Karl Marx, Ayn Rand, and Barbara Eden

A few days ago, while catching up on the sections of the Boston Sunday Globe I hadn’t read yet, I was impressed with a book review written by Michael Washburn, who has high praise for Love and Capital: Karl and Jenny Marx and the Birth of a Revolution, by Mary Gabriel. Washburn starts by saying…

With history or politics, ignorance is often the precondition of certainty. The less someone comprehends the world’s complexity, the more certain they are of their anemic ideas. Our current economic shambles has created a depressing amount of such lightless bluster. Each action the increasingly impotent Obama administration takes, or fails to take, is met by Tea Party denunciations of “socialism” or “Marxism.”

… and he ends with this equally biting comment.

Small-minded folks who assume that balancing a checkbook gives them insight into global financial systems will surely read Marx’s weak character as evidence that all of his ideas are fraudulent, if they bother to read the book at all.

Washburn’s blog has this video that offers an excellent and entertaining explanation of the big, sweeping changes in the world economy over the past 30+ years.

Like Karl Marx, Ayn Rand’s personal life was a mess, and in some ways it contradicted her political philosophy. Netflix Watch Instantly has Ayn Rand: In Her Own Words. I assume the producers of the documentary are adherents of Rand’s Objectivist ideas, but for myself the film validates my opinion that Rand was a romantic who couldn’t resist the lure of Hollywood, where she combined her hatred of the Soviets and Communism with her unshakable schoolgirl fantasy of the perfect man. Barbara Eden, of all people, has a telling anecdote about Ayn Rand. They both had lived, albeit years apart, in a Hollywood dormitory for women called the Studio Club:

In my day, over a hundred girls lived at the Studio Club. Each of us paid fourteen dollars a week for a room, a telephone answering service, a cleaner twice a week, and two meals a day (generally breakfast and dinner, because no one had time for lunch), at which we all ate home-style food served on a buffet in a large dining room where we could all meet and gossip. Ayn Rand, author of The Fountainhead, was one of the Studio Club’s earliest residents. Like many of us, she was so poor that she couldn’t afford to pay her rent, so a charitable benefactor donated fifty dollars. But instead of using the donation to pay her rent, Ayn promptly went out and splurged on a set of black lingerie.

Leigh, Wendy; Eden, Barbara (2011-04-05). Jeannie Out of the Bottle (Kindle Locations 595-604). Crown Archetype. Kindle Edition.

I am not John Galt

The two topics on today’s On Point with Tom Ashbrook on WBUR/Boston provide a brilliant contrast of Capitalist idealism vs. realism. The first hour was about Ayn Rand

[audio:http://audio.wbur.org/storage/2011/04/onpoint_0427_1.mp3|titles=On Point WBUR – Ayn Rand]

… and the second hour was about Bernie Madoff.

[audio:http://audio.wbur.org/storage/2011/04/onpoint_0427_2.mp3|titles=On Point WBUR – Bernie Madoff]