aynrand.org/impact Volume 19, Number 7, July 2013 ARI Participates $268,000 Raised at Chicago in Foreign Policy Revolution Dinner

Discussions n May 9 ARI awareness of Ayn O hosted its second Rand’s ideas in the lan Journo, ARI fellow annual Atlas Shrugged Chicago area. Eand director of policy Revolution dinner in Prizes were also research, recently partici- Chicago. Held at the awarded to winners pated in three panel discus- Ritz-Carlton Hotel, the of the Chicagoland sions on issues involved in event raised $268,000 Atlas Shrugged essay foreign policy. to advance ARI’s contest that was held In April Mr. Journo mission. last year. This contest spoke alongside Daniel “We are deeply judged a subset of Pipes of the Middle East appreciative for the the essays submitted Forum and Larry Greenfield support we received in to ARI’s worldwide of the Claremont Institute at an event titled Chicago, both financial Atlas Shrugged essay “Islamists Rising in the Middle East: Where and spiritual,” said contest last year. Next for America.” The panelists discussed the , ARI’s executive director. “It’s the Essays authored by students in Illinois, Indiana trends that have emerged in the wake of the so- fuel we need,” he continued, “to maintain and and Wisconsin were considered. The contest was called Arab Spring movement, how the United expand our various educational and advocacy sponsored by Dash Financial of Chicago. States should approach these changes and the efforts at ARI.” An auction of memorabilia and status of amid a sea of hostile states. More than ninety people attended the Chicago other items was also held at the event. Proceeds Mr. Journo argued for the need to reorient event and heard keynote remarks by Ken Moelis, from the auction totaled $52,000, an amount that American foreign policy in the region toward founder and CEO of Moelis and Company. Mr. was then generously matched by members of the a new conception of the national interest, one Moelis spoke movingly of the role Ayn Rand’s ARI Chicago Chapter board of directors. predicated on rational egoism. novels and ideas played in his career successes. The remaining funds raised at the event were The event, held at the University of Cali- Also on the program a result of table sponsorships and fornia-Davis, was hosted by a club on campus, were Connor Jeffers of Loyola the purchase of individual tickets. the Ayn Rand Society. A local Fox network University Chicago, who spoke Join us at Atlas sponsors ($50,000) included affiliate recorded the event. about the support ARI has The St. Regis Dmitry Balyasny of Balyasny In June Mr. Journo was invited to speak at provided him as a high school Asset Management LP (who a conference organized by the American Free- and college student; Lauren sponsored two tables) and Tim dom Alliance in Los Angeles. The event, titled Kulig, a high school teacher Blum of HSA Commercial, Inc. “Europe’s Last Stand? Debt, Demography, and in Chicago, who expressed Scott Schweighauser of Chicago the Abandonment of National Sovereignty,” the value ARI’s educational contributed at the Event sponsor featured an array of commentators, including programs, such as the Free level ($25,000). Geert Wilders, leader of the Party for Freedom Books to Teachers and essay ATLAS SHRUGGED REVOLUTION See the graphic, at left, for in the Netherlands, and noted author George contest programs, offer her New York information about ARI’s next Gilder. students; and Dr. Brook, who September 26, 2013 fundraising event—the fifth Mr. Journo participated in two panel dis- outlined ARI’s plan to develop More information will soon be available at annual Atlas Shrugged Revolution cussions at the event. In one he discussed the targeted initiatives to spread events.aynrand.org. dinner in New York City. importance of understanding the character of the Islamist movement and of upholding free- dom of speech as an absolute. In another he commented on the collectivist nature of anti- Taking the Message to Capitol Hill Semitism and some of the reasons this attitude persists today.

