It depicts a "socialist" dystopia turning into the ideal libertarian dystopia. Not only does it fail the philosiphical sniff test, its just a bad novel with poor pacing. The climax is a character giving a long ~60 page(??? Read it a long time ago) speech that deflates whatever momentum the story had.
I think a society has to be believable to be a good dystopic novel.
Rands world building is non existent and she treats the society as merely an excuse to write long boring speeches about a world she hardly experienced; instead having a proxy knowledge sourced from drunk old men.