“Money is the root of all evil.”

I’ve always known this to be a despicable sentiment. But never moreso than when I read Atlas Shrugged for the first time and came upon Francisco d’Anconia’s money speech, which is reprinted with permission from the Estate of Ayn Rand in the current edition of Capitalism Magazine. Everyone could benefit by reading it. “So you [...]

Dollar signI’ve always known this to be a despicable sentiment. But never moreso than when I read Atlas Shrugged for the first time and came upon Francisco d’Anconia’s money speech, which is reprinted with permission from the Estate of Ayn Rand in the current edition of Capitalism Magazine. Everyone could benefit by reading it.

“So you think that money is the root of all evil?” said Francisco d’Anconia. “Have you ever asked what is the root of money? Money is a tool of exchange, which can’t exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. Money is not the tool of the moochers, who claim your product by tears, or of the looters, who take it from you by force. Money is made possible only by the men who produce. Is this what you consider evil?”

“Let me give you a tip on a clue to men’s characters: the man who damns money has obtained it dishonorably; the man who respects it has earned it. Run for your life from any man who tells you that money is evil. That sentence is the leper’s bell of an approaching looter. So long as men live together on earth and need means to deal with one another–their only substitute, if they abandon money, is the muzzle of a gun.”

15 Comments

  1. Stephen on November 10, 2007 | Permalink

    What a wonderful little summary. I wish I could write like that. I always feel that way when I read Ayn Rand: she had a remarkable ability to put her point in a wonderfully succinct way with maximum punch.

    S.

  2. Harlem44 on November 11, 2007 | Permalink

    Yes I see where she’s going. But. Didn’t they say it is the LOVE of money that is the root of all evil??

  3. Stephen on November 11, 2007 | Permalink

    I doesn’t really matter. If you’re talking about the “love” of money rather than money itself I think her comments are still very much apposite.

    S.

  4. John on November 11, 2007 | Permalink

    Later in the speech Rand addresses the same thing:

    “Or did you say it’s the love of money that’s the root of all evil? To love a thing is to know and love its nature. To love money is to know and love the fact that money is the creation of the best power within you, and your passkey to trade your effort for the effort of the best among men. It’s the person who would sell his soul for a nickel, who is loudest in proclaiming his hatred of money–and he has good reason to hate it. The lovers of money are willing to work for it. They know they are able to deserve it.”

  5. Justin Heinze on November 14, 2007 | Permalink

    This is from the Ayn Rand Institute:

    “Above all, do not join the wrong ideological groups or movements, in order to ‘do something.’ By ‘ideological’ (in this context), I mean groups or movements proclaiming some vaguely generalized, undefined (and, usually, contradictory) political goals. (E.g., the Conservative Party, which subordinates reason to faith, and substitutes theocracy for capitalism; or the ‘libertarian’ hippies, who subordinate reason to whims, and substitute anarchism for capitalism.) To join such groups means to reverse the philosophical hierarchy and to sell out fundamental principles for the sake of some superficial political action which is bound to fail. It means that you help the defeat of your ideas and the victory of your enemies.”
    [Ayn Rand, "What Can One Do?" Philosophy: Who Needs It]

    http://www.aynrand.org/site/PageServer?pagename=objectivism_faq#obj_q3

  6. Quinney on November 14, 2007 | Permalink

    Justin, Ayn Rand was responding to an early libertarian movement, which is why she calls them hippies. Unless Ron Paul strikes you as a hippy her comments don’t really apply to the libertarian movement of today.

  7. Jade on March 1, 2008 | Permalink

    Her comments do apply to libertarians today. Ron Paul holds some terrible ideas when it comes to foreign policy and what liberty really means.

  8. John on March 1, 2008 | Permalink

    Jade, some objectivists agree with you.

    But, in my opinion, Quinney is absolutely right: Rand was exposed to some people calling themselves ‘libertarian’ who were actually proposing anarchism; in contemporary usage the word ‘libertarian’ denotes support for exactly the kind of minarchist government system Rand advocated. Perhaps if you disagree you could say what the political differences are between Rand’s objectivism and my libertarianism.

  9. Desc on February 9, 2009 | Permalink

    Consider this conjecture (Conjecture 1): A man who collects money dishonestly will want to convince people that money is a just system, so he can keep that money.

    How can this conjecture be false? Why would one who has collected power, complain about the means by which they collected it?

