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How will we know we've reached the Atlas Shrugged tipping point.?

We've had bridges collapse, trains trapped inside tunnels, crumbling infrastructure, bank failures continue, high unemployment continues, and the government is passing legislation and regulations (CO2 regulation) that will make the creation of new jobs difficult. We have a few small fry going John Galt. Scientist corrupted by government funded research (climate gate). Its all out of the pages of Atlas Shrugged, its like watching a slow motion train wreck. You know what's going to happen but can't stop it.

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  • 1 decade ago
    Favorite Answer

    The train wreck continues because the folks in Congress allow it to continue. This road to Socialism and Marxism will destroy the great American dream. Employment cannot improve when BIG government continues to attack small business with increased taxes and a national health care system that punishes the small business owner. Cap and Tax will continue to take money out of the free enterprise system. We can solve the unemployment in this country if we took BIG government out of destroying our job base. We need to vote out every incumbent in Congress - bar none.

    This is not the change America wanted - it continues and actually has accelerated the failure of our government system. We need to wake up and realize that Obama wants to change our democratic republic to a socialist democracy. Every socialist democracy in history has failed. We will too.

    The Obama Administration will continue to fail because it continues to the follow the following processes as did its predecessors.

    Crowding out - Crowding out occurs when the government expands its borrowing more to finance increased expenditure or tax cuts in excess of revenue crowding out private sector investment by way of higher interest rates. Government spending is also said to crowd out private spending (Shaghil Ahmed, “Temporary and Permanent Government Spending in an Open Economy,” Journal of Monetary Economics, Vol. 17, No. 2 (March 1986), pp. 197–224).

    Logrolling - The process by which legislators trade votes

    Pork barrel spending - The tendency by legislators to encourage government spending in their own constituencies, whether or not it is efficient or even useful. Senior legislators, with greater status and ability to "bring home the bacon", may be reelected for this reason, even if their policy views are at odds with their constituency.

    Rational ignorance - because there are monetary and time costs associated with gathering information, and the benefits to doing so is limited, voters will not necessarily obtain all of the information necessary to make an informed decision on a subject on which they may nonetheless cast a vote. This is true of both legislators and private citizens.

    Rent seeking - The tendency by interest groups to lobby for laws and regulations that provide them a guaranteed benefit (rent). There are three main classes of rent-seekers: legislators, administrators, and regulated entities. Legislators will try to change laws to ensure their continued incumbency, such as gerrymandering. Administrators (bureaucrats) may seek to advance their power and budget authority. Regulated entities may seek to obtain barriers to entry or other special provisions of the law that reduce competition, increase subsidization, or both.

    Short time horizons - The tendency to fixate on short term fixes and to ignore large, complex problems. This may be driven to the election cycle. Licensing and permits - High costs of obtaining a license or permit from government to practice an activity beneficial to society, such as practicing medicine or starting a business, can reduce the availability of certain goods and services.

    Taxes - high taxes can reduce, halt, or reverse economic expansion

    Subsidies - government subsidies provided to particular businesses or industries.

    Source(s): See, for example, "Political cycles in nontraditional settings: theory and evidence from the case of Mexico", Grier and Grier, JLE vol. XLIII (April 2000), p. 239.
  • Anonymous
    5 years ago

    I read all of her books as a sophomore in high-school. I wound up reading Atlas Shrugged three times - except for the really dull speeches she has her characters say from time to time. She presents a very convincing world to someone who oesn't have much experience of their own to reference. I liked her books a lot: her characters always got to throw women down and take them, very intriguing for a skinny fifteen-year old with no experience whatsoever. There were no children in her world, no sickness, no compromise. She didn't address the problems of life or the mystery. I think that she could have been a great writer, but she stopped seeking for the truth and settled for the 'glory' and 'meaning' of making money. That she fit in with Conservatism in America is no surprise. That they couldn't read or understand her books is no surprise either.

  • 1 decade ago

    The more you read from Ayn Rand the more you realize she was a woman way ahead of her time, and the truth she wrote about becomes more and more self evident. I don't know how you stop it, and I only wish I could tell you and myself when the tipping point will occur but you know that it will.

  • ?
    Lv 7
    1 decade ago

    Us Americans here, are finally on the right track and catching up with the rest of the civilized world.

    Source(s): Lawyer
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