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Thursday, November 30, 2006 - 3:54amSanction this postReply
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Yes, right away we have to nod to the ones who are, so there is that.  But the question remains.  It is 50 years old, at least.  Even within the pages of Atlas, our heroes had to suffer businessmen who thought that some regulations are necessary, you can't go to extremes, and they were happy to work for the public good.  That last is the crux of the problem.

While it is useful to define money as a Crusoe Concept, the fact is that wealth is social.  We use money to trade with each other.  We get money by offering values to other people.

By definition, those who best get along well with others, who offer what other people want, who meet the most common needs benefit the most.  The richest are those who are most common.  They adhere to the common morality, endorse the common culture.  Rich people are successfully constrained by the society they dominate.

Obviously, there are exceptions.  The contradiction to all the "customer is right" malarky that dominates businesses run by managers is that no one asked for the invention of the television, the railroad, or smallpox vaccine.  Someone with vision and integrity created them and brought them forward -- and not all were successful.  Television, in fact, goes back to the 1890s or earlier, but as compelling as the idea was, the implementation was not commercially successful.  The histories of the computer and automobile industries offer many examples of brilliant ideas that went nowhere, or good companies that went under.  The marketplace is unforgiving.  In order to be successful, you have to give most people what they mostly seem to want.

There are exceptions to the exceptions.  Three new luxury airlines offer premium value for those willing to pay for it.  That is diametrically opposed to the consensus view that profitability comes from jamming the most people in the smallest spaces and then seeking bankruptcy protection and concessions from the labor unions. 

The managers of the suffering airlines are all successful, mainstream, middle of the road, popular, etc., etc., etc., and as their businesses fail, they nonetheless live well, specifically because they are, by definition, "normal" in and of the median, the mean, the mode, the norm.  People like that usually are not Objectivists.


Post 1

Saturday, December 2, 2006 - 3:25amSanction this postReply
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1.) I think the very beef of your argument would be best illustrated by rephrasing the title: "Why Fortune 50 Business Owners/Leaders are not Objectivists", or something to that effect.
Clearly, you've given the nod to the fact that there are surely some millionaires who are Objectivists - or at least implicit Objectivists. I would further nod to the fact that even the profile of the sort of millionaire described in your dissent, can still be Objectivists in other respects. Certainly, it would be logical to infer that a majority of self-made American millionaires have moral and ethical principles very consistent to Objectivism: selfishness, productiveness, pride and egoism. Which leads me to my next point... 

2.) Mr. Marotta writes:
The richest are those who are most common.  They adhere to the common morality, endorse the common culture.
I think you mean that the richest are those who sell to the most common. This naturally leads to greater profits, after all. According to my knowledge, the common folks are not rich, nor share similar moralities or ethics that rich people have. The most common are those in the "middle of the pack", and the least common are those in the extreme ends. Here is a visual aid:
 image
Wealth is an effect. Fundamentally, it is an effect of philosophical principles, moral convictions and ethical guidelines. To be situated in any given point on the scale of "normalcy", is an effect that constantly requires the cause of a certain philosophy, viz. ethics and morality. 
A critical analysis on the nature of philosophy which governs the behavior and conduct of the extremists will reveal fundamental differences between the philosophy that governs behavior of the average schmo. The fact that the wealthy is a minority, will lead to the logical inference that their morality differs from the common morality. 


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Sunday, December 2, 2007 - 7:56amSanction this postReply
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As a result of this thread and other comments, replies here led me to find out about Ed Snider (Edward M. Snider), Mark Cuban, and others.  This paragraph is from an article that I wrote for the Mich-Matist quarterly of the Michigan State Numismatic Society.  Not only did they run it wiith all of the illustrations I offered (gold coins, Victoria Secret moneycard, etc.) but added one of their own, a man choosing between a cross and a dollar sign.  I also wrote two different reviews of Atlas for my college newspapers[*], neither of which was published, but both of which had similar paragraphs citing these or other examples.

Among the people who have read – and claim to have benefited from – Atlas Shrugged are Steve Ditko, James Clavell, Angelina Jolie, Clarence Thomas, FedEx CEO Fred Smith, Dallas Mavericks owner Mark Cuban, Wikipedia’s Jimmy Wales, and the architect of America’s greatest era of prosperity, Alan Greenspan.

I mention this now because Time magazine for December 3, 2007, carried "10 Questions for... Mark Cuban."  To the question of gut instincts versus facts in decision making, Cuban was clear about it: facts.  "... Even gut instinct is based on facts.  It's like the book Blind: the Power of Thinking without Thinking -- whatever facts you've ingested over the years, that's what you use. When people say 'My gut tells me,' I ask, 'Why?' and then you [can] combine that with stats.  I'm always looking for an edge."

In this video (http://www.youtube.com/watch?v=jb88qt1XTsI) Ed Snider honors Ayn Rand and Atlas Shrugged.  Notice that he found out about Atlas from Peter O'Malley.  The O'Malley family owned the LA Dodgers.  (I remembered Walter O'Malley from my baseball cards as a kid.)  They had a unique way to run a club, a generation ahead of Tom Peters and the other gurus.  The "Dodgers Way" made the team a successful on the field and in the front office. 

 [*] All three reviews are online at Objectivist Living in one of the 50th Anniversary topics.


Post 3

Sunday, December 2, 2007 - 11:59amSanction this postReply
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All we have to do is wait for inflation to fix the problem. In the not too distant future, we'll all be millionaires ;)

Post 4

Tuesday, December 4, 2007 - 4:30pmSanction this postReply
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If you're a baseball fan and you haven't read "Moneyball" I highly recommend it.
http://www.amazon.com/Moneyball-Art-Winning-Unfair-Game/dp/0393324818/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1196814524&sr=1-1


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