Showing posts with label Ayn Rand. Show all posts
Showing posts with label Ayn Rand. Show all posts

Monday, October 31, 2011

Awaken

One man awake,
Awakens another.
The second awakens
His next door brother.
The three awake can rouse a town
By turning
the whole place
Upside down

The many awake
Can cause such a fuss
It finally awakens the rest of us.
One man up,
With dawn in his eyes
Surely then
Multiplies

by Lawrence Tribble in the latter 1700s.

We are in America's third great awakening. The first begun by the Declaration of Independence led to the Revolutionary War. The second begun by the seceding Confederate States led to the freeing of the slaves and the securing of our union once again. The third begun by Ayn Rand's novel, Atlas Shrugged, is leading us to realize that we need to secure our identify as a nation of free men. This awakening is the shift from the collective to the individual as the ultimate source of moral authority and good in the world.


Thursday, September 8, 2011

JUDGMENT - The Missing Moral Principle

Who is the Ragnar Danneskjold* of our time? Who is calling the destroyers of value to account?

We live in a time of a giant sucking sound. The WEST is flushing itself down the toilet.

Why? It cannot pronounce moral judgment. When I say "it," I mean that the culture is in such a weakened state that a strong pronouncement of moral judgment to true matters up would be shouted down as unseemly. Given this state, the strong pronouncement will have to be yelled through a din of naysayers. Someone will hear it anyway. I promise you, I will hear it if it can be heard.

I dedicate this piece to Bosch Fawstin. He's fearless, especially in his fingering the contradictions and inhumanity of the Muslims, and I love him for that. I really liked his entry into the Twin Towers Goes Global contest. Maybe now they can get why people don't want the Ground Zero Mosque.

Along this line, I've been thinking of all the "brands" that are being diminished because the people who speak for and work to enhance those brands will not pronounce moral judgment against Obama who, highly associated with them, is taking them down with him.

Here's some: Democrats, Harvard, Columbia, Chicago, Illinois, Oprah, Unions, Blacks in general, and the USA. (The only one I care about supporting is the USA. The rest will have to earn my respect one man or institution at a time.)

Wouldn't it be something if a leader from Harvard came forward and said that he now sees, with Obama as its currently most famous product, the enormous cost of Affirmative Action? OR wouldn't if be astounding if a black leader came forward and said that it's time for blacks to stop acting like a "pack" that "goes along to get along" and call Obama to account for all of his violations of human freedom, the most precious of conditions for the people who knew and tell the stories of slavery? Wouldn't it be amazing if a Democrat denounced Obama for enacting policies destroying the economy stating that it is time to call him to account regardless that he is black? Or gosh, wouldn't it be something if someone would stand up for America and apologize to "the best within us" for "forgetting who we are," by letting Obama, our President, besmirch the ideal that quickens the beat of the human heart around the globe?

All of us are going to pay dearly for "going along" with Obama - the Con. Every brand associated with Obama will pay. Oprah has never been held as high as she was before she endorsed Obama. (It's interesting about Oprah. People loved her and were always talking about her when her program was geared to all people. Who is she now that Obama favors blacks over whites in instance after instance and she says nothing? Swiss cheese?)

Harvard and Columbia are being drug through the streets insofar as providing a solid education for real values. They are gaining the reputation of being an intellectual hot house that doesn't know what goes on in the real world.

Chicago and Illinois have been corrupt for a long time, but now they have taken on a real and dangerous quality that they didn't have before. Why? Obama thrived there.

America granted grace, which I don't think has been an entirely good thing since freedom is its own reward, to blacks because their ancestors were slaves. That's over. I called the grocery clerk to account where before I would have let her slide.

The thing that is so clearly missing in the public arena of our era is judgment. No one will pronounce it. No one will take action for a proper standard. No one in Congress is making a dent on the corruption that is overtaking our government. It is simply missing.

In the ever-present choice of wings or spine, we've chosen wings.


