(Reuters) – The institute promoting the “laissez-faire capitalism” of author Ayn Rand, who within the novels “Atlas Shrugged” and “The Fountainhead” presented her philosophy of “objectivism” to thousands and thousands of readers, became authorized for a Paycheck Security Program (PPP) mortgage of up to $1 million, per data launched Monday by the Trump administration.
The Ayn Rand Institute: The Heart for the Fashion of Objectivism in Santa Ana, California, sought to retain 35 jobs with the PPP funding, per the facts.
The institute advocates the Russian-American author’s philosophy and “applies its solutions to many points and events, in conjunction with ones Rand herself never mentioned,” per its web spot. It “specializes in areas that have a long-term multiplying impact on the course of our custom — particularly, education and policy debates,” the receive spot says.
The institute referred Reuters to a Might perchance presumably presumably presumably 15 article, wherein board member Harry Binswanger and senior fellow Onkar Ghate wrote that the group would take any reduction money equipped from the CARES Act. “We can take it unapologetically, on fable of the precept right here is: justice,” they wrote, adding that “the government has no wealth of its procure…. It can most effective redistribute the wealth of others.”
In Rand’s novels and works of nonfiction — which incorporated “The Virtue of Selfishness” and “Capitalism: The Unknown Very finest” — she expressed her belief in “rational self-hobby” and the operate of pursuing happiness as an individual’s best excellent procedure.
In a 1962 essay, Rand wrote of seventeenth century French businessmen: “They knew that government ‘support’ to industry is excellent as disastrous as government persecution, and that the easiest formulation a government may perchance well well additionally be of service to nationwide prosperity is by conserving its fingers off.”
Reporting by Helen Coster; Editing by Aurora Ellis
