Ayn Rand Institute Bootstrapped Its Way to $350k+ PPP Loan

[iluvatar5150]

The Ayn Rand Institute bootstrapped its way to a PPP Loan of at least $350K.

In sign of the times, Ayn Rand Institute approved for PPP loan

(Reuters) - The institute promoting the “laissez-faire capitalism” of writer Ayn Rand, who in the novels “Atlas Shrugged” and “The Fountainhead” introduced her philosophy of “objectivism” to millions of readers, was approved for a Paycheck Protection Program (PPP) loan of up to $1 million, according to data released Monday by the Trump administration.

The Ayn Rand Institute: The Center for the Advancement of Objectivism in Santa Ana, California, sought to preserve 35 jobs with the PPP funding, according to the data.

The institute advocates the Russian-American writer’s philosophy and “applies its principles to many issues and events, including ones Rand herself never discussed,” according to its website. It “focuses on areas that have a long-term multiplying impact on the direction of our culture — notably, education and policy debates,” the website says.

In a 1962 essay, Rand wrote of seventeenth century French businessmen: “They knew that government ‘help’ to business is just as disastrous as government persecution, and that the only way a government can be of service to national prosperity is by keeping its hands off.”

 

[durangodawood]

Perfect opportunity to roll out this little emoji I made....

 

[Occams Barber]

Perfect opportunity to roll out this little emoji I made....

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I've read a lot of books but Atlas Shrugged is the only one which left me feeling nauseous.

OB

 

[Nithavela]

Privatise profit, socialise losses. It's the capitalistic way.

 

[Ana the Ist]

The Ayn Rand Institute bootstrapped its way to a PPP Loan of at least $350K.

In sign of the times, Ayn Rand Institute approved for PPP loan

Is bootstrapped a verb?

 

[Ana the Ist]

Perfect opportunity to roll out this little emoji I made....

View attachment 280713

Looks like Pac Man with the gout and a wig.

 

[VirOptimus]

There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.
Quote by John Rogers: “There are two novels that can change a bookish ...”

 

[FireDragon76]

I am sure that Ms. Rand wouldn't approve, since her politics were actually at odds with what most Republicans believe, and she definitely was against taking government money.

 

[variant]

I am sure that Ms. Rand wouldn't approve, since her politics were actually at odds with what most Republicans believe, and she definitely was against taking government money.

People like that talk an awfully big game. When the chips are down they are happy to accept government enrichment.

 

[FireDragon76]

People like that talk an awfully big game. When the chips are down they are happy to accept government enrichment.

Ms. Rand actually ended up somewhat down-and-out financially as her groupies dispersed, but it's been a while since I read about her.

 

[Arcangl86]

Ms. Rand actually ended up somewhat down-and-out financially as her groupies dispersed, but it's been a while since I read about her.

I'm pretty sure when she died she was living on Social Security.

 

[variant]

Ms. Rand actually ended up somewhat down-and-out financially as her groupies dispersed, but it's been a while since I read about her.

Odd. I wonder why her book sales weren't enough to sustain her.

 

[cow451]

I am sure that Ms. Rand wouldn't approve, since her politics were actually at odds with what most Republicans believe, and she definitely was against taking government money.

She was not against taking money from the government. She did so when it benefited her.

 

[durangodawood]

I get that she was writing at a time when some on the far left were considering state communism as a moral improvement on American capitalism. So I do think a defense of individual liberty was especially timely then, and some of her points were pretty good. But man did she go overboard. It was the classic "equal and opposite reaction", and so equally goofy.

 

[FireDragon76]

Odd. I wonder why her book sales weren't enough to sustain her.

Because toilet paper on the roll is cheaper in the end, and just as effective.

 

[variant]

Because toilet paper on the roll is cheaper in the end, and just as effective.

The books themselves sold very decently in the end, maybe she just wasn't very good at business.