Where is the spine. It doesn't exist in this soupy, slurpy world of words. Just words - words that mean nothing except to have you think they do. For every statement coming out of Obama's mouth, we have a video or audio clip of him saying the opposite. Insanity reigns. Obama, the Con, spins more words tonight in his Jobs Speech. Words, just words. Except they are costing us not only our treasure, but our moral vitality.

Obama may paint a socialist utopia, but we all know that it shall not happen. Never has, never will. Why would it? No one gives a damn. And, no one does because the government won't allow it. Who can care when you are regulated from morning 'til night and this plague is spreading faster than we can get rid of it?

All will stop when someone with a voice that can be heard pronounces moral judgment - the judgment that gives one's moral vitality a bracing jolt!**

Who among us possesses THE VOICE THAT CAN BE HEARD? That is who we are waiting for.
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*Ragnar Danneskjold is a character in Ayn Rand's Atlas Shrugged. He was a pirate for justice. He calculated the amount a businessmen deserved from his production and trade, because he earned by trading value for value. Then he would attack ships which the government used to transfer wealth from America to People's States around the globe. (Sound like Obama?) When he got the wealth on board, he took it to a place where it was held in account for the producer of it. It became available to him when he chose to take his power back, go on strike and renounce being a sacrificial lamb.

**Ayn Rand is the only one in my lifetime that has done this. And she did it the hard way. She earned it.

Friday, November 20, 2009

The Lost People of America

I remember reading Ayn Rand and hearing lots of questions as to whether a person should find a Galt's Gulch or create one to live in. There were a series of questions of this type which are related to this line of inquiry: "Should one accept Social Security or should one go to a government school or accept money from the government in any way?" Later Rand was glad that Alan Greenspan, one of her proteges, had the opportunity to curb inflation and buy time by becoming the head of the Federal Reserve Bank.

She always advocated living in the world and achieving values in the world. And she always advocated living and advocating the values required of a moral man in full possession of his own life force for the purpose of maintaining his life for his own happiness. But, there was a line one must never cross: One must never advocate for the programs that the government offers nor in any way become captured by them or the government to the point where he advocates, actively or passively, the collective at the expense of the individual. That was the sealing of one's fate, the collapse of one's moral fire. At that point one loses himself and his right to exist as an individual human life. He becomes a vegetable in spirit - living, but not alive.

In the case of Alan Greenspan, we see that he did cross that line.

One of the shocking and disheartening results of this past horrendous year is to realize that many of those close to you or that you have known have crossed that line. They have submerged themselves into the great collective, the home of non-existence of the individual. The grand irony is that they expect you to take them, an individual, seriously and listen to them as if their individual opinion should count when they have given up that ground. If we are all to be folded into the collective, the reason for that is to erase individuality. If you notice, at bottom, that is the sum total of the thing that all of the people who advocate this socialization want to get rid of.

image by ukyo_freak

These traits and effects come with the territory of individual and individualism.

Happiness: There is no collective happiness. Happiness as a concept will have to go out of existence. This is too bad because for some of you, it will pass from the cultural conversation before you discovered what it was and that it was actually a wondrous possibility.
Pursuing one's dreams: There are no collective dreams/ambitions. Those are individual.
Merit: Bad. After all, everyone in the collective must have self-esteem as a right and it is not something one earns.
Motivation: There is no collective motivation. There is only the sum of individuals' motivations. The collective has to get rid of motivation and replace it with fear - the fear of not looking good which amounts to always looking like one is part of, at least in some way, the group.
Prosperity: There is no collective prosperity. You may be prosperous and your neighbor may not be prosperous. It depends on what you do and how you do it. The collective is always trying to stamp that out and redistribute the wealth so that those difference don't invite envy and hatred.
Differences: Differences always imply individuals and in the collective, those are bad. In the collective there is always pressure to belong and not stand out. One cannot excel or achieve lest someone else may want to do that and therefore threaten the cohesion of the collective.
Love: Love is always individual. Not important in the collective. Love gets replaced with duty. "Of course we love our country. We must."
Attraction: Attraction is always individual. Again, not important unless it is attraction to an abstract idea like the State or the greater good or feminism or diversity or anything group oriented.
Values: Values are the possession and the motivation of the individual. No good. Only the group's so-called values are the ones you can espouse - whether you give a damn about them or not.
Trade: This form of peaceful activity is something that comes when individuals are ends in themselves. That's no longer true under collectivism. Everyone is a means for the collective's ends. Peace has no meaning under collectivism which depends on the dynamics of drama and turmoil to generate sufficient fear to drive people wherever the leaders want them to be.
Capitalism: This is what freedom for the individual is insofar as a political/economic system is concerned. It is based on individual rights. This definitely is out, replaced by socialism, which operates by pro-collective, anti-individual rules which means by regulations, taxes, permissions of a zillion kinds and is the diametric opposite of freedom.

