The Journal ran a smug op ed piece today titled Capitalist Heroes, lauding Ayn Rand’s Atlas Shrugged, which was published 50 years ago.
The piece singles out Rand’s “moral defense of business and capitalism”, saying “she eloquently portrayed the spiritual heart of wealth creation.”
To Rand, it seems (I didn’t finish the book), being a capitalist is right up there with say painting or civil service, on moral grounds.
The Journal makes this point by quoting a character in Atlas (a music composer):
“Whether it’s a symphony or a coal mine, all work is an act of creating and comes from the same source: from an inviolate capacity to see through one’s own eyes. . . . That shining vision which they talk about as belonging to the authors of symphonies and novels — what do they think is the driving faculty of men who discovered how to use oil, how to run a mine, how to build an electric motor?”
So far, no issues: being an entrepreneur is a glorious, noble and very creative occupation.
But then things in the opinion piece get a bit stickier…
Rand and the piece’s author (David Kelley, founder of the Atlas Society), having claimed moral terra firma for capitalist pursuits (fair enough), advocate the unabashed pursuit of a very narrowly defined “self interest”:
“Her moral defense of the pursuit of self-interest, and her critique of self-sacrifice as a moral standard, is at the heart of the novel… Capitalism is inherently a system of individualism, a system that regards every individual as an end in himself. That includes the right to live for himself, a right that does not depend on benefits to others, not even the mutual benefits that occur in trade.”
This is where I get caught up.
Self interest can no longer be just about wealth creation; in fact, such a limiting definition has led to untold reckless behavior and is proving outright dangerous to our collective wellbeing.
Knowing what we know today, we cannot assume that our self-interest excludes the interest of others. We’re all part of a fragile, living, unavoidably inter-connected (and some would say beautiful) whole.
If we keep the blinders on and spoil the place, we will have no where to go. If we keep 60% of the world’s population living in poverty (less than $2/day), one day soon their disaffected vanguards will come knocking, hard.
So, we must expand the definition of “self-interest” to include access to good education, clean water, healthy food, effective health care, the rule of law, friendly neighbors, cultural heritage and natural splendor, for all.
Only then can we imagine, design and co-create a better life-affirming whole.
This is the mandate for enlightened, new-school capitalists. Clear as crispy Fall day in the Cape.