Tag Archive 'John Galt'

Chicago Tea Party

ChrisB on Feb 19 2009 | Filed under: Chris' Page, Domestic Politics, Economics, Investing, housing, regulation, taxes

Rick Santelli just went off on Obama’s housing proposal live on CNBC from the commodities trading floor in Chicago.

It’s now the headline on Drudge:

VIDEO: ‘The government is promoting bad behavior… do we really want to subsidize the losers’ mortgages… This is America! How many of you people want to pay for your neighbor’s mortgage? President Obama are you listening? How about we all stop paying our mortgage! It’s a moral hazard’… MORE…

TRADERS REVOLT: CNBC HOST CALLS FOR NEW ‘TEA PARTY’; CHICAGO FLOOR MOCKS OBAMA PLAN

Who is John Galt?

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Against Galt

Lee on Oct 30 2008 | Filed under: Books, Culture, Lee's Page, Libertarianism

Synova wrote a little post that gets halfway to where I would come down on this perennial parlor game of  the John Galt general strike. Sy recognized that to be successful, such a revolt would realistically be a miserable experience for a society, resulting in bloodshed and economic ruin. But she does not depart from Rand in assuming that the eventual outcome would be desirable. I’d advise the ancient wisdom that if the means are clearly evil in a political project, one should become immediately skeptical of the alleged justice of the ends.

We should also be skeptical of the social assumption for Galt, that there is a definable and rigid division among men into a minority of Platonic creative guardians, and an empowered majority of proletarian oppressors and their craven political servants — and that these factions could have accurate self-recognition of their social roles. I would contend that anyone who thinks of the majority of the people as disposable abstracted parasites, under a constitutional order that explicitly derives its governing powers from the majority consent of the governed, is never selling you anything that’s going to arrive in a happy place.

(more…)

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Going John Galt… quietly.

Synova on Oct 30 2008 | Filed under: Domestic Politics, Economics, Hugo Chavez, Libertarianism, Synova's Page

The idea of “Going John Galt” makes me a little bit uncomfortable, to tell the truth.    John Galt essentially said screw them all, and shut down knowing that a whole lot of people would be hurt.    It was about the only way he could make his point and make it stick.

Maybe we could do this without shutting down the economy?

But, as I think about it, a protest citing John Galt and out and out telling people what is going on might be a good idea, because people are going to go John Galt… quietly.

And I have no faith at all that anyone who now thinks that it’s a good thing to make the rich pay are going to understand what happened any more than Chavez or Mugabe understand what happened (or is happening) to their economies.

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