Use access key #2 to skip to page content.

Rand, LULU, and Perspectivism



November 29, 2011 – Comments (5) | RELATED TICKERS: LULU

The brewing moral outrage over the "Who is John Galt" bags at lululemon strikes me as silly on a lot of levels, so I wrote about it here. Good thing I have a long memory and recall some of founder Chip Wilson's strange philosophical meanderings from the past. The Secret? Oh my. (That was about the time I kind of wrote off the whole LULU shebang as a good stock idea... maybe I was wrong, but I don't regret or rescind that opinion, ha.)

I'm glad I mentioned Greece in here too. I am currently reading Michael Lewis's Boomerang, and after I wrote this, I ran across him pointing out that Greece is a good example of a collectivist economy that's been destroyed by selfishness (and maybe a good dose of collective insanity, too, I mean, how can you be collectivist when nobody's COLLECTING any revenues to fund what people demand? Ugh). Nobody has the corner on the market of that particular human attribute, although it seems like some people believe it's only present in or caused by market-based economies. 

I kinda think Perspectivism has a nice ring, especially these days.

5 Comments – Post Your Own

#1) On November 29, 2011 at 9:46 AM, leohaas (29.81) wrote:

John Who?

Report this comment
#2) On November 29, 2011 at 10:17 AM, DJDynamicNC (39.35) wrote:

The Secret is one of my favourite books for thrashing. The real secret is that wishing for the universe to magically deliver crap to you is stupid.

Granted, Atlas Shrugged isn't a whole lot better.

Report this comment
#3) On November 29, 2011 at 10:35 AM, TMFLomax (89.32) wrote:




Yeah The Secret... oh man, I agree. I'm a major believer in some degree of positive thinking, but hard work, efforts, plans, and PLENTY of reality checks are all necessary in the REAL world. Kind of freaks me out that a lot of people seemed to think magical delivery makes sense. But wait... come to think of it, maybe that does make sense. People bought into beanie baby and housing bubbles after all. :/

Report this comment
#4) On November 29, 2011 at 11:35 AM, Frankydontfailme (29.51) wrote:


The ideas of individualism and John Galt are as guiding today as they have ever been. Too bad the customers purchasing yoga attire with their credit cards while neglecting their savings don't see it.

Then again, maybe a strike of mindless consumer goods is exactly what the US economy needs. If only more companies alienated their customers with the truth, we might have savings for capital investment.

Report this comment
#5) On November 30, 2011 at 3:56 PM, leohaas (29.81) wrote:

I could not resist, Alyce!

But come to think of it, I am not so sure that Libertarians should view these bags as negative. Quite the opposite, if you ask me. If I were a Libertarian, I would love it if only a few people after seeing the bags were to Google John Galt. These people would get an opportunity to learn about John Galt, and about Libertarianism. How can that be bad?

Report this comment

Featured Broker Partners