Atlas isn’t shrugging; he’s moved out of town…June 23, 2011
Monty Perelin has a piece in The American Thinker that is pretty disappointing, and yet if you have been looking at any of the economic and business indicators over the last couple of years it won’t be surprising.
The premise of the piece is this: In Atlas Shrugged, Ayn Rand’s producers move to Galt’s Gulch when the government makes business conditions impossible for them. They have no place else to go, because in Rand’s world every other country is socialist.
In our world, that’s not true. There are lots of socialist countries, but there are others that are becoming more and more favorable to business, especially to entrepreneurs. Perelin specifically mentions Hong Kong, Singapore, Australia, New Zealand, Monte Carlo, Belize, Costa Rica, Panama, Bahamas, and the Cayman Islands.
Now personally I’m not crazy about living in Hong Kong or Singapore. “I’ve never been to Belize.” (“Ocean’s Eleven” reference.) I was just in the Bahamas, but I wouldn’t want to live there. I would expect I’d feel the same about the other islands and Central American countries. Australia and New Zealand, now, maybe that would be different, especially if I had a lot of money I was trying to keep and a business I was trying to keep going – and I knew that the US government was going to punitively tax and regulate my business to death.
The point is: lots of folks probably will be willing to move if the stakes are that high. And there is nothing I can see in our economic future here in the US that would make it possible for me to convince one of these businessmen to stay.
Let’s say that we elect a “moderate” Republican to replace Obama in 2012. There is nothing in the statements I’ve heard from the candidates so far – except for Herman Cain – that makes me think any of them would push for radically better business conditions. That’s the problem with a Huntsman, or a Romney, even. They are still too entrenched in the old-school way of running the government. Tweak some policy here, adjust some legislation there – but don’t make any sweeping changes that might upset the status quo.
How do we stop the bleeding of businesses and entrepreneurs? I agree with the article that we have to make those sweeping changes. It’s just going to be such an uphill battle getting a Herman Cain or other pro-business candidate through the primary process successfully, when the system is set up to give us a John McCain. Once we get that far, I think the general election would be much easier, actually.