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A Friend of mine with similar political inclination keeps telling me I should read it, for the same "know thy enemy" kind of argument.
I just can't bring myself to it, we all get bombarded enough with that shitty ideology, and have to push it back irl constantly, so I'd love to escape it, a bit, in my downtime.
It does in fact help a little bit, when you see how Rand portrayed the libertarian paradise for which she advocated: where everyone is a genius at the top of their game, and a few dozen of these geniuses build the shiny libertarian utopia. It's juvenile, just like her other literary attempts. The ‘utopia’ wouldn't stand against just a few real-life problems. It's also notable that Rand herself was on social security and Medicaid in her late years.
Furthermore, it's fun to read some of Aleister Crowley, e.g. ‘The Diary of a Drug Fiend’, compare it to Rand's ‘objectivism’, and ponder as to how Crowley was called ‘the most wicked man’ while Rand became the torchbearer of USian unabashed corporatism. At least, Crowley actually could write, had a soul, and was generally a fun man — but he didn't have a Red Scare to ride on.