Most of what Rand has to say about economics and politics is complete bunk. The idea that we should not restrict the wealthy classes in their endeavours strikes me as the fast forward button on the decline of Western Civilization. Altruism and empathy are the qualities that will save our civilization, their antithesis, aka much of what Rand proposes, will not. Alter.net has a great article about Rand and what it is doing to our societies, I reproduce the section dealing with corporations and what they are actually mandated to do, as opposed to what they do now.
“Ayn Rand envisioned a world without governments – a world where the super-rich are free to do as they wish.
We tried that during the so-called Gilded Age of the late 19th Century – before Ayn Rand was alive. If she’d watched the ruthlessness of the Robber Barons like she did the Bolsheviks, she may have reached different conclusions.
She may have realized that American Presidents like Teddy Roosevelt, Franklin Roosevelt, and Dwight Eisenhower were right when they made sure that wealth was more evenly distributed and the Billionaire Class was held in check.
Or she may have come to understand that corporations and billionaires owe their wealth to the state and not the other way around. Without favorable patent and copyright laws, a court system, an educated workforce, and an infrastructure to move goods about the country, then no one would be able to get rich in America. We’d be like the Libertarian paradise of Somalia.
As Harry Moser, the founder of the Reshoring Initiative, argued in The Economist, “Corporations are not created by the shareholders or the management. Rather they are created by the state. They are granted important privileges by the state (limited liability, eternal life, etc). They are granted these privileges because the state expects them to do something beneficial for the society that makes the grant. They may well provide benefits to other societies, but their main purpose is to provide benefits to the societies (not to the shareholders, not to management, but to the societies) that create them.”