The Free Markets Have Spoken: Atlas Shrugged was, Well, Shrugged!
Ever since my lively debate on “Free Markets” with my good friend Chakravarthy about a year ago on my show, Chakravarthy and I have been exchanging good-natured jabs at each other on our political and economic beliefs. While Chakravarthy and I are staunch supporters of Telugu unity and students of Telugu history and culture, we disagree on almost all things political and economic. Perhaps our biggest disagreement comes with respect to Ayn Rand. I believe that Ayn Rand is a terrific fiction writer who has a cult-following. She is a champion of laissez-faire economics where regulation-free “free markets” bring economic utopia. Innovators and risk-takers create products, market them and create wealth yada yada.
I started writing a long note about why I think Ayn Rand’s ideas are completely crazy and how Alan Greenspan’s implementation of Rand’s ideas has proved to the world that there is no such thing as a free-market, and that self regulating markets don’t exist (even he admitted that in a congressional testimony). I will do it another time. I will also post a link to our debate soon. But, for the time being, I want to show some evidence to prove my point. [And do an end-zone dance! :)]
Free-markets or not, one can safely assume that a lousy idea makes a lousy movie. And a lousy movie can be expected to be flop at the box office, right?
(Sorry Randians: The producer says there will be no Part 2 or 3)
|Domestic Total as of May. 4, 2011: $4,091,404|
|Distributor: Rocky Mountain Pictures||Release Date: April 15, 2011|
|Genre: Drama||Runtime: 1 hrs. 42 min.|
|MPAA Rating: PG-13||Production Budget: $20 million|
On a side note, I contributed about $10 to that box office total by encouraging my teenage son to go see that movie! 🙂
In my debate with Chakravarthy I said, “In the free markets of ideas, the Ayn Rand version of “Free Markets” have already lost. Here is the kicker – the complete humiliation of Atlas Shrugged at the box office proves that point I made in our debate.
And now for my end-zone dance, please watch Colbert’s review of Atlas Shrugged. 🙂