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Greenspan met Rand in the early fifties after leaving Columbia, attending meetings at Rand’s apartment with a circle of like-minded jerkoffs who called themselves by the ridiculous name of the Collective and who provided Greenspan the desired forum for social ascent.

These meetings of The Collective would have an enormous impact on American culture by birthing a crackpot anti-theology dedicated to legitimizing self interest — a grotesquerie called Objectivism that hit the Upper East Side cocktail party circuit hard in the fifties and sixties.

It is important to to spend some time on the seriously demented history of Objectivism, because this lunatic religion that should have choked to death in its sleep decades ago would go on, thanks in large part to Greenspan, to provide the entire intellectual context for the financial disasters of the early twenty first century.

Griftopia, Matt Taibbi

Written by Peter Rudd

September 15, 2011 at 9:54 pm