Jun
5
Feeling the Pinch, from East Sider
June 5, 2007 |
I am listening to Atlas Shrugged as an audiobook while I work. It dawned on me that Pinch is using the NY Times the way Francisco D'Anconia used his copper company. Both men inherited great wealth and a pivotal, unique business franchise, and both deliberately destroyed their patrimony to advance overtly destructive social and economic forces.
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Francisco D’Anconia is the wrong figure from “Atlas Shrugged” — he was destroying HIS patrimony to achieve (ultimately) POSITIVE social results: a return to a traditional, classical liberal, free market economy and society. The correct figures were the factory owners referenced at the beginning of the book, who wanted to turn capitalism into socialism. The Gray Lady’s controlling family are using their paper in the same way.