A Book Every Military Strategist and Politician Should Read

A Book Every Military Strategist and Politician Should Read

WASHINGTON, October 6, 2009–Eight years after 9/11 and in the shadow of two protracted U.S. military campaigns in the Middle East, the enemy is not only undefeated but emboldened and resurgent. What went wrong–and what should we do going forward?

Record Number of People Are Listening to Atlas Shrugged

Record Number of People Are Listening to Atlas Shrugged

Washington, D.C., June 22, 2009–The Ayn Rand Center for Individual Rights and the media have been reporting on the surge in sales of Ayn Rand’s classic novel Atlas Shrugged over the last six months. Not surprisingly, sales of the Atlas Shrugged audio book are also making impressive gains.

According to Blackstone Audio, one of the publishers of the full text audio edition of Atlas Shrugged, 16,000 audio copies of the novel were sold in the first five months of 2009, compared to around 20,000 in all of 2008. “This is a huge increase,” noted Dr. Yaron Brook, executive director of the Ayn Rand Center for Individual Rights. “This year audio copies of Atlas Shrugged are selling at about twice the rate as last year.”

Reports from trade sources have indicated that book purchases of Atlas Shrugged have also spiked recently, having tripled in the first four months of 2009 compared to the first four months of 2008. “The tripling in sales of Atlas Shrugged is remarkable,” said Dr. Brook, “especially considering that in 2008 a new all-time record in annual sales of the novel was established with more than 200,000 copies sold in the United States.”

More than 6,500,000 copies of Atlas Shrugged have been sold to date.

“Given the striking similarities between the plot-line of the book and the events of our day, more Americans are reading and listening to Atlas Shrugged than ever before,” said Yaron Brook. “Hopefully, they will find in Atlas Shrugged the principled solutions to the problems we face today.”

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Punishing Google for Its Success

By Alex Epstein (Investor’s Business Daily, June 4, 2009)

The Obama administration’s Department of Justice recently announced that it will dramatically increase enforcement of antitrust laws against successful, dominant companies who allegedly harm competition by wielding too much “market power.” What sorts of companies? Experts agree that the first targets might include one of America’s most beloved. “This will be bad news for heavyweights in the tech industries,” a leading scholar told the New York Times, “companies like Google.”

But wait: Isn’t Google a company whose products and services, centered around its fabulously popular search engine, benefit millions of Americans and businesses? Shouldn’t Americans be celebrating Google, and shouldn’t the government be leaving it alone?

No, antitrust enforcers say. Google has become too “dominant” in the search engine market–that is, too many of us choose to type in http://www.google.com/ instead of http://www.yahoo.com/ or http://www.live.com/. This allegedly gives Google too much power over those who wish to buy its coveted, keyword-based advertising. In an influential article on leading technology blog TechCrunch, Wharton professor Eric Clemons argued that “Google enjoys monopoly power over corporations that participate in its keyword auctions” and “Google is abusing its monopoly position by overcharging corporations for access to consumers.”

But what does it even mean to have “abusive monopoly power?”  Well, consider what the “power” of Google–a company no one is forced to deal with and anyone is free to compete with–really amounts to.

Through incredible technical innovation and brilliant management and marketing, Google has created by far the most popular search engine on the planet, attracting hundreds of millions of users. Through additional innovation, it has created the AdSense program, which offers advertisers the ability to reach users whose searches contain keywords associated with the advertisers’ products. Millions of advertisers eager to reach that Google user-base are willing to pay substantially higher rates than less-popular search engines can charge. Google even holds expensive auctions for top keywords.

Google’s prices and terms, often denigrated as “overcharging” and “unfair,” are in fact earned. And Google’s power to attain them exists only as long as it continues to offer superior value to its advertising customers. The minute AdSense’s rates stop making financial sense to advertisers, Google will see its dominance disappear. Critics bemoan the difficulty faced by competitors trying to overtake Google in search and advertising revenue–but that just proves how much value Google brings to the table, relative to anyone else. This is grounds for admiration of a superior competitornot prosecution for being “anticompetitive.”

Google has no power to force consumers to use its products and no power to prevent competitors from offering products of their own. Consequently, it can pose no threat to anyone’s rights or to the competitive process. (If Google ever does use coercion, as is alleged in a copyright case against the company, it should be prosecuted–but this has nothing to do with antitrust.)

There is, however, one player in today’s market that can thwart competition: the government. By using the vast and arbitrary political power given to it by antitrust law, the government can forcibly control successful companies such as Google and Microsoft, telling them what products they cannot sell, what markets they cannot enter, what prices they cannot charge. Obama’s new push to “protect competition” is the real threat to competition. Under the reign of antitrust, any superior company can be stopped in its tracks because some bureaucrat, company, or academic decides that the prices in its voluntary contracts are too high, or its voluntary terms are too onerous, or evento take another common accusation against Google–that its stable of free products is too large! In other words, Google is to be shackled so that future competitors can catch up to Gmail, Google Maps, and Google Books.