All of those kinds of things are what must be forever denigrated and diminished, sometimes even stamped out by force, if a society of people as a collective is to be maintained. In the collective there is a constant drumbeat against these values and attributes which arise only in the evil-by-nature individuals. Hmmmm, sounds like the biblical "original sin" idea.

A few days ago I highlighted one drum banger: US Representative John Lewis. Entitlement is the watchword of the collectivist. If you buy that, then you have submerged yourself into the collective - or as Neal Boortz calls it, "the great unwashed."

I see John Lewis as a profoundly evil man. He calls for every individual to become a dependent. "He is entitled to healthcare," he says. "It is his by right." Of course, now it is healthcare, but in principle, he is saying that every man is entitled to all that others produce. He is trying to drive the future slaves into the pen under the guise of it being morally justified for him to eat the flesh of his neighbor.

This is always the way. No one looks at the other side of the hand - the side that has to provide the benefits that the government and politicians plan to disburse or the diminished lives of those trapped by the dependency. The other side is the dark and ugly slave side of the hand.

Somebody has to go "pick that cotton and tote that bale" and guess what? It is going to be YOU. And it is not going to be you because of what YOU want. It is going to be YOU because of what THEY want. You might get a few scraps from the table, but that is just to keep you unable to rise up and speak. Whatever you would say has to look dumb and really beside the point. They keep a close eye on how much of what they disburse it takes to maintain this oppression.

History has taught us everything we need to know about how this works. The great result of the The Great Society was entrapment of those who became dependent on it. Generally, it literally ruined their lives. Once sucked in, they were stuck in the goo and their lives became about manipulating the goo. "You mean I can get more money if I don't have a husband? Jettison his ass. You mean I can get more money if I have more children? Let me get some more of them then."

This is the basic principle of socialism: "From each according to his ability, to each according to his need." Having viable needs becomes the name of the game.

It was never intended to work. It cannot work. It is against the laws of nature, specifically man's nature. And so, there has never been a more evil system devised to enslave men than socialism. And right now if you are a liberal, you are a backer and a believer in the principle that generates this horror.

This is the drumbeat that is being sounded by President Obama, Nancy Pelosi, Harry Reid, Jesse Jackson (notice how he uses race, another collective, to drive men into the pen), Al Sharpton and many, many more.

But the sharpest pain of this whole great division of mankind which is going on right now is when you see the people you love urging you and all those around you to go on into the pen. You see them submerging themselves into the great unwashed, losing their identify and their value except as another body that can work for the collective. "It's what you deserve," the lost people of America say. How can something be any sadder than that?

How have we come to this horrendous state of affairs in the lives of men? Why is it that the descendants of slaves are now advocating slavery? What is going on? Why is slavery suddenly, in 2009, looking to some like a good thing?

Slavery is the good? I never thought I would see the day. Talk about a disconnect. This is the greatest disconnect of human history. How can it happen that a country of free men, the richest country to have ever existed and able to provide a higher standard of living for all its people including its poor, suddenly throws itself back in time and into an abyss where there is no freedom? How is it possible that suddenly freedom looks like slavery and slavery looks like freedom? What is the cause of this greatest of all flip-flops?