RI regularly hosts educational briefings for Capitol Hill staffers on A issues related to the morality of capitalism. “The theme we are try- Yaron Brook Meets with ing to stress this year,” says Yaron Brook, ARI’s executive director, “is that the principle of individual rights should guide policy.” Interns in DC The purpose of these briefings is not to shape legislation but to achieve an important educational goal. Congressional staffers often go on to become the next generation of political thought leaders, either by taking political office, working at think tanks or entering journalism. Through these briefings, we introduce congressional aides and assistants to Ayn Rand’s moral principles, we indicate how to apply those ideas to current issues and we stress the real-world impact of approaching policy issues from the framework of Rand’s philosophic thought. The following briefings have taken place so far this year:

• “What Does a Pro-Individual Rights Immigration Policy Look Like?”—Yaron Brook, June 20

On June 21 ARI hosted a luncheon for summer interns from various free • “Post-Arab Spring: What Is the Basis for a Proper Foreign Policy?”—Elan Journo, ARI fellow and market think tanks and advocacy groups in the DC area, including the director of policy research, May 30 Cato Institute, Freedomworks, Institute for Humane Studies, Institute for • “Is Regulation Moral?”—Eric Daniels, research assistant professor at Clemson University, April 25 Justice and the Koch Institute. ARI’s executive director, Yaron Brook, engaged in a spirited discussion about the morality of capitalism with the • “Why Is Antitrust Targeting America’s Best Companies?”—Thomas Bowden, ARI analyst, March 28 forty-eight attendees. • “How to Promote Individual Rights and Win the Sequester Debate”—Yaron Brook, February 28 Ayn Rand’s Work on Display at Nation’s Largest Book Fair

What One Can Do principles to concrete problems, to recognize the In this section, Impact highlights writings from principles in specific issues, to demonstrate them, Ayn Rand’s corpus for fans who wish to learn and to advocate a consistent course of action. This more about her philosophy, . does not require omniscience or omnipotence; it is the subconscious expectation of automatic yn Rand’s ideas have changed the lives of omniscience in oneself and in others that defeats A millions—and have inspired many readers many would-be crusaders (and serves as an excuse to try to change the culture. In her essay “What for doing nothing). What is required is honesty— Can One Do?” (reprinted in Philosophy: Who intellectual honesty, which consists in knowing ARI’s booth at the book fair Needs It), Ayn Rand gave her answer to the ques- what one does know, constantly expanding one’s tion of what an individual can do to help create a knowledge, and never evading or failing to correct or more than a decade, ARI has hosted a rational culture. a contradiction. This means: the development of Fbooth at the annual Los Angeles Times “If you are seriously interested in fighting an active mind as a permanent attribute.” Festival of Books, a weekend-long event dur- for a better world,” Ayn Rand writes, “begin by Once one understands one’s own position, ing which booksellers, publishers and cultural identifying the nature of the problem. The battle Miss Rand continues, one’s means of having a organizations can display and sell their books is primarily intellectual (philosophical), not politi- positive influence on the culture consists of one to the public. This year’s festival was held cal. Politics is the last consequence, the practical simple but crucial action. “[W]hen you ask ‘What April 20–21 at the University of Southern implementation, of the fundamental (metaphysi- can one do?’—the answer is ‘SPEAK’ (provided ’s campus in Los Angeles and drew cal-epistemological-ethical) ideas that dominate a you know what you are saying). more than 150,000 visitors. given nation’s culture. You cannot fight or change “A few suggestions: do not wait for a national Anu Seppala, ARI director of cultural the consequences without fighting and chang- audience. Speak on any scale open to you, large or outreach, commented, “It was wonderful to ing the cause; nor can you attempt any practical small—to your friends, your associates, your pro- be able to connect one-on-one with Ayn Rand implementation without knowing what you want fessional organizations, or any legitimate public fans and hear their stories about how they to implement.” forum. You can never tell when your words will first discovered her, their reaction to her ideas To fight an intellectual battle, Rand held, reach the right mind at the right time. You will see and the lifelong inspiration she has provided requires waging an educational campaign. But to no immediate results—but it is of such activities to so many.” do that, one must first make sure one understands that public opinion is made. ARI’s booth was stacked with copies of the ideas one seeks to advocate. “If you want “Do not pass up a chance to express your Ayn Rand’s novels and nonfiction works, to influence a country’s intellectual trend,” she views on important issues. Write letters to the available for purchase at discounted prices. writes, “the first step is to bring order to your own editors of newspapers and magazines, to TV and In addition to selling books, ARI staff ideas and integrate them into a consistent case, to radio commentators and, above all, to your Con- members discussed with visitors Ayn Rand’s the best of your knowledge and ability. This does gressmen (who depend on their constituents). If ideas, their application to issues in the culture not mean memorizing and reciting slogans and your letters are brief and rational (rather than inco- and the many educational opportunities ARI principles, Objectivist or otherwise: knowledge herently emotional), they will have more influence has available for students. necessarily includes the ability to apply abstract than you suspect.”

