Randroids on parade

RYAN: You know, it doesn't surprise me that sales of The Fountainhead and Atlas Shrugged have surged lately with the Obama administration coming in, because it's that kind of thinking, that kind of writing, that is sorely needed right now. And I think a lot of people would observe that we are living right in an Ayn Rand novel, metaphorically speaking.

But more to the point is this: The issue that is under assault, the attack on democratic capitalism, on individualism and freedom in America, is an attack on the moral foundation of America. And Ayn Rand, more than anyone else, did a fantastic job of explaining the morality of capitalism, the morality of individualism, and this to me is what matters most. It is not enough to say that President Obama's taxes are too big, the health-care plan doesn't work for this or that policy reason, it is the morality of what is occurring right now and how it offends the morality of individuals working toward their own free will, to produce, to achieve, to succeed, that is under attack. And it is that what I think Ayn Rand would be commenting on, and we need that kind of comment more and more than ever.

A central problem with the U.S. economy, he told me, is finding a way to get more people to look for solutions despite these terrible odds of success. Conard’s solution is simple. Society benefits if the successful risk takers get a lot of money. For proof, he looks to the market. At a nearby table we saw three young people with plaid shirts and floppy hair. For all we know, they may have been plotting the next generation’s Twitter, but Conard felt sure they were merely lounging on the sidelines. “What are they doing, sitting here, having a coffee at 2:30?” he asked. “I’m sure those guys are college-educated.”

Conard, who occasionally flashed a mean streak during our talks, started calling the group “art-history majors,” his derisive term for pretty much anyone who was lucky enough to be born with the talent and opportunity to join the risk-taking, innovation-hunting mechanism but who chose instead a less competitive life. In Conard’s mind, this includes, surprisingly, people like lawyers, who opt for stable professions that don’t maximize their wealth-creating potential. He said the only way to persuade these “art-history majors” to join the fiercely competitive economic mechanism is to tempt them with extraordinary payoffs.