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Atlas Shrugged Meets the LA Porn Industry--01-18-2012

  • Broadcast in Finance
Financial Survival Network

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Ayn Rand told me that there'd be days like this. In a chapter straight out of Atlas Shrugged, the mammoth Los Angeles Industry is facing its biggest challenge yet. The City of Los Angeles is set to pass a law requiring all adult actors to wear condoms while producing ographic movies. The industry is up in arms and is threatening to vacate the LA Valley for more libertarian climes. Putting aside what methods the City will use to enforce such intrusive regulation and who the lucky enforcers will be, one must wonder what the Mayor and his minions are thinking.

While the industry has been hit by the recession and the plethora of free internet spewing forth from users' computer screens, it is estimated that it stills contributes $8 billion per year to the economy. Will this be yet another industry that finds increased profits and freedom in the once People's Republic of China, or will they relocate to places that respect and honor providers of carnal pursuits, like Las Vegas. You know things are pretty bad when the solvency of a state could be hanging on the viability of the smut peddlers' tax payments.

Not that we are fans of the industry. This segment is responsible for much pain and suffering as well as the exploitation of young women. However, LA is not looking to ban the industry, but rather make it "safer." Obviously government regulation is unconcerned with decency or morality, but simply appearing to care about people's safet

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