Celebrating Anthem’s 75th Anniversary

his year marks the seventy-fifth anni- awarded $2,000. T versary of the publication of Ayn Rand’s novella, Anthem. Throughout the year, Online Course The Anthem course on ARI Impact will mark this important milestone Campus allows students anywhere in the with a series of articles and features. In this world to learn about the ideas in the book, installment, Impact highlights some of the test their knowledge and discuss the ideas ways ARI encourages readership of the book with fellow students. The interactive video and expands understanding of the ideas in it. course is taught by ARI fellow Keith Lock- itch. Books for Teachers As part of ARI’s Free ARI Campus (campus.aynrand.org) is our Books to Teachers program, ARI provides free e-learning center dedicated to the study classroom sets of Anthem to educators of Ayn Rand’s life, novels and ideas. interested in teaching the books to their students. ARI has distributed 1.6 million Scholarship Some ARI staff members con- copies of Anthem through this program. tributed articles to Essays on Ayn Rand’s Says one teacher: “I teach Anthem every “An t h e m,” a collection of essays edited by year with my AP Language and Composition Robert Mayhew and intended to expand students. It leads to very interesting conversa- scholarly understanding of Anthem. Jeff Brit- tions about vs. collectivism and ting, archives curator; , senior dystopian literature; the style of writing is an fellow and vice president of Intellectual Lead- excellent way to gauge their thinking skills at ership; and Richard E. Ralston, publishing the beginning of the year. I would never have manager, contributed to the collection. been able to teach this book if it were not for Lexington Books, the publisher of the col- your program.” lection, will release an updated version of the ARI also offers teachers the opportunity book later this year to mark the seventy-fifth to schedule Q&A sessions for their students anniversary of Anthem. This new edition will with ARI staff. Conducted via Skype, these feature a preface marking the occasion and sessions allow students to learn about will be available as an e-book. Ayn Rand’s novels from ARI instructors. Social Media To increase awareness and dis- Essay Contest This year marks the twen- cussion of Anthem, every Friday ARI posts on tieth anniversary of the Anthem essay con- its Ayn Rand Facebook page—which reaches test. The contest, open to eighth-, ninth- and more than 650,000 people weekly—quotes, tenth-graders, requires students to write on fun facts, images and discussion questions the novel’s themes. The top essay each year is related to the book. 2 Discussing the Morality of Capitalism with Professors Two New Podcasts

