A debate with Dr. Yaron Brook of the Ayn Rand Institute and Dr. James Galbraith of University of Texas at Austin’s Inequality Project.
There’s a new campaign slogan among Democratic politicians: “Abolish Billionaires.” Nobody can honestly deserve a billion dollars, they claim, so they want to impose radical new taxes on the super-wealthy. Indeed, people are arguing that the very existence of billionaires is some kind of moral outrage.
Wealthy people are being blamed today for all the world’s problems. Yet all of those problems are actually the result of the very ideas being preached by the same leaders and intellectuals who want to “abolish” the billionaires.
But instead of vilifying and hating billionaires, we should be thanking them for improving all of our lives on a massive scale with the products they offer for voluntary trade on a free market.
As Ayn Rand argued in her novel Atlas Shrugged, if anyone deserves thanks on Thanksgiving, it’s those productive Atlases who carry the whole world on their shoulders.
Join Keith Lockitch as he argues that the real moral travesty is the campaign to abolish billionaires.
Cultural observers have often noted that Europe — and, more broadly, Western civilization — despite historically unprecedented success, is in danger of losing itself. But what exactly is being lost, and why? And what can be done about it?
In a recent panel discussion entitled “What Is Killing Western Civilization?,” Yaron Brook (chairman of the board of the Ayn Rand Institute) and Douglas Murray (author of The Strange Death of Europe: Immigration, Identity, Islam) met at the Institution of Mechanical Engineers lecture theatre in central London to discuss the future of Western civilization in the context of its own identity crisis and the growing trend of immigration to the West from those outside it — and, in some cases, hostile to it. The panel, moderated by Claire Fox (director and founder of Academy of Ideas), addressed such questions as:
- What is Western civilization?
- What is the nature of the crisis that the West faces?
- How should one think about immigration in today’s world?