WASHINGTON, D.C. — Earlier this year Ayn Rand’s prophetic novel Atlas Shrugged was selling at triple the rate it sold at in the beginning of 2008.

Now the novel is soaring to even greater heights, and its trade paperback edition is currently in first place in the Classics category on Amazon.com’s best-seller list for sales in the United States. The 50th anniversary mass-market paperback edition of Atlas Shrugged ranks as #2 and the trade paperback Centennial edition ranks as #3. For several weeks Atlas Shrugged has been holding steady in the top 10 best-sellers in the broader United States Literature and Fiction category, and as of the writing of this release, different editions of the novel stand at #3, #5 and #6 in Amazon’s ranking.

In a recent Wall Street Journal op-ed, Yaron Brook, executive director of the Ayn Rand Institute, explained the parallels between Atlas Shrugged and today’s events.

Atlas Shrugged tells the story of the US economy crumbling under the weight of government interventions and regulations.

“In Atlas Shrugged, Rand tells the story of the U.S. economy crumbling under the weight of crushing government interventions and regulations. Meanwhile, blaming greed and the free market, Washington responds with more controls that only deepen the crisis. Sound familiar?”

Brook also stressed the importance today of the book’s often overlooked message that capitalism cannot be properly defended without morally defending profit and self-interest: “…only an ethic of rational selfishness can justify the pursuit of profit that is the basis of capitalism — and that as long as self-interest is tainted by moral suspicion, the profit motive will continue to take the rap for every imaginable (or imagined) social ill and economic disaster. Just look how our present crisis has been attributed to the free market instead of government intervention — and how proposed solutions inevitably involve yet more government intervention to rein in the pursuit of self-interest.”

Those interested in understanding the morality of capitalism can learn more in Ayn Rand’s
The Virtue of Selfishness — which, at #12 in the Classics category, is setting records of its own.

In his address to the joint session of Congress, President Obama said that “We cannot shun the negotiating table” in conducting our foreign policy. He’s previously elaborated that “if countries like Iran are willing to unclench their fist, they will find an extended hand from us.” And Iran’s president Ahmedinijad tentatively welcomes “talks based on mutual respect and in a fair atmosphere.”

The shared idea, evidently, is that our conflict with Iran stems largely from a past failure to use so-called diplomacy to settle disputes. Alluding to George W. Bush’s supposedly tough policy, Obama has said he wants to restore “the same respect and partnership that America had with the Muslim world as recently as 20 or 30 years” ago.

Really? Thirty years ago this November, followers of Ayatollah Khomeini, who spearheaded Iran’s Islamic revolution, stormed the U.S. embassy in Teheran and took the personnel hostage. President Carter gently admonished Iran, but ruled out military retaliation. Instead his advisors spent months dreaming up schemes to bribe Iran into releasing the hostages–while bending over backward to enable the regime to save face. In the end Khomeini’s Islamist theocracy collected a handsome payoff for its aggression, and concluded, rightly, that if attacked, America would crumple to its knees.

Was Obama thinking of the 1980s? In April 1983 Iran’s jihadist proxies in Lebanon rammed a truck bomb into the U.S. Embassy in Beirut; the Reagan administration responded by doing nothing. Months later, encouraged by Washington’s inaction, Teheran issued a kill order–via its ambassador in Syria–to its allied groups in Beirut. Early one morning, an Islamist suicide bomber set off a massive explosion at the barracks where U.S. marines were sleeping and killed 241 of them.

Reagan spouted hot air about not backing down–and soon after ordered the U.S. troops to bug out. The jihadists wanted America out, they slaughtered our troops, and we caved in and gave them what they wanted.

Osama bin Laden, like jihadists in Iran and elsewhere, viewed our response to the Beirut bombings as further proof that their ideologically driven war was a viable cause. And so, inspired by Iranian aggression, the anti-American jihad kept ramping up.

Maybe Obama meant the fabled halcyon days of the 1990s, when President Clinton tried to mend fences with Iran?

In 1996 a team of jihadists–financed and trained by Teheran–blew up the Khobar Towers building in Saudi Arabia, killing 19 American servicemen. Clinton’s administration learned that Iran was behind the attacks. But Washington brushed aside any notion of retaliating against Iran, in order to facilitate a “reconciliation” with that murderous regime. In an eerie parallel with today, Iran expressed its openness to U.S. groveling–an opportunity Clinton seized.

So, Clinton attended a speech by Iran’s leader at the U.N.; the administration also permitted the sale of much-needed aircraft parts to Iran, among other sweeteners. Granted the cover of respectability, Iran was emboldened to continue fomenting Islamist aggression and avidly pursue its then-embryonic nuclear program.

Obama’s appeasing diplomacy re-enacts the disastrous policy of the past. Our policymakers evaded Iran’s character as an enemy, and by rewarding its aggression with bribes and conciliation, they encouraged a spiral of further attacks.

No. Bush was no exception to this trend. After 9/11 his administration invited Iran–the leading sponsor of Islamist terrorism–to join an anti-terrorism coalition(!). Talk of an axis of evil was quickly abandoned, and Washington backed the European scheme to bribe Iran to halt its nuclear program. By late last year, there was talk of opening a U.S. Special Interests Section (a step down from an embassy) in Iran. Meanwhile Bush’s welfare mission in Iraq negated U.S. security and left Iran untouched to grow more powerful and resolute.

A genuinely new, rational policy toward Iran would turn away from the last 30 years and begin by facing up to Teheran’s ongoing proxy war against us.

Elan Journo is a fellow at the Ayn Rand Center for Individual Rights, focusing on foreign policy. The Ayn Rand Center is a division of the Ayn Rand Institute and promotes the philosophy of Ayn Rand, author of “Atlas Shrugged” and “The Fountainhead.”