Wednesday, July 21, 2010

Why "the public interest" is an immoral idea

"The public interest" is an immoral idea.

As Rand put it elsewhere: "Since there is no such entity as 'the public,' since the public is merely a number of individuals, the idea that 'the public interest' supersedes private interests and rights can have but one meaning: that the interests and rights of some individuals take precedence over the interests and rights of others. . ."

The lesson? Anytime anyone calls for economic policies to promote "the public interest," he's calling for evil — the sacrifice of individuals who've earned something to those who haven't.

What's the alternative to the tyranny of "the public interest"? Each individual's pursuit of his private interests — in Jefferson's words, the pursuit of happiness.

The result is a nonsacrificial society , in which government is stripped of the power to concoct schemes to promote "the public interest" and is solely focused on protecting each individual's rights, including his property rights. . .

Unless we recapture this quintessentially American spirit, this independent, individualistic ethic — and discover the words fully to name it, to understand it, to defend it and to implement it — we've no right to expect the freedom and progress that earlier Americans achieved.

This is one of timeless themes of "Atlas Shrugged."

Atlas Shrugged's Timeless Moral: Profit-Making Is Virtue, Not Vice

ATLAS SHRUGGED

Matthew 25:

14 For the kingdom of heaven is as a man travelling into a far country, who called his own servants, and delivered unto them his goods.

15 And unto one he gave five talents, to another two, and to another one; to every man according to his several ability; and straightway took his journey.

16 Then he that had received the five talents went and traded with the same, and made them other five talents.

17 And likewise he that had received two, he also gained other two.

18 But he that had received one went and digged in the earth, and hid his lord's money.

19 After a long time the lord of those servants cometh, and reckoneth with them.

20 And so he that had received five talents came and brought other five talents, saying, Lord, thou deliveredst unto me five talents: behold, I have gained beside them five talents more.

21 His lord said unto him, Well done, thou good and faithful servant: thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord.

22 He also that had received two talents came and said, Lord, thou deliveredst unto me two talents: behold, I have gained two other talents beside them.

23 His lord said unto him, Well done, good and faithful servant; thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord.

24 Then he which had received the one talent came and said, Lord, I knew thee that thou art an hard man, reaping where thou hast not sown, and gathering where thou hast not strawed:

25 And I was afraid, and went and hid thy talent in the earth: lo, there thou hast that is thine.

26 His lord answered and said unto him, Thou wicked and slothful servant, thou knewest that I reap where I sowed not, and gather where I have not strawed:

27 Thou oughtest therefore to have put my money to the exchangers, and then at my coming I should have received mine own with usury.

28 Take therefore the talent from him, and give it unto him which hath ten talents.

29 For unto every one that hath shall be given, and he shall have abundance: but from him that hath not shall be taken away even that which he hath.

30 And cast ye the unprofitable servant into outer darkness: there shall be weeping and gnashing of teeth.


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