Success earned in a free, competitive process is an achievement. Our Department of Justice regards it as a crime. Thus, we may well see Google undergo the fate of Microsoft, which has been tortured, drained, and shackled by more than a decade of antitrust persecution–for adding a web browser to its fabulously successful operating system. Google famously encourages employees to devote 20% of their time to creative projects of their own choosing. An antitrust case could effectively force much of that precious time and energy to be devoted to mollifying and obeying Washington’s economic little Caesars. Let’s challenge this travesty-in-the-making, along with its underlying theory that successful companies possess “monopoly power,” before America commits yet another sin against capitalism.

He’s No Rand Disciple

By Alex Epstein (Published in American Banker, May 20, 2009)

In a recent story about former BB&T CEO John Allison’s support of Ayn Rand’s laissez-faire ideas, including a gold standard, (“Allison Shrugs”) American Banker repeats an unfortunate misconception about Rand, one that is often used to undermine anyone who agrees with her: “Even former Federal Reserve Board Chairman Alan Greenspan, Rand’s most famous student, has backed away from her ideas as the financial crisis has deepened.”

But Greenspan can’t “back away” from something he hasn’t believed or supported for decades. Remember, this is a man who for two decades reveled in wielding the manipulative power granted to him as Fed Chairman–a job he once (rightly) argued should not exist. The New York Times called him “the infallible maestro of the financial system.” Free markets don’t have “infallible maestros”; they liberate us from such “maestros”–the central planners who have time and again falsely claimed the ability and the right to orchestrate (dictate) millions of economic lives.

Greenspan long ago degenerated into another central planner–and a particularly bad one, both because of his highly inflationary policies (a fundamental cause of the crisis) and because he implemented them under the banner of laissez-faire. If one wishes to understand or argue with the laissez-faire ideas of Ayn Rand, Alan Greenspan is the last person to look to. He stands for free markets about as much as a Chinese censor stands for free speech.

Pakistan’s Surrender to the Taliban

Pakistan’s Surrender to the Taliban

Washington, D.C., April 23, 2009–In reaction to the Pakistani government’s decision to give Islamists the power to enforce sharia (Islamic law) in the north of the country, Elan Journo, fellow at the Ayn Rand Center for Individual Rights, warned that all of Pakistan is at risk of falling under Islamic rule.

According to Mr. Journo, “Instead of living up to its stated goal of opposing the Islamists, by defeating them militarily, Islamabad has opted for the losing policy of appeasement–a policy that can only strengthen the jihadists.” If the current trend of appeasement continues to unfold, argued Mr. Journo, nuclear-armed Pakistan may soon “look a lot like Taliban-controlled Afghanistan.”

Just like other cases of appeasement, noted Mr. Journo, Pakistan’s surrender “was predicated on willfully ignoring crucial facts about the goals of the Islamists–goals that are well known. For the last three-odd decades, jihadists all over the world have been vocal in asserting their ultimate aim of expanding Allah’s dominion across the face of the earth. Not alongside other forms of government, but in place of them.

“By evading the Islamist movement’s nature,” concluded Mr. Journo, “Pakistan has handed it a signal victory–the Swat Valley today, plausibly the rest of Pakistan tomorrow.”

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How to End Piracy in the High Seas

How to End Piracy in the High Seas

Washington, D.C., April 20, 2009–In a dramatic rescue operation a week ago, U.S. Navy Seals succeeded in freeing Capt. Richard Phillips from captivity by Somali pirates.
 
According to Elan Journo, analyst at the Ayn Rand Center for Individual Rights, even though the operation was successful, it did not teach the pirates the appropriate lesson, as evidenced by news of a pirate attack on another American-flagged ship, the Liberty Sun.
 
“The pirates have not been deterred,” said Mr. Journo, “because we have emboldened them for years through an entrenched policy of passivity and accommodation–and the freeing of Capt. Phillips was unfortunately just one halting step in a better direction.
 
“What we need–in response to piracy as well as other foreign threats–is an across-the-board reversal in U.S. policy. When, for example, it became clear more than a year ago that the waters off the coast of Somalia are a playground for pirates, the minimum that Washington should have done was to lay down an ultimatum to the pirates to leave Americans alone or else–and lived up to it.
 
“The substance of that warning: if any American vessel is captured by pirates, we will use military force to destroy every last pirate base in Somalia. When such a threat of retaliation is made fully credible, it can be sufficient to deter would-be aggressors. If any dare test us, then we must unapologetically respond with force.
 
