By a Few Great Minds
In Ayn Rand’s Atlas Shrugged, Francisco d’Anconia tells Dagny Taggart, “You can’t have your cake and let your neighbor eat it, too.”
With this turn-of-phrase, one discovers a long running economic fallacy: the villains, as in relation to Rand’s work, want to “have” a bigger piece of the cake, whereas the heroes perceive society as a bakery to continually “make” endless amounts of said cake.
Milton Friedman, Nobel prize-winning economist, once stated, “Most economic fallacies derive--from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.”
The heroes take the world as wherein party one has a price at which he will sell and party two has a price at which he will buy and the price is set and the transaction made if and only if through this each benefits, yet neither will proceed if harm is to befall either.
The “looters,” however, live by a code that reflects the misconception;--they can only mentally grasp this world as the proverbial fixed pie, wherein “wealth [is] a static quantity--to be seized, begged, inherited, shared, looted, or obtained as a favor.”
Francisco expands on such logic, “That phrase about the evil of money… comes from a time when wealth was produced by the labor of slaves--slaves who repeated the motions once discovered by somebody’s mind and left unimproved for centuries.”
These were “centuries of stagnation and starvation”, in which looters through force, inheritance, and government bureaucracy, not producers, not traders, not entrepreneurs, stood as the exalted among men.
“Stagnation”--the very word helps the reasoning mind to pause and then take the leap into the internal workings of the looter’s. If money is a “static quantity,” then, the cake and the dividing of it, would be a somewhat reasonable motive for the actions and reactions to the consequences of the prior actions by the looter.
Yet, time and again, the looters and the moochers witness, such incidents, as Rand’s fictitious Twenty Century Motor Company, where money lays abandoned, because they “look upon money as the savages did before [them], and [they] wonder why the jungle is creeping back to the edge of [their] cities.”
As a torpid crowd comprised of looters and moochers at a wedding listens to Francisco explain that “Money is made possible only by the men who produce,” and that “Wealth is the product of man’s capacity to think,” one learns the value of ideas and the production by which these ideas are manifested in society.
When Francisco asks rhetorically, “Have you ever looked for the root of production,” he elaborates by drawing to the forefront of his audience’s minds that the electric generator was not “created by the muscular effort of unthinking brutes” and he even challenges them to attempt to grow “wheat without the knowledge left [them] by men who had to discover it for the first time.”
Francisco succinctly phrases, “Try to obtain your food by means of nothing but physical motions--and you'll learn that man’s mind is the root of all the goods produced and of all the wealth that has ever existed…”
However, in this present time of political correctness, none seems to be comfortable with stating the unquestionable: civilization presses forwards only by the very few great minds, not by the numerous strong backs.
These great minds with solely their “virtue of selfishness,” not their altruism, expand for us all the knowledge of the once tribal to the now celestial. On the mental coattails of these, ever we all ride into prosperity and betterment.
I hope this is a clearer understanding of a post or two I added a while back. This column was to run today, yet I cannot find it on the paper's website. I do not know to what reason it might not have been published. Unless for stylistic differences.