I just saw the preview for “Atlas Shrugged.” Now I’m understanding why Paul Ryan has been talking up the novel “Atlas Shrugged,” which is Ayn Rand’s version of the world if corporations were to take power.
Corporate power has long been the dream of many American corporations. And many corporations are in fact ethical and set higher standards for themselves than the government regulators would. Corporations need regulation, just the same way that individuals need laws.
Let’s be realistic about corporations. If the head of a corporation has a choice to take a large bonus or disperse the amount more evenly to some of his senior employees, which decision will he make? Obviously, he or she would try to put the money in her own pocket, even if he did not do all of the work necessary.