Until this question gets answered, a Glenn Beck on every street corner will not be able to save us. It's as though we are zombies unable to respond and must go on into the pen. Why? How did we become so frozen, so deadened? How is it possible that the siren's call into the slave pen actually holds some allure?

This question shall be taken up in a future post.

image by Cotter158

Tuesday, June 30, 2009

Here We Go Again

[This written in 1943.]

“It is generally recognized that mankind has achieved, since its rise from savagery, a miraculous progress in the realm of its material culture – and none whatever in the realm of its ethics. Our homes are superior to the cave of the Neanderthal man, but our morals are no better than his – worse, if anything, for we do not have his excuse for ignorance. There is no act of inhumanity which he perpetrated and which we do not perpetrate, except that he did not possess our exquisite means of perpetrating it and he could never equal our present scale. In a recently published book (The Spirit of Enterprise by Edgard M. Queeny), the author – intent upon a hymn to human progress – spends five pages describing man’s material triumphs. Then he adds: “Our morals have come a long way too. The mere thought of a feast on a loose piece of human flesh, which to the Bushmen brings mouth-watering longing, is to us horrid and nauseating.” This is all he can offers, without equivocation, for ten thousand years of man’s spiritual growth. And even this claim is open to question, because cannibalism occurred in Soviet Russia in the famines of 1921 and 1933, and God only knows or can bear the sight of what is occurring in Europe now.

“Why has man displayed such magnificent capacity for progress in the material realm and yet remained stagnant on the level of savagery in his spiritual stature? This discrepancy has been recognized, decried, deplored denounced by everyone. It has never been explained. Countless explanations of evil and remedies for it have been offered through the centuries. None of them worked. None of them cured or explained anything.

“Yet that which mankind holds as its moral ideal has been known and accepted for centuries. The basic principle of men’s morality has not changed since the beginning of recorded history. Under their superficial differences of symbolism, ritual and metaphysical justification, all great ethical systems from the Orient up, all religions, all human schools of thought have held a single moral axiom; the idea of selflessness. That which proceeds from love of self is evil; that which proceeds from love of others is good. Self-sacrifice, self-denial and self-renunciation have ever been considered the essence of virtue. In no other matter has mankind held to such total unity, so completely and for so long. Altruism is the doctrine which holds that man must live for others and place others above self. Humanity has proclaimed its moral ideal unanimously. It has never been questioned. It has always been the ideal of altruism. [Later in this chapter, AR notes that the cultures of ancient Greece and capitalist America were at least partial exceptions to this rule. ed.]

“This ideal has never been reached. In spite of its statement and restatement, in every land, in every age, in every language, in spite of its professed acceptance by all, mankind’s history has not been a growing record of benevolence, justice and brother-love, but an accelerating progression of horror, cruelty, and shame. Baffled, men have accepted the explanation that man is essentially evil; man is weak and imperfect; he doesn’t want to do good. The noble ideal of altruism is never quite to be achieved, only approximated; man is immoral by nature.

“But look back at mankind’s record. Every major horror of history was perpetrated – not by reason of and in the name of that which men held as evil, that is , selfishness – but through, by, for and in the name of an altruistic purpose. The Inquisition. Religious wars. Civil wars. The French Revolution. The German Revolution. The Russian Revolution. No act of selfishness has ever equaled the carnages perpetrated by disciples of altruism. Nor has any egoist ever roused masses of fanatical followers by enjoining them to go out to fight for his personal gain. Every leader gathered men through the slogans of a selfless purpose, through the plea for this self-sacrifice to a high altruistic goal: the salvation of others’ souls, the spread of enlightenment, the common good of their state.

