Atlas Society misattributes Alan Greenspan quote to Ayn Rand

Mar 15, 2024 · By Dennis Hackethal · Fork · Check another quote

Original text

Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtues, not of vices.
Alan Greenspan in Ayn Rand’s Capitalism: The Unknown Ideal (p. 130). Penguin Publishing Group. Kindle Edition.

Quote text

Capitalism...holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtues, not of vices.
https://twitter.com/TheAtlasSociety/status/1767906118833975784
Ellipsis used (if any): ‘...’
✓ No issues found using regular expression . and Myers algorithm. 
Capitalism‧is‧based‧on‧self-interest‧and‧self-esteem;‧it‧...holds‧integrity‧and‧trustworthiness‧as‧cardinal‧virtues‧and‧makes‧them‧pay‧off‧in‧the‧marketplace,‧thus‧demanding‧that‧men‧survive‧by‧means‧of‧virtues,‧not‧of‧vices.

Explanation

# Part Valid? Explanation
1 
Capitalism
2 
‧is‧based‧on‧self-interest‧and‧self-esteem;‧it‧
 ✓ yes Deletion is followed by a valid insertion.
3 
...
 ✓ yes Insertion is an ellipsis.
4 
holds‧integrity‧and‧trustworthiness‧as‧cardinal‧virtues‧and‧makes‧them‧pay‧off‧in‧the‧marketplace,‧thus‧demanding‧that‧men‧survive‧by‧means‧of‧virtues,‧not‧of‧vices.

Notes

The quote is correct in form but Greenspan said that, not Rand. The quote is from an essay titled ‘The Assault on Integrity’ by Alan Greenspan. The essay is in turn featured in the book Capitalism: The Unknown Ideal, which contains essays by Ayn Rand, Nathaniel Branden, Robert Hessen, and, as noted, Alan Greenspan. The Atlas Society attributes the quote to Rand in the linked tweet.

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