LR Podcast S2E7: Collectivist Debt

  • How did we get to the point of passing trillions of dollars in new spending while already $28T in debt? The $6T for “infrastructure” and new entitlements the President is proposing, just for the next budget, would be a nuclear inflation bomb. In addition to that, he wants to commit America to trillions in international aid over the next few years. In her book, The Virtue of Selfishness, Ayn Rand explains how leaders with a collectivist mindset can justify such lusty sums for pet projects and public largess even though we are experiencing record inflation partly due to previous enormous spending. It comes from altruism, paired with a neurotic lack of self-esteem in a leader or among lawmakers that fuels the need for ever more spending on “the public good”. It is based upon the need to feel good, rather than actually doing good. The cost to the individual is not weighed in this calculation, as the collective is more concerned with its benefit and that of its leadership than that of any individual, save that of the decision-maker him or herself.

Rand explained the motivations of such people playing fast and loose with the wealth of others:

“Humility and presumptuousness are always two sides of the same premise, and always share the task of filling the space vacated by self-esteem in a collectivized mentality. The man who is willing to serve as the means to the ends of others, will necessarily regard others as the means to his ends. The more neurotic he is or the more conscientious in the practice of altruism (and these two aspects of his psychology will act reciprocally to reinforce each other), the more he will tend to devise schemes ‘for the good of mankind’ or of ‘society’ or of ‘the public’ or of ‘future generations’ —or of anything except actual human beings.”

  • What’s with fully vaxxed people still wearing masks in stores?  Who are they doing it for and based on what information?

To listen to the podcast, click here.

Thanks!

J.P. Mac

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