“It is said that self-seeking hypocrites used these virtuous sentiments to delude their followers and achieve personal ends. Doubtless, there have been such and a great many of them. But they never caused the bloody terrors caused by the purest 'idealists.' The worst butchers were the most sincere. Robespierre asked and wished nothing for himself. Lenin asked and wished nothing for himself. But the record of Attila is that of an amateur compared to theirs. At the apex of every great tragedy of mankind there stands the figure of an incorruptible altruist. Yet, after every disaster men have said: 'The ideal was right, but Robespierre was the wrong man to put it into practice,' (of Torquemada, or Cromwell, or Lenin, or Hitler, or Stalin) and have gone on to try it again. [Watch The Triumph of the Will and notice how sincere Hitler is when he expresses his ideal for all the German people. SCB]

“But what is one to think of creatures who are willing, century after century, to bear every form of agony, every kind of martyrdom, for the sake of that which they consider their moral ideal? Are they creatures devoid of moral instinct? Is not the determination to act according to one’s conception of right, no matter what the price, precisely the attribute of a high moral sense? Men have been robbed, enslaved, tortured, slaughtered in the name of altruism. They have accepted, forgiven, and borne it, because their ideal demanded it of them. The price they have paid in unspeakable suffering should have granted them, at least, a badge of virtue.

“But the nature of their ideal has robbed them even of this earned honor.

“A true premise, once accepted, leads to a greater truth and a clearer knowledge with each subsequent step deduced from it. A false premise leads to a greater falsehood and a blacker evil, until, followed to its ultimate conclusion, it brings total destruction, as it must. The spiritual tragedy of mankind has now reached this last step. The spectacle of horror which the world presents at this moment has never been equaled and cannot be surpassed. This is the end of the blind alley of men’s thinking. And there is no way out – save all the way back, to the beginning, to the first principle which permitted men to be led into this.

“The ideal of altruism has now taken its ultimate toll. We are the witnesses of its climax. We see mankind destroying itself before our eyes. We see the price it is paying. We glance back at its history and we see the prince it has paid. But we look on and say: 'This noble ideal is beyond human nature, because men are imperfect and evil.'

“Isn’t it time to stop and to question that noble ideal instead?”

[This was written by Ayn Rand, September 4, 1943, in the middle of WWII. The source for this excerpt is Journals of Ayn Rand. This writing was never published in this form during her lifetime. It became the basis of Atlas Shrugged and the final form of her philosophy. After the publishing of Atlas Shrugged, she worked to present her philosophy in non-fiction form and published many books and articles to that effect. Fifty two years after Atlas Shrugged published in 1957, people are looking for a new philosophical basis for human action and the organization of society. Many can see that the United States is now poised to be the last great country to topple into this same abyss.

Ayn Rand's ideas are no less true today. We are in the grip of a major call to this same destructive ideal carried out by his dictatorship in the form of Barack Obama. Socialism and dictatorship fail wherever tried. But it is not socialism per se that has his words live for people. It is this horrible, stinking moral ideal which has been spread through every institution and church. The attempt to achieve it will not achieve it.

But I don't think that Obama cares to achieve it. His actions belie his rhetoric. He does care to use what you erroneously consider the best within you to mold you to his power. This is how he keeps his motives invisible to the unquestioning masses.

It is the moral ideal that is false as an ideal. People are not inherently evil. They possess free will and choose whether to be right or wrong, good or evil.

A person who is called to make a difference for other people as his primary motivation for living in the world is called by this error. It is not the proper call to goodness. No.

You do that which you want your life to be comprised of, present the results of your work, and when someone wants what you have to offer, he will buy it and accept it – of his own free will. He doesn't have to accept YOU. You've done that already if your moral base is correct. But this motivation depends on what Rand later calls the Virtue of Selfishness.

America has a fairly strong grasp of rational self-interest, rational egoism. Dont' let that go.

To hell, I say, with the sonorous siren song of Barack Obama. SCB]

Sunday, July 27, 2008

Vitus



Vitus, a Swiss movie, hit the big screen in 2007. It won a Swiss film award that year.

I'd never heard of it. One website said upon release, its box office was $28,092; another said its US box office was $186,492.

