Ayn Rand philosophical hero is Aristotle, and her work bears comparison with his work on Ethics that he wrote for his son, and is named after him - Nicomachean Ethics, its commonly called virtue ethics.
Aristotle explains that virtue is to keep to centre and away from extremes. For example the virtue of courage is the midpoint of the two extremes of cowardice and recklessness. To judge by her book, the virtues of selfishness, and despite its name Rand also aims for that centre - she regards actual selfishness as well as actual selflessness as extremes.
Rand fled communist Russia and her work reflected the enormous upheaval that Russian society then went through, its clear that she belonged to a class that benefited from then social structure - she was the daughter of a successful pharmacist & businessman. After the outbreak of the revolution their property was confiscated.
As a Russian with a visceral hatred for the Revolution, her work found a ready audience given the Cold War geopolitics.
Both Socialism and Communism developed as a force against the ravages of 19C Capitalism. The first advocating a reformist agenda, and the second a revolutionary one.
In this video, Rand explains she advocates neither collectivism for employers nor for employees. She advocates laissez-faire. How this can work in practise without reverting to collectivism is left unexplained. Collectivism for the employees (the vast majority in any economy), roughly speaking, is aligned with Socialism; Collectivism for employers, again roughly speaking, could be termed an Oligarchy, where the interests of the powerful propertied few command the heights of the economy.
However, one ought to note, to complicate this very simple picture that Britain until the 80s had an economy that was managed by a compact between Industry, Government & Labour; a similar compact in Japan powered its economy from post-war disaster to the second strongest economy globally until just recently.
Interestingly enough, a recent study by Princeton University shows that the USA is an oligarchy. One might suppose a similar effect is probable in all the major Western economies, and when this ties in with the explicitly named Autocratic Capitalism of the Russian Federation, and the State Capitalism of China; it appears that Capital is best served, if one is to go by empirical evidence, not democracies but oligarchies of one form or another.
So it appears that the evidence is against Rand.
Strangely enough, in her last few years her heavy smoking habits caught up with her, and she developed lung-cancer; and she recieved Social Security & Medicare for treatment (though the facts and interpretation of the situation have been disputed). Treatment and help, had she her own way, would not have been there.