Defects in Ayn Rand's Theory
Ayn Rand and DemocracyAyn Rand gave a very different concept of freedom that usually runs against commonly held beliefs. Normally when we hear about the Federal Reserve in the United States we hear that it is a good organisation that regulates the banking system from going into a speculative spiral. But Rand says that it actually leads to financial crises by imposing useless regulations. Similarly, Rand says that the Food and Drug Administration hinders the well being and health of citizens instead of improving them as we usually believe! The same goes for the new deal or the civil rights act and so on. One would be amazed that an ideology that appears so extreme actually gained so much traction. The reason is that Ayn Rand gives some very valid criticisms of the duality of many people moralising on one side and the same people succumbing to the same 'selfishness' and 'indulgences' that they criticise. More practically she tried to answer the defects in the modern polity and decision-making system. She tried to find a solution to the situation where people who dominate society try to subjugate and enslave others through false moralising and imposing rigidity.
Democracy - solution to corruption and violence
Read part 2 'here'