It is about an intelligent child prodigy, Vitus, who is controlled when she realizes she has a real wunderkind on her hands. Her control goes too far and he decides he wants to be an ordinary kid. He uses his intelligence "being ordinary" to find his way to autonomy.

Spiritually, this is one of the best movies, among a very, very few, I have ever seen.

It is a heart warmer, but it goes far beyond that. A heart warmer may produce warm fuzzy feelings, but it doesn't produce the feeling of sheer joy and vitality that we all seek although we may have given up on it. A worked-for achievement does that. My spirit soared seeing this movie. In fact, I thought I would burst. My soul heard the music of its possibility. My mind was spinning.

Vitus is the healthy ego. He may go through rough times, but his spirit and intelligence is unable to bend to the dictates of society around him.

In Ayn Rand's Atlas Shrugged, she describes this feeling. "She sat listening to the music. It was a symphony of triumph. The notes flowed up, they spoke of rising and they were the rising itself, they were the essence and the form of upward motion, they seemed to embody every human act and thought that had ascent as its motive. It was a sunburst of sound, breaking out of hiding and spreading open. It had the freedom of release and the tension of purpose. It swept space clean, and left nothing but the joy of an unobstructed effort. Only a faint echo within the sounds spoke of that from which the music had escaped, but spoke in laughing astonishment at the discovery that there was no ugliness or pain, and there never had had to be. It was the song of an immense deliverance."

Yes, deliverance. I got it.

Sunday, March 30, 2008

From Moocher to Producer

I was exploring the internet this morning when I came across this quote from Atlas Shrugged. Thanks to Dirk for excerpting it on his blog: http://econoblog101.wordpress.com/2008/03/29/atlas-shrugged-text-excerpt-2/. It is from the paperback version, pg 662.

"He chuckled. 'Market? I now work for use, not for profit - my use, not the looter’s profit. Only those who add to my life, not those who devour it, are my market. Only those who produce, not those who consume, can ever be anybody’s market. I deal with the life-givers, not with the cannibals. If my oil takes less effort to produce, I ask less of the men to whom I trade it for the things I need. I add an extra span of time to their lives with every gallon of my oil that they burn. And since they’re men like me, they keep inventing faster ways to make the things they make - so every one of them grants me an added minute, hour or day with the bread I buy from them, with the clothes, the lumber, the metal' …"

The lens through which I look at life produced a clearer vision when I read this quote. How many times have I looked at my bank account thinking it was how I knew where I was in my mastery of life? Ellis Wyatt has been through all this and has gone on strike. He's now at a more fundamental value: use. He has now selected his market based on what is useful for him rather than being a slave to the market for what he can get. Who is his market? Those who produce. Those are the only ones that are safe and fruitful for him to deal with.

So, if there is to be a shift here, what would it be like if instead of the bank deciding it can loan you money based on your bank balance and your credit report, they loaned you money based on whether you can produce? Would they not upgrade their portfolio? And would they not do something to shift people's attitude if they win the lottery or come into an inheritance?

And what if instead of getting up in the morning and asking yourself what you are going to do that day, you ask yourself what you are going to produce that day?

And what if the political candidates appealed to production as a value rather than need as a value? What if their conversations and political speeches encouraged being a producer rather than being a moocher living off the State? Both Hillary and Obama slop around in the poor, downtrodden travails of life as if their political fortune is justified by people's need, rather like Mother Teresa's except they will use a gun instead of charity as their means of providing.

If a politician is in favor of a healthy society, his policies have to encourage production as a virtue and winnow people from "moochuction" as a virtue.

I've been given a piece of advice when times are slow: "Fill the pipeline." This means that depending on the actions one puts into gaining income, one will draw out income. This is true in one sense, but where I am left with this advice is that effort and action are a virtue and we all know that effort and action can also produce no results.