    Conjecture 1 contradicts the first point in the second quote.

    The first quote is disappointing. I came here because I don’t believe that money is the root of all evil. Money is just a tool of trade. But money is not the end of the story when it comes to improving the distribution of resources. Just because money is not the cause of the ills committed with it, doesn’t mean it is perfect.

    The injustices mentioned as alternatives to money (begging and theft) are not reversed by money; rather one who has stolen money can use the money to build on their stolen gains more effectively than in just a barter-based system.

    Money is an important development in the story of distribution of resources. It is not necessarily the final improvement.

  10. John on February 12, 2009 | Permalink

    Desc,

    Can you suggest something better?

  11. Anonymous on March 27, 2009 | Permalink

    http://www.guardian.co.uk/books/booksblog/2009/mar/27/ayn-rand-atlas-shrugged

  12. trang on May 5, 2009 | Permalink

    i think that money is not the root of all money.thanks to money we can have everything we need.if we want to go abroad to study,but we have no money,we will not persue our dreams.

  13. Mark MoneyMaker on May 28, 2009 | Permalink

    The biblical context of “love is the root of all evil” means love OVER AND ABOVE everything else (ie worship). That was the whole point Charles Dickens was showing with The Christmas Carol. Scrooge wasn’t evil because he loved money or had a lot of it but because he loved it OVER AND ABOVE ANYTHING ELSE. That is the point. Notice at the end of Carol how dikens comments “and of all men who knew how to keep Christmas none knew it better than Scrooge”. Did he give away his money and become poor? Nope if you read the story (or even watch the old movie) you’ll see he used some money to help the little kid and give Crachett and his house keeper a well deserved raise. AND at the end of the book (and some of the film versions) the sign outside his business now reads “Scrooge and CRATCHETT”.
    So if you want to make a judgement on a scriptural saying make a right judgement.
    I find Ayn Rand correct in countering the common belief of what people THINK the statement “the love of money is the root of all evil.” (ie where she says those who love it work for it etc). However that has nothing to do with what the scriptures were saying–what they mean about “the love of money” (read the whole chapter) is love beyond and above all things.
    The scriptures later say if you are rich “help out those around you” it does not say “you are a bad man”. Also there are numerous passages in the scriptures about the honest and diligent are blessed to gain “wealth and riches”.

    Money is good and the love of money PROPERLY EARNED where you do not defraud others is good but the love of money over and above everything else IS the root of evil because the implication is you’ll do anyting to get it. Now I read the original greek but if you get a good interlinear greek/english study you can see the word by word context is what Im saying. The orthodox and catholic and traditional old protestant churches knew this (ie Charles Dickens) but many modern pop style interpreters have no clue.

    Now if you say to me that you love money over and above everything else and that is good too THEN I would say you are ready to join the mafia or other criminal orgs for you have declared it as a universal law for yourself as crooks and thieves do. THAT is the point.

    Thanks for listening. Earn money love it but love your fellow man, your brother more. Earn money love it but feed the poor the distitute those without hope for they are YOU. We are all human and are in this together–thats the point of the scripture.

    best to all,

    Ps for more on the proper understanding of famous statements like love of money look up clement of alexandria (early church fathers essay on money)–he basically says love of money is healthy if you keep it in perspective and it comes out of doing an excellent job “for the worker is WORTHY of his wages” (jesus said that too)

  14. Mark MoneyMaker on May 28, 2009 | Permalink

    Ps here is one of the passages I alluded to earlier (note this Paul fellow is the same guy who said ‘love of money is root of all evil’–notice he is not saying to the rich people to stop earning it or to give it all away.) By the way many billionaires are the most generous Bill Gates has given millions to research and other causes (thats what this passage says for rich people to do–NOT to stop earning (therefore ‘loving’) money but not to be a douchebag about it (pardon the colorful language but its the scottish in me)

    “Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment. Command them to do good, to be rich in good deeds, and to be generous and willing to share. In this way they will lay up treasure for themselves as a firm foundation for the coming age, so that they may take hold of the life that is truly life.” (1 Tim 6:17-19)

  15. John on June 1, 2009 | Permalink

    Mark- What you said makes perfect sense to me. I object to people who despise money; I love when people are generous. You’ve gotta have it first, to give it away. Perhaps if more people understood that we’d have less taxing the rich inordinately and de-incentivizing the creation of wealth.

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