Well, whose thinking do you think they should have promoted, exactly? And why do characters in a novel necessarily need to exactly reflect reality? I haven't run into any elves, dwarves, or immortal wizards, but that didn't stop me from enjoying Tolkien.
"The idea that unbridled self interest leads to the greatest good guided Greenspan's monetary policy and got us into this mess."
Really? How do artificially low interest rates translate into unbridled self interest?
2. Artificially low interest rates reflect Greenspan's belief that given enough liquidity, markets will be self correcting. He thought banks were in the best position to protect themselves from risk because they bear the greatest consequences of failure. (He has since admitted the failure of this belief.) Clearly they were not, as the low interest rates lead to further inflation of the credit bubble.
> There is certainly a lot to be said for enlightened self interest and personal freedom, but the absolutism of objectivism is just as wrong as communism.
But which concept is better? When you subscribe to an idea you do it for the practical idea of it. Communism says that you should put everybody in front of you, and do what everybody else thinks you should. (Or rather, subjectivism does, since that's the true opposite of Objectivism; Communism rather states that the community is more important than the individual, which is closer to subjectivism.) Objectivism says that you should rely on yourself to do what's right. The one is much healthier mentally, and that's a good sign.
The idea that unbridled self interest leads to the greatest good guided Greenspan's monetary policy and got us into this mess.
There is certainly a lot to be said for enlightened self interest and personal freedom, but the absolutism of objectivism is just as wrong as communism.