Glenn Beck - Road to Socialism: Yaron Brook, Ayn Rand Center

Glenn Beck discusses Ayn Rand, Atlas Shrugged and Socialism in America with Yaron Brook the Executive Director for the Ayn Rand Center. 2/17/09

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• ayn
• rand
• atlas
• shrugged
• socialism
• yaron
• brook
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[regelemihai]

@leotube39

Funny, because socialism and crony capitalism is exactly what created the Real estate bubble, and the subsequent recession. Maybe you don't know what socialism entails.

[indiajesuslovesyou]

If you take away incentives for the productive people of America and take away their fruits and give it to the unproductive then you end up with a level playing field that everybody is flat broke! The playing field is even in a cemetary but everybody is dead! This social agenda of Obama is leading to a dead economy! If you play Robin Hood too long you finally end up with no more rich to rob from? Engel's and Mark's was tried for 70 years in Russia! It does not work! Wake-up America! James Sasse

[regelemihai]

...away excess liquidity to the banks; i.e., the proverbial carrots. Had all of these factors not been a part of the picture, the crisis would've been relegated to the realm of fiction. Gov. giving incentives to private banks to act recklessly is what spurred the the inevitable collapse. To identify these measures as being a part of classical liberalism is simply false.

[regelemihai]

"ld obviously not have been an issue if lending regulations were stricter"

House republicans tried to pass regulations on them(both GOVERNMENT enterprises), and were derailed by democrats like Barney Frank and senator Dodd. And yes, their very existance was the problem. When two government corporations assure banks a steadily increasing flow of cash, and an insurance on future losses, you get more risk taking, and leveraging. That and, as I said before, the role the Fed played in giving...

[1tephania]

@regelemihai

Fannie and Freddie Mac would obviously not have been an issue if lending regulations were stricter, and banks were required to reduce their leverage. Both cases in which free-for-all deregulation did not work.

Granted, it's a matter of wise policy choices, which sometimes mean more or less regulation. But the behaviour of the American finance industry in the last few years clearly indicated a need for more sticks than carrots.

[regelemihai]

...rates for 3-4 years.

To chalk it up to to "deregulation" is about as simplistic and idiotic as it gets. In order to understand the phenomenon, one must study the full scope of the crisis. It's easy to throw around popular political slurs; any moron can do it. We need to be better than that.

[regelemihai]

"Socialism my arse - Fannie and Freddie Mac were only a small part of the problem."

I'd like to hear how an ever increasing government is in line with neo-liberalism philosophy, but on the face of it your claim is utter nonsense. The biggest buyers and seller of subprime mortgages were Fannie and Freddie. Close to half of all the mortagages issued were bought by them. It's silliness at bets to claim they had a minor role. The other main factor was the Fed furnishing credit at exhorbitant...

[1tephania]

@indiajesuslovesyou

Funnily enough, Obama continued the Bush-era tax cuts for millionaires and extended the payroll tax cut over the Republican opposition - what social agenda?

You are a fucking moron.

[1tephania]

@regelemihai

Are you dumb? The world has been going at a full neo-liberalism throttle for the past 30 years until the real estate bubble blew up. Socialism my arse - Fannie and Freddie Mac were only a small part of the problem. Ask the unregulated Wall Street bankers on why the recent crisis happened.

[prschuster]

I'm really scared now. I'm gonna get my flashlight and look for bolsheviks under my bed.

[kropotkinbeard1]

Rand predicted nothing. Pursuit of her depraved philosophy is precisely what has led to the problems we have now. A LACK of democracy has been the problem. THe people leaving the economy are the parasites who sucked the money out of it and ruined it. They did nothing. They should have 90% taken to put back into the system.