I like the idea of production as a virtue better because it focuses on the essence of the matter rather than something that is involved in it but not the heart of it. A further point is that it shifts one's orientation from materialism to objectivism - a view of life that is an integration of mind and body, not a split between mind and body. It does this by integrating effort with results which are not only material but spiritual. What pride there is in producing what one says he will produce and needs to produce to forward his life. But that is a whole other subject.

What will I produce today?

Friday, March 21, 2008

BB&T Foundation Gives $2M to Establish Chair at the University of Texas

BB&T Donates $2 Million for Ayn Rand Research At The University of Texas at Austin
March 20, 2008

AUSTIN, Texas — BB&T Corporation, one of the nation’s largest banks, has awarded $2 million to the Department of Philosophy at The University of Texas at Austin to establish the BB&T Chair for the Study of Objectivism.
Tara Smith, professor of philosophy, has been named the first holder of the chair. Over 10 years, the gift will support research on Ayn Rand’s philosophy of Objectivism, as well as conferences, workshops, guest lecturers, visiting scholars and research on the moral foundations of capitalism.

Smith spearheads Objectivism scholarship in the university’s philosophy department. She has published several articles on Rand's philosophy and the 2006 book, “Ayn Rand's Normative Ethics: The Virtuous Egoist” with Cambridge University Press. She holds the Anthem Foundation Fellowship for the Study of Objectivism and is organizing the interdisciplinary conference, “Objectivity in the Law,” April 4-5.

“Ayn Rand’s philosophy has been the subject of increasing academic interest in recent years, and this generous gift will allow us to deepen examination of her thought and engage leading scholars in other fields, such as law,” the Rand scholar said. “It’s an exhilarating opportunity and a testament to BB&T’s recognition of the vital importance of philosophy in people’s lives.”

Rand, a Russian-born American philosopher and novelist, is best known for her magnum opus, “Atlas Shrugged.” A joint survey conducted by the Library of Congress and the Book of the Month Club found that “Atlas Shrugged” is the second most influential book for Americans today, after the Bible. According to the Ayn Rand Institute, an estimated 20 million copies of her books have been sold.

“We believe that ideas matter. In this context, BB&T is trying to encourage a thorough and fair discussion of Rand’s philosophy and the moral foundations of capitalism on university campuses,” said BB&T Chief Executive Officer John Allison. “We are pleased to support the philosophy department's important work in the study of Objectivism at The University of Texas at Austin.”

BB&T Corp., headquartered in Winston-Salem, N.C., is a financial holding company with $132.6 billion in assets. With more than 29,000 employees, its bank subsidiaries operate more than 1,500 branch offices in 11 states and Washington, D.C.

For more information, contact: Jennifer McAndrew, College of Liberal Arts, 512-232-4730; Tara Smith, professor of philosophy, 512-374-0532.
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Here's another article from the Winston-Salem Journal.

Friday, March 21, 2008

AUSTIN, Texas - The BB&T Charitable Foundation said yesterday that it has given $2 million to the philosophy department at the University of Texas at Austin to establish the BB&T chair for the study of objectivism.

Tara Smith, a philosophy professor, has been named the first holder of the chair. The BB&T donation, over 10 years, will support research on author Ayn Rand’s philosophy of objectivism, as well as conferences, and guest lecturers on the moral foundations of capitalism.

BB&T, through its charitable foundation, has made similar $1 million-plus gifts that support programs in the moral foundations of capitalism to Appalachian State University
Duke University
N.C. State University
UNC Chapel Hill
UNC Charlotte
UNC Greensboro
UNC Wilmington.
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With this kind of support universities will begin to appreciate the proper moral basis of capitalism. It was recent news that Marshall University of Huntington, WV received a million dollar grant to teach a course on the moral basis of capitalism using Ayn Rand's Atlas Shrugged. Clemson Universisty has also received a grant for setting up the BB&T Center for Economic Education and Policy Studies. One of its aims is to study the ethics of markets and capitalism. They have a summer program where an in depth study of Atlas Shrugged is taught. Principlex