Ayn Rand Institute Announces $2 Million Fundraising Campaign–the Atlas Shrugged Initiative

IRVINE, CA, July 24, 2009—The Ayn Rand Institute has announced a $2 million fundraising campaign—the Atlas Shrugged Initiative—in an unprecedented effort to increase readership of Ayn Rand’s best-known novel, Atlas Shrugged.

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.

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Study Ayn Rand’s Ideas

Study Ayn Rand’s Ideas

IRVINE, CA, July 30, 2009–The Objectivist Academic Center (OAC)–a four-year educational program offered by the Ayn Rand Institute–is accepting its final round of applications for the 2009-10 academic year. The OAC is designed for motivated students who want to study Ayn Rand’s ideas in a systematic fashion, under the guidance of ARI’s top intellectuals.

“Students of Ayn Rand’s philosophy, Objectivism, know that it is a rich, complex system that can take years to fully understand when studied on one’s own,” said Debi Ghate, vice president of Academic programs at ARI. “Those students who are seeking an in-depth understanding of that system come to the OAC, where they receive an unparalleled education in Objectivism and in the art of objective thinking and communication.”

The OAC is especially designed for full-time college students to supplement their university education, although others may apply. Visit http://www.objectivistacademiccenter.org/ to find more about the program, as well as an online application. There are a limited number of spots available, and the deadline to apply is July 31, 2009.

 

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Health Care is Not a Right

Health Care Is Not a Right

Washington, D.C., July 27, 2009–President Obama’s push for universal health care rests on the premise that people have a right to medical care and medical insurance. “This is wrong,” said Yaron Brook, executive director of the Ayn Rand Center. “This notion of some sort of entitlement to health care is a distortion of the concept of a ‘right’ and is ultimately what’s behind all of the problems with today’s medical system.

“Philosopher Leonard Peikoff explained the basic point in a 1993 speech (view the video or PDF) given in the context of HillaryCare. It applies equally to Obama’s ‘reforms.’ Peikoff argued that ‘all legitimate rights have one thing in common: they are rights to action, not to rewards from other people. The American rights [to life, liberty, property, and the pursuit of happiness] impose no obligations on other people, merely the negative obligation to leave you alone. The system guarantees you the chance to work for what you want–not to be given it without effort by somebody else. . . . Under the American system you have a right to health care if you can pay for it, i.e., if you can earn it by your own action and effort. But nobody has the right to the services of any professional individual or group simply because he wants them and desperately needs them. The very fact that he needs these services so desperately is the proof that he had better respect the freedom, the integrity, and the rights of the people who provide them.”

For more information on the Ayn Rand Center’s position on health care, please visit our Web site.

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Record Number of Students Enter the Ayn Rand Institute’s "Anthem" Essay Contest

Irvine, CA, July 16, 2009–More than 16,000 high school students, a record number, have entered the Ayn Rand Institute’s annual “Anthem” essay contest, which will award the winners a total of $14,000 in prizes.

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

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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What Obama Should Say To Iran

Protests in Iran continue despite the theocracy’s attempt to crush them. As Tehran launches its usual accusations of “American interference,” could it be that America hasn’t “interfered” enough?

Imagine what might happen—what potential benefit there could be to us and to Iran—if this speech were made by an American President.

“Good evening. I am here to address events of great significance to the American people. Over the past weeks, we have witnessed the murdering, beating and intimidation of Iranian protestors by a theocratic regime clenching its iron fist to retain power. I strongly condemn these unjust actions of the Iranian regime.

It is time for America to be unequivocal and to recognize its past errors. It is time for the United States to make it clear that it does not recognize the sovereignty of the Islamic Republic of Iran. Iran has not had a legitimate government worthy of our recognition for decades. The country has been ruled by a series of murdering clerics who seized power outside of any legitimate political means. They were not chosen through any representative process. They are dictators of the worst kind.

For decades, the Iranian regime has repeatedly declared itself an enemy of America, openly acting in violence against our citizens. We’ve known it since the clerics and their supporters took our embassy staff hostage in 1979. We’ve known it in the form of multiple Tehran-backed attacks on Americans since: 1983 in Beirut where we lost 241 people in a bombing; 1985 when TWA 847 was hijacked by Iranian-trained Hezbollah fighters and we lost a Navy diver; 1996 at the Khobar Towers in Saudi Arabia where we lost 19; the list goes on. We’ve heard their message: “Death to America.”

This is a regime that loudly calls for jihad on the West—for the violent imposition of sharia law—it calls for Islamic totalitarianism. It provides the intellectual leadership for the Islamist movement: training, financing, and otherwise encouraging a multitude of terrorist organizations—including those responsible for the September 11th attacks on our soil.  America has not forgotten that this regime orchestrated and participated in three decades of deadly assaults upon its people and is ultimately responsible for them. We have nothing to say to the Iranian regime—except that we will no longer repeat our grave errors of the past. We know what you stand for, and what threat you pose. But we do have much to say to the brave Iranians voicing their opposition to the Supreme leader, making it clear his regime does not represent them.

