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How would the world be like if every other person on earth becomes an objectivist/ sense of life objectivist? Is this EVER possible?
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It depends on exactly what you mean by Objectivist. If, by that, you mean a person who explicitly understands Objectivism and lives life deliberately by its guidance, then it's unlikely to ever happen that everyone will be an Objectivist. There are many people who are either unable, unwilling, or simply uninterested in the deliberate study of philosophy that would be required. Studying philosophy just isn't for everyone, and that's okay. However, if by Objectivist, you mean a person who implicitly agrees with and follows the basic tenants of Objectivism without having given it much study, then it is certainly possible that everyone could become an Objectivist*. In such a case, you wouldn't necessarily have everyone quoting out of Atlas Shrugged or making deliberate philosophic speeches, but you would see it be a part of the normal culture that people would earn their own way, act in their best interest, and deal with one another honestly. If you were living in such a society, it would seem abnormal that people ever acted in another way, and tales of how things used to be would seem strange and foreign (e.g., "When I was your age, the government actually made a law saying you have to buy health insurance!" followed by "Wow, that's really weird, Grandpa!")
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Yes. It will be very quick once the tipping point is reached- the percentage of the population beyond which social phenomena tends to avalanche. It is in fact a science and is used in product marketing from fashion to music to gadgets. Objectivism, unlike other phenomena, would not cave in on itself, burn out, cause disaster or gradually fade. By its nature, it will prosper since it is perfectly aligned with what is fundamentally human. Our very nature will want more and more of it because it feeds what we naturally want more and more of. Happiness.
The hard part is getting over that last hurdle, the bump in the road called Altruism. The altruists of religion, secularity, peer pressure and guilt. It is not a bump but a very high mountain. But once that mountain is peaked, it will be a sweet ski ride down the other side. Not in my lifetime I fear.
There is a book on this. It is in my pile of things to read eventually.. http://www.amazon.com/Age-Rand-Imagining-Objectivist-Future/dp/0595351530
Is your question one about what the world would look like if everyone was "objective" (i.e. paying attention to reality and natural law), or what the world would look like if everyone was a "Randroid" (i.e. reading Rand like Christians read the Bible looking for "all" the answers to life in her works)?
@ Joe Egan: Both. However, the kind of world I'm talking about is not possible if large number of people aren't exposed to Ayn Rand's work. The majority of world population is not born genius.
There have been "objectivists" before Rand laid out in explicit detail ideas of Objectivism. She was more a "discoverer" than a "creator" of Objectivism. Look at her like a Newton -- who identified and wrote out laws (natural rules) of the physical world. There were people who understood and followed the "physical world laws" before Newton wrote them out in specific detail. There are people now, who are not "geniuses," yet they still understand and follow the physics Newton explained in detail. People don't need to know Rand's name to be objective -- though her explicit explanations help!