Radical for Capitalism:An Introduction to the PoliticalThought of Ayn Rand
WilliamThomas
I. Rand’s Significance
The late twentieth century saw a resurgence in America of a strainof political thought variously called “libertarianism,” “classical liberal-ism,” and “market liberalism.” Like the liberalism of the nineteenth cen-tury, libertarianism envisions a government of limited scope and strictlydefined powers, consistently upholding rights to freedom of speech, free-dom of contract, and the right to own and use property. It critiques thewelfare state and economic regulation as both unjust and inefficient, andendorses laissez-faire capitalism as the economic system that maximizes justice, human well-being, and individual liberty.Libertarianism
per se
is not a dominant political movement inAmerica, but its themes have been sounded on both the Left and Right, insuch causes as concern for privacy rights, opposition to state-sponsoredracism, and economic deregulation. It is a perspective advanced today bynumerous scholars and advocacy organizations, including the Cato Insti-tute, the Foundation for Economic Education, and the American Enter- prise Institute.Although this renaissance is due to the work of several major andmany minor intellectuals, perhaps no single figure has been more influen-tial in promoting this view of human liberty than Ayn Rand.
1
Since the publication of her novel
The Fountainhead
in 1943, Rand’s works haveenjoyed perennially high sales and are widely cited by readers as a sourceof personal inspiration, appearing ubiquitously on lists of favorite novelsor books that the public rates most influential. In 1991, a survey by theLibrary of Congress and the Book of the Month Club found that Rand’s
Atlas Shrugged
was the second most common response from their sampleof readers to the question: “What book has most influenced your life?” (Asmight be expected, in first place, by far, was the Bible.) A popular memoir of the 1970s libertarian movement was aptly entitled “It Usually BeginswithAyn Rand.”
2
Beyond the arena of strictly libertarian thought, Randhas been a significant contributor to the turn in American culture toward placing individual self-fulfillment and self-esteem at the center of personaland policy concerns.Rand’s influence on American political thought comes not onlyfrom her dramatic advocacy of liberty and opposition to collectivism in