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When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.
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Thomas Sowell
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I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money.
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Thomas Sowell (Barbarians Inside the Gates and Other Controversial Essays (Hoover Institution Press Publication))
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It’s amazing how much panic one honest man can spread among a multitude of hypocrites.
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Thomas Sowell
“
Much of the social history of the Western world over the past three decades has involved replacing what worked with what sounded good.
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Thomas Sowell
“
The problem isn't that Johnny can't read. The problem isn't even that Johnny can't think. The problem is that Johnny doesn't know what thinking is; he confuses it with feeling.
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Thomas Sowell
“
The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
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Thomas Sowell (Is Reality Optional? And Other Essays)
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People who pride themselves on their "complexity" and deride others for being "simplistic" should realize that the truth is often not very complicated. What gets complex is evading the truth.
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Thomas Sowell (Barbarians Inside the Gates and Other Controversial Essays (Hoover Institution Press Publication))
“
There are no solutions. There are only trade-offs.
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Thomas Sowell (A Conflict of Visions: Ideological Origins of Political Struggles)
“
Intellect is not wisdom.
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Thomas Sowell (Intellectuals and Society)
“
Some of the biggest cases of mistaken identity are among intellectuals who have trouble remembering that they are not God.
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Thomas Sowell
“
Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.
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Thomas Sowell (The Thomas Sowell Reader)
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When people get used to preferential treatment, equal treatment seems like discrimination.
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Thomas Sowell
“
Racism does not have a good track record. It's been tried out for a long time and you'd think by now we'd want to put an end to it instead of putting it under new management.
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Thomas Sowell
“
There are only two ways of telling the complete truth--anonymously and posthumously.
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Thomas Sowell
“
Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.
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Thomas Sowell
“
Since this is an era when many people are concerned about 'fairness' and 'social justice,' what is your 'fair share' of what someone else has worked for?
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Thomas Sowell
“
Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric.
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Thomas Sowell (Knowledge and Decisions)
“
The fact that the market is not doing what we wish it would do is no reason to automatically assume that the government would do better.
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Thomas Sowell
“
It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it.
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Thomas Sowell (Knowledge and Decisions)
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The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a reflection on us. When the people want the impossible, only liars can satisfy.
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Thomas Sowell
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Bailing out people who made ill-advised mortgages makes no more sense that bailing out people who lost their life savings in Las Vegas casinos.
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Thomas Sowell
“
The most basic question is not what is best, but who shall decide what is best.
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Thomas Sowell
“
Rhetoric is no substitute for reality.
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Thomas Sowell
“
Competition does a much more effective job than government at protecting consumers.
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Thomas Sowell (Compassion Versus Guilt and Other Essays)
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It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.
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Thomas Sowell
“
If politicians stopped meddling with things they don't understand, there would be a more drastic reduction in the size of government than anyone in either party advocates.
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Thomas Sowell
“
Virtually no idea is too ridiculous to be accepted, even by very intelligent and highly educated people, if it provides a way for them to feel special and important. Some confuse that feeling with idealism.
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Thomas Sowell
“
One of the sad signs of our times is that we have demonized those who produce, subsidized those who refuse to produce, and canonized those who complain.
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Thomas Sowell (The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy)
“
One of the consequences of such notions as ‘entitlements’ is that people who have contributed nothing to society feel that society owes them something, apparently just for being nice enough to grace us with their presence.
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Thomas Sowell
“
It doesn't matter how smart you are unless you stop and think.
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Thomas Sowell
“
If you have always believed that everyone should play by the same rules and be judged by the same standards, that would have gotten you labeled a radical 50 years ago, a liberal 25 years ago and a racist today.
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Thomas Sowell
“
Life does not ask what we want. It presents us with options
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Thomas Sowell
“
Socialism is a wonderful idea. It is only as a reality that it has been disastrous. Among people of every race, color, and creed, all around the world, socialism has led to hunger in countries that used to have surplus food to export.... Nevertheless, for many of those who deal primarily in ideas, socialism remains an attractive idea -- in fact, seductive. Its every failure is explained away as due to the inadequacies of particular leaders.
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Thomas Sowell
“
It takes considerable knowledge just to realize the extent of your own ignorance.
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Thomas Sowell
“
We seem to be getting closer and closer to a situation where nobody is responsible for what they did but we are all responsible for what somebody else did.
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Thomas Sowell
“
It is usually futile to try to talk facts and analysis to people who are enjoying a sense of moral superiority in their ignorance.
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Thomas Sowell
“
What is history but the story of how politicians have squandered the blood and treasure of the human race?
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Thomas Sowell
“
If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.
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Thomas Sowell (Knowledge and Decisions)
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If you have been voting for politicians who promise to give you goodies at someone else's expense, then you have no right to complain when they take your money and give it to someone else, including themselves.
