitably exercise control over its content–i.e., censorship.

“In fact, this plan already comes with censorship strings attached; the FCC has declared that this ‘free’ Internet must filter out pornography and other material deemed unsuitable for children. Not only will this prevent vast numbers of Americans from accessing content the government regards as inappropriate, but it will unavoidably lead to massive self-censorship by websites struggling to avoid government sanitization.

“The FCC should auction off these airwaves without preconditions–not use the prospect of ‘free’ wireless access to lure us into accepting an online censorship regime.”

“This crisis was caused by government intervention into the economy, yet every proposal to fix the housing market involves more power for Washington,” said Yaron Brook, executive director of the Ayn Rand Center for Individual Rights. “Instead of more government distortion of markets, we should be looking for ways to get the government off our backs. That will require us to think outside the box, so here’s one–admittedly radical–suggestion to get us started: free up immigration.

“At a time when Americans are suffering from an oversupply of housing, it is tragic that the government continues to forcibly prevent millions of peaceful people around the globe from bringing their wealth, talent, and ambition to this country.

“Imagine if the number of annual immigrants increased from around 650,000 a year to, say, five million. Virtually overnight we would see money pour into the American real estate market, as millions of new businessmen and workers bought and rented homes. Not only would this eliminate the oversupply of houses, we would enjoy the broader, long-term economic benefits of welcoming legions of highly skilled and motivated individuals into the American economy.”