That’s a lesson a lot of our politicians could learn. Maybe we should send them down to Guatemala’s Francisco Marroquin University.

For nearly 40 years, this private college has been a citadel of laissez-faire economics. Here, banners quoting “The Wealth of Nations” author Adam Smith — he of the powdered wig and invisible hand — flutter over the campus food court.

Every undergraduate, regardless of major, must study market economics and the philosophy of individual rights embraced by the U.S. founding fathers, including “life, liberty and the pursuit of happiness.”

A sculpture commemorating Ayn Rand’s “Atlas Shrugged” is affixed to the school of business. Students celebrated the novel’s 50th anniversary last year with an essay contest. The $200 cash prize reinforced the book’s message that society should reward capitalist go-getters who create wealth and jobs, not punish them with taxes and regulations.

“The poor are not poor just because others are rich,” said Manuel Francisco Ayau Cordon, a feisty octogenarian businessman, staunch anti-communist and founder of the school. “It’s not a zero-sum game.”

Welcome to Guatemala’s Libertarian U. Ayau opened the college in 1972, fed up with what he viewed as the “socialist” instruction being imparted at San Carlos University of Guatemala, the nation’s largest institution of higher learning. He named the new school for a colonial-era priest who worked to liberate native Guatemalans from exploitation by Spanish overlords.

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Maybe some wealthy industrialist with common sense will see this and take a hint.

This entry was posted on Monday, June 9th, 2008 at 1:33 pm by Chad and is filed under Brilliant, but uncategorizable. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.