n May ARI staff participated in the annual to incorporate capitalism into the business man- Published BB&T Moral Foundations of Capitalism Con- agement curriculum. The session presented the I RI recently posted two ference at Clemson University. The three-day results of a recent strategy workshop hosted by new episodes of Eye to conference was hosted by the Clemson Insti- ARI that focused on the issue [see last month’s A Eye: An tute for the Study of Capitalism, and the nearly issue of Impact]. The panelists discussed the Podcast, an interview show eighty attendees comprised university profes- key ideas, methodology and tactics that were dealing with issues related to sors and staff of free market organizations. identified for furthering the teaching of Rand in public policy, including sci- “The conference is an annual gathering business and management schools, the obstacles ence and environmentalism, primarily for academics in BB&T-supported to doing so and the potential for adapting these health care, economic policy, the law and foreign programs,” commented Debi Ghate, ARI vice approaches to other fields. policy. Episodes can be heard on ARI’s blog, president of Education and Research and a pan- In another general session, ARI executive Voices for Reason, and are also available on iTunes. elist at the conference. She continued, “These director Yaron Brook was paired with two phi- In one episode, Amanda Maxham, a research programs study the moral foundations of capi- losophy professors, Andrew J. Cohen and Bas associate at ARI, sits down with Richard Tren, a talism and their relevance to various fields, such van der Vossen, in a panel examining the school leading advocate for the use of DDT in malaria as economics. Professors come to the confer- of thought known as “bleeding heart libertari- control, to discuss the enormous benefits of this ence to engage in serious discussions and to anism.” The panel considered, among other pesticide and the environmentalist opposition it has share their scholarship. issues, what this school of thought stands for, long faced. Among the issues Mr. Tren discusses “Ayn Rand’s perspective is one of the views variation among the thinkers who subscribe to in the episode: studied in these programs; Atlas Shrugged is it and whether these views are consistent with often used as a textbook in undergraduate or what capitalism’s defense requires. The stimu- • The safety of DDT business school classes, and Rand’s ideas have lating discussion was collegial and clearly indi- • The role of DDT in the eradication of been a regular topic. About half of this year’s cated the different perspectives of the panelists. malaria in the United States sessions discussed Rand’s ideas in some capac- The Anthem Foundation for Objectivist • The problem of disappearing honey bees ity.” Scholarship, a nonprofit organization separate • The banning of DDT in the United States, Two of those sessions featured ARI speak- from ARI that supports scholarship based on and the consequences for the rest of the ers. Ms. Ghate, along with two business pro- Objectivism and the teaching of Rand’s books world fessors, Marshall Schminke and Page West, in universities, also exhibited its programs at participated in a plenary session panel on how the conference. In another podcast episode, Elan Journo, fel- low and director of policy research at ARI, inter- views Efraim Karsh, principal research fellow of the Middle East Forum, about a particular aspect Recent Op-Eds of the Arab-Israel conflict—the Palestinian refugee crisis. Among the issues Dr. Karsh discusses in the elow, three opinion articles from ARI to let Apple retail their products at those pre- episode: B writers, commenting on policy issues of ferred prices. the day. Be sure to check them out and share Under the Sherman Act of 1890, govern- • The status of Palestinian refugees, more than with others. ment lawyers charged Apple with acting as the sixty years later “ringmaster” in a “price-fixing conspiracy” • Palestinians, Arabs and Jewish settlers in Why Delivering Beer Isn’t Easy that imposed “restraint of trade.” Sounds bad, Israel June 11, 2013, Topix.com right? The terms evoke images of criminal- • The 1947–48 war in Israel Doug Altner, ARI analyst ity and physical coercion. But contrary to the • Yasser Arafat and regimes hostile to Israel bit.ly/altnerbeer law’s pejorative language, Apple was simply trying to make profits through voluntary, win/ Be sure to check out these episodes (blog The Forgotten Man of the Minimum-Wage win transactions with publishers and readers. .aynrandcenter.org/topics/podcast) and subscribe Debate Was the economic wisdom of this strategy to Eye to Eye on iTunes. June 19, 2013, DailyCaller.com foreordained? Not at all. If antitrust authori- Doug Altner ties had not intervened (fining the publish- bit.ly/altnerminwage ers a total of $170 million and voiding their agreements), the market would have decided ARI Cohosts Second Why Is Apple Inc. on Trial? For Good whether Apple’s e-book program succeeded Student Conference on Behavior, It Turns Out or failed. As Jobs himself said in an email, June 20, 2013, Forbes.com “Heck, Amazon is selling these books at $9.99, Morality of Capitalism Thomas A. Bowden, ARI analyst and who knows maybe they are right and we bit.ly/bowdenapple (reprinted below) will fail even at $12.99.” RI and the Foundation for Economic Edu- Apple’s pursuit of growth and profits in the A cation teamed up on June 1 for the second Apple Inc., #1 on For- e-book industry deserved admiration, not legal installment of their Morality of Capitalism Student tune magazine’s list of the persecution. Another “most admired” com- Conference—a free, day-long event for college World’s Most Admired pany, Google, is also known for offering prod- students interested in exploring the moral founda- Companies, is currently on ucts that people really like—and it, too, wears tions of capitalism. trial in Manhattan federal an antitrust target on its back these days. The first conference took place last October court, defending against Over the past fifteen years, Google’s leg- at ARI’s Irvine, California, office. Following the antitrust charges. Question: endary search engine has attracted users en success of that event, the June conference was How many other businesses masse, leaving competitors like Bing and organized in Atlanta, where FEE is headquartered. in Fortune’s top ten have Yahoo! in the dust. Leveraging that popular- As in Irvine, the Atlanta event provided an oppor- been recently subjected to ity, Google chose to display its own services tunity for students to engage with leading free some kind of antitrust enforcement? Answer: (like Google Maps, Shopping, and Travel) more market thinkers, participate in lectures and dis- all of them. prominently than results for its competitors. So cussions and network with other like-minded Surely, some would say, if the nation’s top what? Every businessman in America under- young people. companies are getting caught in antitrust’s grip stands that you paint your own company’s name In addition, attendees received free books with clockwork regularity, they must be doing on the side of your truck, not your rival’s name. and materials about ARI’s and FEE’s student pro- something wrong. But what if they’re not? While Google’s ingenuity keeps birthing grams. The books available included Ayn Rand’s What if America’s best companies are being products that engage the 21st-century imagina- Atlas Shrugged, Capitalism: The Unknown Ideal targeted not for bad behavior but for good? tion, vague and elastic antitrust laws empower and The Virtue of Selfishness; Yaron Brook and What if they’re being punished not for their regulators, here and in Europe, to demonize ’s Free Market Revolution: How sins but for their virtues? It’s hard to imagine, Google’s business practices as “unfair” compe- Ayn Rand’s Ideas Can End Big Government; but consider the evidence. tition. By means of grinding, years-long inves- Henry Hazlitt’s Economics in One Lesson; and Here are key facts underlying the Depart- tigations coupled with threats of massive fines, Frederic Bastiat’s The Law. ment of Justice case against Apple: In late government agencies have recently forced The day began with a panel discussion, titled 2009, Steve Jobs was ready to launch the Google to modify business practices that “Taking Ideas Seriously.” The discussion gave new iPad and wanted to offer an e-bookstore, sought nothing but enhanced profits through students the chance to hear from panelists what similar to Apple’s highly successful iTunes voluntary transactions. an intellectual career entails. Panelists included: and App Stores. Jobs was confident that read- Antitrust has always worked this way. Go Yaron Brook, executive director of ARI; Art ers would value the iPad’s easy and colorful back to the late 1990s, when Microsoft was Carden, an economics professor at Samford Uni- interface enough to pay $13-$15 per e-book, riding high on the phenomenal success of its versity; and Carl Oberg, executive director of FEE. price levels that the nation’s largest publishers Windows operating system. By adding a web The session was moderated by Jeff Scialabba, eagerly sought. Five of those publishers agreed continued on page 4 continued on page 4 3 TM Recent Media Appearances

