The movie opens in 2016. We see an America where nothing works, not the machines and not the people. The streets are lined with homeless people and derelict automobiles. The airports are littered with wrecked planes.
The Middle East has imploded and no oil is being shipped. We learn that gasoline is $37 something a gallon. (Not mentioned in the movie is that Washington’s drilling phobia has left the nation vulnerable to just such a scenario.)
The remaining railroad is run by a smug James Taggart who is ruining the company he inherited, but is very good at articulating concern for those “who need our help.” He depends upon his Washington connections to keep the company afloat. He condemns his sister, Dagny, for wanting to save the firm the old fashioned way, by making it profitable.
Henry Reardon, the protagonist, is a steel tycoon who also disdains Washington. Instead, he concentrates on developing high strength steel that will transform the industry, and help put the country back to work.
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