James Taggart complains of ‘unbridled competition’ as a ‘blight’ (46). Competition by definition is unbridled, and if tamed, is not competition any longer. My sixth-grade teacher told a story about competition that stuck with me through the years: Her parents owned a gas station, and across the street was another station. She talked of the ‘gas wars’ that ensued when one would drop their price. The other would drop their price lower so as to attract more customers, and the other would compensate. That was a gas war, she would say. That was competition, and it was good for both consumer and seller. That was unbridled competition at its best, which was many years ago. The government has since put a muzzle on competition, or is trying to, at least, but th...
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... like paper money, any other code of mortality than that of competence does not hold up to the rigors of life. One’s competence of the world is reflected in his or her ability to earn money. Francisco d’Anconia reiterates that idea in his statement on page 411: “Wealth is the product of man’s capacity to think”.
Mr. d’Anconia believes that money is simply a tool, and yet also describes it as “the barometer of society’s virtue” (413). Virtue, by definition, is behavior that shows high moral sstandars. A work ethic is among the highest moral standards, if not the topmost one. Mr d’Anconia and his views of money represent the more progressive, or in other words, the side of society that does not create their own reality. The people who share Mr. d’Anconia’s views of money are the sole reason why life in America and elsewhere has not crumbled into the decay of neglect.
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