RI intellectuals regularly speak to the media about how Ayn Rand’s timeless ideas clarify issues Aof the day. Visit ARC-TV.com to keep up with ARI’s media appearances. Here is a selection. • June 28: Doug Altner on Liberty Express Radio’s Butler on Business (“Ethanol in Gasoline”) • June 25: Yaron Brook on Liberty Express Radio’s The Dan Cofall Show (“Objectivism”) • June 21: Elan Journo on Liberty Express Radio’s The Dan Cofall Show (“US Talks with Taliban”) • June 20: Rituparna Basu on Liberty Express Radio’s Butler on Business (“Obamacare Raising Costs for Employers”) • June 14: Doug Altner on WINA’s The Schilling Show (“Delivering Beer Isn’t Easy”) • June 13: Doug Altner on Liberty Express Radio’s Butler on Business (“Delivering Beer Isn’t Easy”) • June 12: Yaron Brook on TalkStreamLive’s The Tammy Bruce Show (“Ethics”) • June 10: Yaron Brook on RT’s Prime Interest (“Apple’s Antitrust Case”) • June 7: Yaron Brook on Life By Design (“Objectivism in Health”) • June 6: Thomas Bowden on Liberty Express Radio’s Butler on Business (“Antitrust Case against Apple”) • June 4: Yaron Brook on BlogTalkRadio’s Southern Sense (“Defending the Republic”)

