SOCIAL VOX

My thoughts on the world around me

Mike Wallace’s Interview with Ayn Rand

CBS’s Mike Wallace interviewed Ayn Rand, the author of Atlas Shrugged and The Fountainhead, in 1959. I found the interview utterly fascinating.

In Part One of the interview, she discusses the conflict between a society whose morality is based on faith and self-sacrifice for one’s fellow man (conventional thought) vs. morality founded solely on reason and selfishness (Rand’s objectivism):

In Part Two of the interview, Rand argues in favor of a separation between state and economics (laissez-faire government):

In Part Three of the interview, she contends that the only solution is a market free of government interference:

“I have no faith at all, I only hold convictions.” Wow, it takes guts to believe in a statement like that so firmly.

At a time when women did not have many prominent voices, Ayn Rand was a luminary and a courageous trailblazer.

With that said, I’m curious to know what she would have to say about the current economic recession. Fifty years ago, she called for absolute deregulation. Look at how well that’s turned out.

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January 29, 2009 Posted by | Art, Economics, Literature, Politics, TV | , , , , , , , , , , , , , | 3 Comments

What Obama’s Cuba Policy Ought to Be

In the ebb and flow of politics, change is the ultimate catalyst for achieving better government. As in the market, where demand for an old and unattractive product wanes, an unsuccessful political leader or policy, too, can lose favor. It is only a question of time before people realize that while one path may lead to stagnation, there is another that leads to possibility. When that time comes, the superior concept rises to the top.

In the 50 years since Fidel Castro came to power in Cuba, the United States has primarily advanced protectionist policies. On February 7, 1962, following the expropriation of numerous U.S.-owned properties in Cuba, President John F. Kennedy signed an executive order imposing a trade embargo on Castro’s government. In 1963, following the Cuban Missile Crisis, the first of many travel restrictions went into effect. Most recently, the Helms-Burton Act was enacted in 1996 to penalize foreign companies that do business in Cuba by preventing them from doing business in the U.S.

What effects have these measures had?

The Cuban people live in poverty. They have little or no access to our medicines, products and other essential items. They are silenced by a repressive government that long ago erased their freedom of expression. And yet, while Cubans feel disdain for their leaders, they are equally scornful of the U.S. The trade embargo has crippled their economic opportunities, and the travel ban has kept families apart for decades.

After 50 years and 10 U.S. presidents, isn’t it time for the U.S. to rethink its position? It may help to look at a successful model.

In technology, the Internet is a powerful tool because it is open to everyone. Its emphasis on collaboration and integration allows people from all over the world to freely exchange ideas and solve complex issues.  The Internet’s openness is a strategy that breaks down barriers, physical or not, and empowers the individual who wields its awesome power.

When applied to Cuba, the key to reforming the communist nation is to bombard it with access and information. The U.S. must allow U.S. citizens to travel into Cuba and ignite the flow of commerce. It ought to lift the trade embargo, so that Americans may benefit from the sugar and tobacco industries, and Cubans may have access to medicine, Hollywood, and apple pie. The U.S. also needs to assign a special envoy to Cuba who will oversee this transformation and assure the Cuban people that the U.S. views its neighbor’s success as a priority.

But as with the Internet, these political measures require collaboration. Once the U.S. changes its policies, it will be up to the Cuban people to act. We will provide the tools, but they will have to take the courageous steps toward democracy and capitalism. Will Cubans prefer a repressive government, or one that denies them nothing? Will they side with the local government that rations what little food they have, or follow the global economy that rewards innovation and hard work? Only they can decide that.

Communism erected walls throughout the island and in the people’s minds. We should tear them down as we once did in Berlin. If the U.S. infuses the island with hope, then there is the possibility that the inhabitants will once again dream of something larger than themselves.

After 50 years of stagnation, a different path seems very attractive.

January 27, 2009 Posted by | Barack Obama, Cuba, Economics, Foreign Policy, International Trade, Law, Obama's First 100 Days, Politics | , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 4 Comments

Israel, Watch Your Step

According to this NY Times article, Israel is facing a political quagmire: how far should it take this military campaign against Hamas?

Israel’s main concern is addressing the rockets being fired into southern Israel. So the question becomes: can the rockets be stopped for any length of time while Hamas remains in power? If not, then is the operation to remove Hamas entirely, at any cost?

In 2006, Israel was unable to defeat Hezbollah in southern Lebanon, and the terrorist organization was legitimized. Here, it seems that Israel is facing a very similar problem. Aluf Benn, a political analyst for Haaretz, contends that if the war ends in a draw, then Hamas will be legitimized and grow stronger.

Most people, including many Israelis, would prefer that a truce be brokered. Any potential truce would likely have to include an end to the economic boycott that Israel has imposed on Gaza. However, such a result would build up Hamas. If the boycott remains in place, though, 1.5 million Gazans will remain living in poverty.

The article goes on to say that Israel can only achieve victory if it were to once again occupy Gaza.

As several political insiders point out, though, removing Hamas would be unrealistic. Hamas won a democratic majority four years ago, and the group has 15,000-20,000 armed men.

What about the Fatah party? Couldn’t it just take the place of Hamas, as it once did? The article points out that Fatah is likely too disorganized to take over. Complicating this matter further, the longer Israel retains a military presence in Gaza, the weaker Fatah becomes. In the minds of Gazans, it would appear as though Fatah were collaborating with Israel.

Ultimately, the article notes that the destruction of Hamas’ infrastructure would likely result in chaos. With no influx of capital, and no political party to maintain order, Gazans won’t know which way is north.

If Israel’s goal is to reach a peaceful accord with its surrounding enemies, it had better calculate its moves very, very carefully.

January 3, 2009 Posted by | Economics, Law, Politics | , , , , , , , , , , , | 1 Comment

The New Global Financial Architecture – The Davos Debates

This video was submitted recently to the World Economic Forum in response to the economic question: Will the world economy be restored in 2009?

I like everything about this video. From a creativity standpoint, the cut out letters, music, and pace of the video are original and effective. As for substance, I like that the person addressed the question by presenting an economic game plan step by step. Judge for yourself:

Vodpod videos no longer available.

January 1, 2009 Posted by | Economics, Media, Politics | , , , | 1 Comment

World Economic Forum and YouTube: Make Your Voice Heard

World leaders and thinkers, from Bill Gates to Bono, will be attending the World Economic Forum in Davos, Switzerland on January 29, 2009. They will be meeting to address some of the key issues facing our planet: the economy, ethics, environment, and politics. The theme for the forum is “Shaping the Post-Crisis World.”

Through YouTube.com, you can submit a video weighing in on these contentious issues, and possibly win an opportunity to attend the forum in Davos:

Here are the FOUR questions you can respond to…

1. The Economy:

Want to see how others answered that question? Click HERE

2. Corporate Ethics:

Want to see how others answered that question? Click HERE

3. The Environment:

Want to see how others answered that question? Click HERE

4. Politics:

Want to see how others answered that question? Click HERE

This is our chance. Let’s make our voices heard.

December 31, 2008 Posted by | Economics, Education, Law, Politics | , , , , , , , | 1 Comment