For The New Intellectual
When a man, business corporation, or an entire society is approaching bankruptcy, here are 2 courses that those involved can follow: they can evade the reality of their situation and act on a frantic, blind, range-of-the-moment expediency--not daring to look ahead, wishing no one would name the truth, yet desperately hoping that something will save
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I think Rand's assessment rings far, far more true now than it ever did at the time she wrote this. It was bad back then, but not as bad as it is today. The problem that makes it bad today is that few outside of those who are painfully aware are really taking time to realize how bad it has become.
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