To those among you standing up in the face of threats; to those among you saying “We will continue to speak even if you, Supreme leader, claim that Allah forbids it”; to those among you deciding that it is time for freedom in Iran—we say: you have our encouragement, and our sanction.

To those among you protesting against more than the electoral results, who are wholesale rejecting the oppressive nature of theocratic rule—we offer you our moral and financial support. And if necessary, we will offer you military support to the best of our ability. You see, we share your goal of ending the Iranian theocracy and of eliminating the threat it poses to our own nation. We have had the moral right to end it for decades; you not only have that right, you have the moral fortitude.

To those few in Iran desperately seeking liberty: rejecting theocratic rule is critical, but what are you fighting for? Seize this opportunity to fight for a nation founded on principles that protect individual rights. As America once fought for its independence, so can you. Life, liberty, property and the pursuit of happiness: these are your inalienable rights. The time is now to fight to create a free nation upholding these principles.

It will not be easy. Our thoughts are with you as you face imminent danger and uncertainty. It will take courage and conviction. But to you, the true friend of freedom, we say: we are with you as you take your first important step towards real revolution. You have rejected the iron fist that smashes you down through religious rule. You have spoken. Stand firm, and we will stand with you.”

Unfortunately we will not hear this speech. Only a President acting on a foreign policy that properly defends the rights of its own citizens—a foreign policy of principled self-interest—would take this bold stand.

Let Bankruptcy Courts Take the Wheel

General Motors, having sucked up $9.4 billion of taxpayer cash since Christmas, now desperately craves the remaining $4 billion authorized by President Bush for disbursement in February.

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.

Ayn Rand Institute Now Offering Impact Newsletter Free on the Web

The Ayn Rand Institute is pleased to announce that its Impact newsletter is now available electronically to Web visitors. Beginning with the January 2009 issue, ARI’s Web site will now offer all of its Impact issues online as PDF documents.

Impact, which remains available in a print edition for ARI donors of $35 or more each year, delivers the latest news and progress reports on ARI’s programs, along with interviews of Objectivist intellectuals and monthly highlights of different aspects of Ayn Rand’s philosophy.

The new, free electronic format will serve as an excellent way of introducing newcomers to ARI’s goals and programs. Additionally, visitors may now view a three-part introductory video on ARI’s home page, which provides information about Ayn Rand, Objectivism, and the Ayn Rand Institute.

» View ARI’s Impact newsletter online

How to Stop the Next Madoff

Washington, D.C.–“Want to stop the next Madoff? Gut the SEC,” says Yaron Brook, executive director of the Ayn Rand Center for Individual Rights.

“Part of the reason Madoff’s misdeeds went undetected is that the Securities and Exchange Commission spends most of its time doing things the government has no business doing. The only legitimate job of a securities law enforcement division is to protect investors against the specific crimes of theft, fraud, and breach of contract.

“But the SEC plays a much different role. Its mandate is to attempt to make investing ‘safe’ by controlling every aspect of financial markets, from dictating the composition of mutual fund boards to mandating public release of executive compensation numbers that shareholders want kept private to determining when executives are allowed to sell stock–‘insider trade’–instead of leaving that to the discretion of a company’s owners.

“In pretending to guarantee to investors that their investments are sound, which is impossible, the SEC encourages the kind of blind group-think that characterized the Madoff investors. And with the SEC devoting itself to a sprawling array of elaborate witch-hunts, such as the ‘insider trading’ case against Mark Cuban, what time or attention does it have for real fraud?

“The answer–as is clear from the fact that a 29-point, 17-page report on Madoff, submitted in 1999, 2001, and 2005, entitled The World’s Largest Hedge Fund is a Fraud slipped through its cracks–is none.”

 

Obama’s Backward Economics

Washington, D.C.–“Barack Obama claims that Americans can only stave off economic disaster by trillions in government spending–which means trillions of dollars taxed or borrowed to finance government make-work programs,” said Yaron Brook, executive director of the Ayn Rand Center for Individual Rights.
 
“Obama-nomics couldn’t be more wrong.
 
“Prosperity requires that the government drastically cut government spending. That way, as much real capital as possible will remain in private hands, and be put to productive use by entrepreneurs to create valuable goods and services to sell at home and abroad. By taxing and inflating our wealth away, Obama will simply be creating more of the crushing debt that brought about the current crisis.”
 
“You don’t put out a fire with more gasoline. And you don’t end a recession by destroying capital.”

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