Economic collapse from "summary" of Atlas Shrugged by Ayn Rand
The concept of economic collapse in 'Atlas Shrugged' is vividly portrayed as a result of the government's intervention and control over the economy. As the government imposes more regulations, controls, and restrictions on businesses and individuals, the productive and innovative members of society are increasingly burdened and stifled in their efforts to create wealth and prosperity. The economic collapse in the novel is a direct consequence of the government's interference in the free market, which leads to shortages, inflation, and ultimately, the breakdown of the economy. The government's policies favor incompetence and mediocrity, while punishing those who excel and strive for excellence. This creates a society where mediocrity is rewarded and excellence is penalized, leading to a decline in productivity and innovation. As the economy spirals downwards, businesses collapse, unemployment rises, and poverty becomes widespread. The government's attempts to fix the problems it has created only exacerbate the situation, as more regulations and controls are imposed in a futile effort to control the chaos. This only serves to further strangle the economy and push it towards total collapse.- The novel argues that only by allowing individuals the freedom to create and innovate can society truly thrive and avoid the disastrous consequences of economic collapse.
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