Is Lynn Tilton A Modern Dagny Taggart?
Dagney Taggart was the heroine of the Ayn Rand classic "Atlas Shrugged." Taggart was one of the competent pillars of American capitalism holding back the forces of government encroachment and societal decline. A gritty, smart, competent railroad executive, Dagny fought tooth and nail against the collapse of the massively interconnected economic system that she believed in, and played a large part in maintaining.
This determination to save the economic and industrial system of the US put Dagny at odds with the ever-grasping government -- and with a mysterious group of entrepreneurs, industrialists, and wealthy financiers who were disappearing from the face of the Earth. The ongoing disappearance of these important players in US and global capitalism made Dagny's work that much harder. When Dagny discovered that these capitalist cohorts were voluntarily dropping out of the system -- and inviting her to do the same -- she was infuriated, dismayed, and determined even more to succeed against all the odds. But that was before she met John Galt. Who is John Galt?
Lynn Tilton is the CEO of private equity firm Patriarch Partners. Tilton leads the $5 billion venture firm in the effort to "turn around" failing corporations and businesses -- to reverse the accelerating entropy of American business and manufacturing.
The video above gives a very thin slice of Tilton's ideas, achievements, and projects. Tilton's twitter feed is here, and she also has a blog, Dust to Diamonds.
When Al Fin learned about Tilton's Old Town Mill project to take a defunct paper mill and turn it into a potentially thriving wood chip to bio-butanol to jet fuel enterprise, he was quite impressed. While the bio-jet fuel project illustrates Tilton's "turnaround" ability to anticipate trends and to turn "dust into diamonds", it is just one of many projects that Tilton is working on.
What would it take to convince a person like Lynn Tilton that "going John Galt" was the only viable alternative remaining? Quite a lot, I am sure. But Brocko and his gang appear to be doing everything they can to eliminate all viable alternatives.
I wish Ms. Tilton continued good fortune in her projects. Turning around the American economy -- and thus the world's -- is no easy task. Too bad the US has elected a government that is doing everything possible to make that task impossible.
If Ms. Tilton ever does go John Galt, you had best look to your bugout plans.