Ayn Rand and her followers acknowledge that certain exercises of power may infringe upon the basic libertarian rights of others, but fail to either recognize or to acknowledge that economic power may be concentrated and abused in exactly the way as brute strength or cunning deception. For all their talk about the property crimes of tyrannical governments, these would-be philosophers fail to acknowledge that private entities are capable of exactly the same kinds of abuses as public institutions.
So-called "objectivism" has all the marks of a bad abstraction. The entire body of thought fails not because of what it incorporates, but because of the important issues that it leaves out.
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