"The 'Robber Barons'" by Ayn Rand
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- Опубликовано: 8 окт 2018
- Ayn Rand at Columbia University -- part 14: The "Robber Barons"
Course playlist: • Ayn Rand at Columbia U...
In this 1966 radio program, Ayn Rand argues that nineteenth-century industrialists were unjustly vilified by epithet "robber baron." Pointing out the need to distinguish between businessmen who get rich by production and voluntary trade, and those who get rich though government favoritism and legalized coercion; Rand observes that all the evils popularly ascribed to capitalism were actually caused by government interference in the economy. Her detailed historical analysis centers on transcontinental railroads, with discussions of coercive monopolies and the phenomenon of controls breeding more controls. She also argues that antitrust laws are non-objective and unjust.
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It is amazing how she just rattles this off without hesitation. What a mind she was.
I am so grateful for Ayn Rand, I love
her books, I listen to her archives, watched her on Donahue, via RUclips. I have been spreading her views on Objectivism as well as those of Rose and Milton Freidman. I learned the True history of the US qnd to a degree, Europe thanks to Ayn Rand. I've learned more from her than what I learned in high school.
Brilliant.
So much history here and situations explained. Government meddling. I knew there was something wrong trying to run a business, not knowing why and this interview cleared that up real quick .
55 years later and Government is still growing and larger with every emergency and threat. Don't know if we'll ever see a retraction of Government control.
Anti-life ideas have to balance themselves out with pro-life ideas. The evil needs the good like a parasite needs a host.
As coercion puts an end to more and more pro-life ideals we will either be forced to revolt, with better ideas in mind, or forfeit our ability to live altogether.
Government creates most of today's emergencies & threats to further increase its own power.
I have to say that she's so right. Been in business for over 40 years, and know that the gov, from when I started till today haven't changed in any ways of and from conducting business with the private sector.
I do remember of many instances that, when quoting for a Gov, city or region contract, the prices where much higher than for the private sector, I mean 75 to 150% higher.
That mentalities till today are, that the gov, have lots of funds, and in turn, the gov officials knew about it, and in most cases demanded a % cut, btw, was told to add the cut to the contract price.
Well, I can awnestly say that I had 1 contract from all the years of been in business, and was told from my comparator that I wasn't capable to figuring out the proper price, and from then I refused to deal with them.
WOW! The confusion of “free-markets” and making money by means of self productivity vs. making money with government help……WOW
I am very grateful that this was uploaded! I see James Jerome Hill in the thumbnail. 🙂🎩
Sounds right to me.
Does anyone know of any books which go into detail about the underlying government influence on specific "robber barons" across the history of the US? Not just concept formation, but actual facts detailing the interactions between businesses and government policy/intervention/favoritism and so on?
The Myth of the Robber Barons
Book by Burton W. Folsom Jr.
@@TyyylerDurden awesome thank you!
In her book Capitalism the unknown idea there are specific examples as well
Haven't read it, but a book by Gabriel Kolko called The Triumph Of Conservatism was written from a Marxist perspective, listing all the government favors to railroads.
Pretty quickly the Marxists realized that it proved the exact opposite of their case, and it was dropped by them only to be taken up as a classic by Public Choice economics.
@@Gorboduc Wow this is amazing actually. Thank you.
FYI ,
I am a capitalist , I do believe in free market with a gold back currency or a basket of hard Goods.
This ; My greatest accomplishment was bootstrapping three businesses that still make a profit and employ people today , end of story.
wait till u discover bitcoin ;)
Yeah, and i subscribe to whichever 'ism' or ideology that i want to define me and my desires tooo omg...Oh wait no, i wont just pick between afew morally bankrupt choices served up via cultural programming, i actually prefer to think for myself...
Limited government oh how we have erred.
I wonder if she read Lysander Spooner.
@moreperfectunion needs to see this, but he would probably consider it as a Bible thumper would consider a slightly frank discussion of sex, highly offensive!
24:10 It's amazing to me people use the Ayn Rand Institute recieving government funding as a gotcha when Rand said this decades before, I fail to see how this is hypocrisy
how do you know they have recieved funding?
@@danpenia219 Because they said they did
I see the statements by those people trying to smear the ARI for taking government money and Ms. Rand herself for taking social security. I myself believe that the Institute was not hypocritical in accepting the funds or Ms. Rand hypocritical for taking Social Security in her older age because we are compelled to pay into the government programs, whether we choose to or not, by being coerced into taxation we cannot opt out of by any means. Her money was taxed as is the money donated to the ARI in one form or another pre-donation or pre/post-tuition. If the money was unable to be taxed prior to distribution there would be a moral dilemma as then it would be indicative of the very things she was so vehemently against.
If the government allowed all institutions to be privately funded, sink or swim, there would be a Laissez- Faire educational system which would govern itself by its own merit, ergo if the institution cannot produce quality students then nobody will go there and it will disappear. Ms. Rand saw this as the way which all institutions should be run and managed in a true capitalist economy. Unfortunately, we allowed the government into all aspects of our economy and educational system by actually voting it in due to societal laziness and perceived injustices by the "moochers" and the grabbers who cannot or will not achieve their own merits and rewards, but believe they "deserve" the same things that the achievers and producers acquire by their superior merit and ingenuity. When the ARI took the funds, they subjected themselves to scrutiny and scorn by the pundits, but by funding the very system offering the subsidy, they received their own money back in return. Had the institute been exempt from any taxation or government interference, and they had taken subsidy they had not funded, then the institute would be a hypocritical paradox and it would deserve to be granted the same scorn as any other institute on the government dole. That is how I see it, and that is based on my understanding of objectivism.
you know the truth about the racket they were running Jacob would go in and build it all and government contracts and all that and go bankrupt and then his boys were by it up dirt cheap.it all worked great for him until Rockefellers grandson's cheated Jacob son out of a it still didn't bake truck the coxes. Jacob's great-grandson is currently worth 67 he's the wealthiest man that ever lived by a long long way and made his entire Fortune upon baby in the hardest-working man who's ever his name is Christian Cox and he's hard to find
Mostly true. Pretty sure it wasn't the govt who came up with the idea of product dumping, selling things at a loss to drive local competition out of business.
