In this interview of Ayn Rand by Mike Wallace in 1958, Ayn Rand describes how elected leaders should have limited powers. She handles tough questions from Mike Wallace who consistently tries to trip her up or make her look silly. It is an amazing interview. Fifty years ago Ayn Rand predicted what would happen to the US economically if we continued to follow the trend toward collectivism and socialism.

I highly recommend you spend the 9 minutes to watch this important video. Rand says Americans have never been given the choice between freedom and collectivism.

This is an excerpt from a 1958 interview of Ayn Rand on the Mike Wallace Show. Ayn Rand was a child during the Bolshevik Revolution in Russia before visiting America and staying.

Ayn Rand has a brilliant mind and fought against communist philosophy present in America in the 1930’s – 1950’s particularly. Ayn Rand, author of Atlas Shrugged, speaks of how collectivism will destroy America’s free enterprise economic system. Ayn believes we should not be allowed to vote on EVERY issue.

She disdains government forced coercion in any name, even social inequalities. Some 50 years later we can see the devastation caused by social welfare programs that she warned against. Ayn Rand was a staunch defender of capitalism and attributed ALL economic problems to government meddling. Ayn says we Americans have not been given a choice between freedom and collectivism as both political parties both subscribe to socialism tenets. She says government “regulations are creating robber-barons” and that “capitalists with government help is the worst of all economic phenomenon”.