Libertarian ‘Utopia’ Styled After Ayn Rand Book Spectacularly Falls Apart Almost Immediately

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A community made up of American ex-pats deep in the South American hills of Chile – far away from America’s annoying taxes, healthcare mandate, and legal abortions — was supposed to be a libertarian paradise of rugged individualism. Instead it cost many of the people who bought into it almost everything, and now is buried under lawsuits — a reminder that everything that glitters is not inflation-proof, Ron Paul-backed gold.

It seems pretty obvious that basing one’s society on a single work of (poorly written) fiction is folly, but for many adherents of Ayn Rand and her seminal book of Objectivist allegorical grandstanding, Atlas Shrugged isn’t just any book. It’s about as close to the Bible that many libertarians have — apart from the Bible, of course. It’s influenced an astounding number of conservative public figures — from Ron Paul to Rand Paul to Ronald Reagan. Paul Ryan, Mitt Romney’s Rand-loving running mate and probable 2016 presidential contender, said it was his favorite book growing up.

“I grew up reading Ayn Rand, and it taught me quite a bit about who I am and what my value systems are,” the congressman told a convention of Rand followers in 2005. Rand was “the reason I got involved in public service.” (source)

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