Recent Op-Eds, continued from page 3 flung economy in its tentacles. After years of litigation and unsuccessful appeals, culminat- browser (Internet Explorer) to every copy of ing in a finding that Microsoft had violated the Windows, Microsoft offered customers more Sherman Act, the company lost whatever inno- value for the same price, leaving purchas- vative edge it had and sank into doldrums from ers free to adopt competing browsers if they which it has yet to recover. chose. By any rational business standard, Precisely what are the bad acts for which Microsoft was pursuing a growth-oriented America’s best companies—Apple, Google, strategy whose success or failure should have Microsoft, and hundreds of others—are pun- been determined on a free market. ished by antitrust laws? If you look closely, you’ll find they’re not bad acts at all. On the contrary, they belong in the same category as all the other growth-oriented, profit-driven Every businessman in America strategies by which start-up firms survive, understands that you paint your own small firms become large, and large firms rise company’s name on the side of your to new heights, flooding our economy with ARI Cohosts Second Student life-enhancing goods and services. truck, not your rival’s name. The scandalous truth is that antitrust laws Conference on Morality of Capitalism, continued from page 3 penalize America’s best companies for their virtues, for business practices that generate academic programs manager at ARI. But under the Sherman Act, the Department growth and profit through voluntary trade. Several talks followed the panel discussion. of Justice had the power to charge Microsoft Such practices deserve legal protection, not Lawrence W. Reed, president of FEE, spoke to with “monopolization” and “tying” offenses. prohibition. Antitrust stands exposed as some- students about principles of sound public policy. The very words evoke scary 19th-century thing quite vicious: a legal regime that pun- Dr. Carden discussed the economics of capital- images of a bug-eyed octopus gripping a far- ishes good behavior. ism. Onkar Ghate, ARI senior fellow and vice president of Intellectual Leadership, joined the conference via Skype to discuss the morality of freedom. Dr. Brook closed out the day’s offerings by discussing his new book with students. Want to help spread rational ideas? The day ended with an evening social at a Share ARI’s writings and videos on Facebook, Twitter and other social media sites! nearby restaurant. More than thirty students attended the event, facebook.com/ARInstitute from the opening panel to the close, and the num- /AynRandCenter ber of attendees swelled to more than fifty in the /AynRandInstitute afternoon, when students from another undergrad- /AtlasShrugged uate seminar on liberty, which was taking place in the same building, joined the event. /TheFountainhead twitter.com/ARInstitute /AnthemBook /AynRandCenter /WetheLivingBook Impact is published monthly by the Ayn Rand® Institute (ARI) and is /100Voices complimentary to current donors who contribute $35 or more per year. /ObjectivistConferences For information on how you can support ARI and to learn about our projects, please visit our website: aynrand.org. Atlantis Legacy®, the Institute’s planned giving program, and related indicia are registered trademarks. The Ayn Rand Center for Individual Rights (ARC) is the public policy and outreach division of the Ayn Rand Institute. youtube.com/AynRandInstitute Objectivist Conferences (OCON) and the Ayn Rand Institute eStore are owned and operated by the Ayn Rand Institute. The Ayn Rand Institute does not necessarily endorse the content of the lectures and courses offered. All photos of Ayn Rand are used by permission of . Purchases from the ARI eStore and OCON do not qualify as tax-deductible contributions to the Ayn Rand Institute. Editor: Rituparna Basu Editorial Advisers: Yaron Brook, Mark Chapman, Jeri Eagan, of the enclosed envelope or email your request to Julie Ferguson, Debi Ghate, Elan Journo, Duane Knight, Impact by Email [email protected]. Anu Seppala, Lin Zinser Designer: Simon Federman In place of the print edition, ARI donors may opt Printing: David Antonacci Copy Editor: Donna Montrezza to receive Impact by email each month. The email Headquarters: 2121 Alton Parkway, Suite 250 edition saves ARI $30 annually per donor on printing Irvine, CA 92606-4926 Phone: 949-222-6550 Fax: 949-222-6558 and mailing costs. To start receiving Impact by email, © The Ayn Rand Institute 2013. All rights reserved. Not to be reproduced without permission. ARI is a 501(c)(3) nonprofit organization. Contributions please see instructions in the lower-right-hand corner to ARI in the United States are tax-exempt to the extent provided by law.

4