Saturday, February 28, 2009

Atlas Shrugged with a Vengeance

Awkward government interventions in the markets, bailouts, wasteful spending, gigantic budget deficits, prospects of tax hikes, nationalizations... We all know they're bad for the economy, but they've been good for sales of at least one item: Ayn Rand's book "Atlas Shrugged," see the graph below (HT OrdemLivre.org). The magazine "The Economist" explains:
... According to data from TitleZ, a firm that tracks bestseller rankings on Amazon, an online retailer, the book’s 30-day average Amazon rank was 127 on February 21st, well above its average over the past two years of 542. On January 13th the book’s ranking was 33, briefly besting President Barack Obama’s popular tome, “The Audacity of Hope”. ...
Whenever governments intervene in the market, in short, readers rush to buy Rand’s book. Why? The reason is explained by the name of a recently formed group on Facebook, the world’s biggest social-networking site: “Read the news today? It’s like ‘Atlas Shrugged’ is happening in real life”. The group, and an expanding chorus of fretful bloggers, reckon that life is imitating art.

1 comment:

ENNYMAN said...

Just checking in. Are you an Ayn Rand fan? Have you read The Fountainhead? It was powerfully formative when I was young. And of course Anthem is a classic.
So, "Who is John Galt?"

Keep up the good work.
e.