“When America has once again earned a reputation as a power that none dare cross,” Mr. Journo concluded, “we won’t have to worry about pirates.”

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Obama Evades Government’s Role in the Crisis

Obama Evades Government’s Role in the Crisis

Washington, D.C., April 10, 2009–In an op-ed published this week by Canada’s Financial Post, Alex Epstein, analyst at the Ayn Rand Center for Individual Rights, argued that “In calling for a massive increase in government control over the economy,” Obama “has evaded the mountain of evidence implicating the government.”
 
The primary cause of the current crisis, explained Mr. Epstein, was “drastic attempts by the government to control the housing and financial markets–via a Federal Reserve that cut interest rates to all-time lows, and via a gigantic increase in Fannie Mae and Freddie Mac’s size and influence.” Through these entities, Epstein pointed out, “the government sought to ‘stimulate the economy’ and promote homeownership by artificially extending cheap credit to home-buyers.”
 
But, Mr. Epstein noted, Obama did not mention the Fed, Fannie, or Freddie even once, during his recent 52-minute speech to Congress. “Not once did he suggest that government manipulation of markets could have any possible role in the present crisis. He just went full steam ahead and called for more spending, more intervention, and more government housing programs as the solution.”
 
But the “fundamental solution to our problems,” said Epstein, is “to disentangle the government from the markets to prevent future manipulation.” To achieve that, Epstein concluded, we need to consider “pro-free-market remedies such as letting banks foreclose, letting prices reach market levels, letting bad banks fail, dismantling Fannie and Freddie, ending bailout promises, and getting rid of the Fed’s power to manipulate interest rates.”

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National Service Is Un-American

Washington, D.C. – By a wide (79-19) margin, the Senate approved a bill, the Serve America Act, last week that will massively expand so-called community service programs. Boosters have gushed that “This legislation represents the best of America’s ideals,” but according to Elan Journo, fellow at the Ayn Rand Center for Individual Rights, “the Serve America Act represents a repudiation of the best of America’s ideals.”

“What made America unique in history,” said Journo in the Voices for Reason blog, “was its foundational political-moral recognition that each individual has a right to live for his own sake and pursue his own happiness, and that he has no duty to subordinate his time or effort to any allegedly higher good-neither his neighbor, nor the community, nor the government.”

Mr. Journo warned us to “not believe that pushers of ‘national service’ want it to remain voluntary,” and recalled that “past initiatives of this kind made receiving a high school diploma contingent on fulfilling a service requirement. They’ve now succeeded in expanding the gambit. What’s the end game? Compulsory service as a requirement of maintaining citizenship? There’s now good reason to believe that could become a reality.”

To learn more about the Ayn Rand Center’s opposition to “national service” initiatives, read the following two articles, one released during the Clinton administration, the other released during G.W. Bush’s administration.

Britain Should Start "Easing" Government Stranglehold on the Economy

By Alex Epstein (Sunday Telegraph, March 8, 2009)

Responding to a crisis caused by the inflationary policies of central banks, the Bank of England has decided to generate still more inflation, just in a different form: “quantitative easing.” And so Britain, along with the rest of the world, continues to fight fire with petrol.

If Britain really wants to solve its financial crisis, why doesn’t it start “easing” the government stranglehold on the economy that caused this mess? What about stripping away housing restrictions that prevented supply from keeping up with demand? What about slashing the massive government spending that crowds out private ventures? What about ending the policy of propping up insolvent financial institutions, a policy that only freezes taxpayers’ capital?

And what about calling for an international free banking system and gold standard that would make a credit crisis like today’s impossible?

“Earth Hour” Symbolizes the Renunciation of Industrial Civilization

Washington, DC, March 26, 2009–On Saturday, March 28, cities around the world will turn off their lights to observe “Earth Hour.” Iconic landmarks from the Sydney Opera House to Manhattan’s skyscrapers will be darkened to encourage reduced energy use and signal a commitment to fighting climate change.

But according to a recently released op-ed by Dr. Keith Lockitch, resident fellow of the Ayn Rand Center for Individual Rights, “The symbolic message that Earth Hour sends is deceptive and destructive.”

“Cutting off our carbon emissions would be a global catastrophe. Carbon-based energy is a life-and-death necessity in today’s world. A truly massive reduction in carbon emissions means a massive reduction in our energy use and would cause significant harm.

“The lights of our cities and monuments are a symbol of human achievement, of what mankind has accomplished in rising from the cave to the skyscraper. Earth Hour presents the disturbing spectacle of people celebrating those lights being extinguished. Its call for people to renounce energy and to rejoice at darkened skyscrapers makes its real meaning unmistakably clear: Earth Hour symbolizes the renunciation of industrial civilization.”

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