But it WAS govt who passed laws making it too hard for new competition to replace it.
If they competed fairly, we can have state owned enterprises in a laissez-faire capitalist economy.
Again, they just have to be made to compete fairly.
No
Right @@mikeb5372
SOEs LOOKED LIKE the governments only source of revenue under laissez-faire, so it APPEARED TO BE a good idea
But I was wrong
Since they won't, they can't.
Since this post, I’ve learned that a state owned enterprise or SOE by its very nature is unethical, whether or not it conducts itself fairly
If the state owns a restaurant to fund its initiatives, it is now competing with its citizens. It doesn’t matter if it does so fairly or not, it doesn’t matter if other restaurants are nearby. By consuming the resource of that opportunity, it’s subtracted from the nation it should be serving.
What if someone planned to start a restaurant in that region?
What if they have one already?
Government participating in private enterprise for ANY reason is in effect BETRAY its citizens interests. It is, especially under capitalism, an entity established by the people, to guard their human rights. The moment it steps outside of that, for whatever reason, it ceases being a guardian and starts being a dictator
Lies. They were given government monopolies. They were also granted corporate status and protection from the government.
Read Myth of the Robert Barons
@@AssaultSpeed I am not reading that. I had too much other books that I need to read.
@@The_Black_Anarchist You should drop those books and read that book and above all that read Ayn Randa book Capitalism The Unknown Ideal.
@@AssaultSpeed Are you going to tell me why I should read those books or should I just take the word of a complete stranger?
A. Rand is completely nurs!
I think I’m confused. She thinks robber barons are just brilliant captains of industry, but that anyone using government power to protect a monopoly is immoral?
So what, is this meant to be #notallrobberbarons ?
As far as I can tell, she is saying that monopolies can only form due to government interference in the marketplace. It does seem to me that building roads or railroads without the use of eminent domain would be impractical. All you would need to cause a project a massive detour is one landowner that refuses to sell or allow use of his property.
I've only somewhat recently started, but I have been listening to Ayn and her proponents a lot recently to get their perspective. Coupled with the other talks on this, she is saying that the idea that wealthy big business types are not evil inherently, and that to consider them all "robber barons" is a fallacy, but not an unearned one. The big tycoons we associate with that moniker were only able to achieve that level of "success" and exploitation through the intervention of government that actively kept competition away which created, supported and perpetuated their ability to be exploitive. The monopolies they held were not because they created the best solution that everyone wanted, but were created and held because government helped create them.
That leads me to believe that she didn't know what the term "robber baron" referred to? It's not necessarily a successful industrialist. It's a term specifically used to refer to the sort of people Rand refers to as "looters." Case in point, the term was applied to Vanderbilt, not when he built a shipping empire, but when he began using political cronies to obtain money from the government via subsidy. (His cronies created a government funded shipping industry, and would demand ever increasing subsidies from the government; one of their "costs of business" was bribing vanderbilt not to compete with them.)
Vanderbilt, just like Bill Gates, was forced by the government, legislators to support the bureaucrats or legislators, by controls or lawsuit, threat of controls, or subjective law.
@@SwingDancer61 Some people are smarter than you and can solve those problems. But they need freedom from you.
If these men were so great, why couldn’t they continue being so great when some sensible rules were involved? Why do “great” men fight against rules and regulations? Is something really free if there are no rules? If they really wanted competition they would invite rules. Anyone who espouses that the market should be more free is a product of what the ruling class actually invests in, all manners, all angles, of preventing new rules and destroying existing rules.
A completely rule free market? Let’s get rid of the “rule” that says someone can buy and own minerals or land. Lets “open up the market” so that whatever money a persons labor earns goes to the person, not the property class.
She is right about one thing, the “evils” being created by acts of government, just like right now, the government is owned by the property class.
If Ayn Rand's explanations in her many writings doesn't explain it to you then nothing and nobody will get it through to you
@mikeb5372 If you like getting the moral equivalent of syphilis, then just crack on with whatever this nonsense is
It's easy to be "objective" about things when those things haven't personally effected you in a negative way. Let Ayd Rand be the victim of some of these atrocities and see if she still maintains that it is justified because of "the greater good".. Her philosophy has holes in it because experience changes perspective.
She's from the Soviet Union and she doesn't know what happened to her family but believes they were more than likely killed or enslaved.
What you're suggesting is that if someone goes through a hardship in life, they shouldn't be reasonable or objective. That is pathetic.
@@AtlasofInfo - No, what I'm saying is, if she was the victim of robber barons would she still maintain that they were great industrialists who succeeded on sheer ability? If she maintained her philosophy I would be impressed but like I said, experience changes perspective.
@@AF-Twice She did maintain her philosophy and we are all victims of "Robber Barons" but she and many others are telling us that they're not who we think they are. They are the government and the people who use the government to quash competition.
@@AF-Twice what exactly do you mean by "to be a victim of Robber Barons"? Don't you know how did this stereotype occurred? A daughter of one of the Rockefeller's competitors published an article where she used this label.
Imagine telling someone who was not only around during the Soviet Revolution but also a female, to "be the victim of some of these atrocities." Lol