ATLAS SHRUGGED: SELFISHNESS AND THE ECONOMICS OF EXCHANGE

More than 50 years ago, Ayn Rand used her novel Atlas Shrugged to argue that big government, complex regulations, and a politically directed economy would lead to crony capitalism and corruption that would undermine entrepreneurship and prosperity. The lengthy book, more than 1000 pages, has sold more than 7 million copies. John Allison from BB&T bank discusses Rand’s concepts and how he has applied them. He believes that Rand’s ideas are about creating win-win relationships and “getting better together.” Allison explains that these principles helped him decide not to offer either subprime mortgages or loans for development of property acquired through eminent domain.
SEGMENT 3 / MECA DVD

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