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Thomas Sowell
“
Can you cite one speck of hard evidence of the benefits of "diversity" that we have heard gushed about for years? Evidence of its harm can be seen — written in blood — from Iraq to India, from Serbia to Sudan, from Fiji to the Philippines. It is scary how easily so many people can be brainwashed by sheer repetition of a word.
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Thomas Sowell
“
Liberals seem to assume that, if you don’t believe in their particular political solutions, then you don’t really care about the people that they claim to want to help.
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Thomas Sowell
“
Don't you get tired of seeing so many "non-conformists" with the same non-conformist look?
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Thomas Sowell (Ever Wonder Why? And Other Controversial Essays)
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The welfare state is the oldest con game in the world. First you take people's money away quietly and then you give some of it back to them flamboyantly.
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Thomas Sowell
“
One of the first things taught in introductory statistics textbooks is that correlation is not causation. It is also one of the first things forgotten.
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Thomas Sowell (The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy)
“
Each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it is too late.
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Thomas Sowell (A Conflict of Visions: Ideological Origins of Political Struggles)
“
Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed.
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Thomas Sowell (Basic Economics: A Citizen's Guide to the Economy)
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To believe in personal responsibility would be to destroy the whole special role of the anointed, whose vision casts them in the role of rescuers of people treated unfairly by “society”.
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Thomas Sowell (The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy)
“
Whenever someone refers to me as someone "who happens to be black," I wonder if they realize that both my parents are black. If I had turned out to be Scandinavian or Chinese, people would have wondered what was going on.
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Thomas Sowell
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Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.
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Thomas Sowell (Basic Economics: A Citizen's Guide to the Economy)
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What is ominous is the ease with which some people go from saying that they don't like something to saying that the government should forbid it. When you go down that road, don't expect freedom to survive very long.
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Thomas Sowell
“
When people are presented with the alternatives of hating themselves for their failure or hating others for their success, they seldom choose to hate themselves.
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Thomas Sowell (Black Rednecks & White Liberals)
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Hilary Clinton said you know, it takes a village to raise a child and somebody said it takes a village idiot to believe that … it is part of the whole thing of third parties wanting to make decisions for which they pay no price for when they’re wrong.
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Thomas Sowell
“
People who enjoy meetings should not be in charge of anything.
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Thomas Sowell (Ever Wonder Why? And Other Controversial Essays)
“
A society that puts equality—in the sense of equality of outcome—ahead of freedom will end up with neither equality nor freedom. The use of force to achieve equality will destroy freedom, and the force, introduced for good purposes, will end up in the hands of people who use it to promote their own interests.
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Thomas Sowell (The Quest for Cosmic Justice)
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Extrapolations are the last refuge of a groundless argument.
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Thomas Sowell (The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy)
“
Everyone may be called "comrade," but some comrades have the power of life and death over other comrades.
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Thomas Sowell (Knowledge and Decisions)
“
Ronald Reagan had a vision of America. Barack Obama has a vision of Barack Obama.
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Thomas Sowell (Dismantling America: and other controversial essays)
“
Reality does not go away when it is ignored.
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Thomas Sowell (Intellectuals and Society)
“
As an entrepreneur in India put it: 'Indians have learned from painful experience that the state does not work on behalf of the people. More often than not, it works on behalf of itself.
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Thomas Sowell (Basic Economics: A Citizen's Guide to the Economy)
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If facts, logic, and scientific procedures are all just arbitrarily "socially constructed" notions, then all that is left is consensus--more specifically peer consensus, the kind of consensus that matters to adolescents or to many among the intelligentsia.
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Thomas Sowell (Intellectuals and Society)
“
One of the common failings among honorable people is a failure to appreciate how thoroughly dishonorable some other people can be, and how dangerous it is to trust them.
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Thomas Sowell
“
No matter how much people on the left talk about compassion, they have no compassion for the taxpayers.
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”
Thomas Sowell (The Thomas Sowell Reader)
“
People will forgive you for being wrong, but they will never forgive you for being right—especially if events prove you right while proving them wrong.
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Thomas Sowell (Is Reality Optional? And Other Essays)
“
If people in the media cannot decide whether they are in the business of reporting news or manufacturing propaganda, it is all the more important that the public understand that difference, and choose their news sources accordingly.
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”
Thomas Sowell
“
The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
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”
Thomas Sowell
“
I am so old that I can remember when other people’s achievements were considered to be an inspiration, rather than a grievance.
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Thomas Sowell
“
No government of the left has done as much for the poor as capitalism has. Even when it comes to the redistribution of income, the left talks the talk but the free market walks the walk.
What do the poor most need? They need to stop being poor. And how can that be done, on a mass scale, except by an economy that creates vastly more wealth? Yet the political left has long had a remarkable lack of interest in how wealth is created. As far as they are concerned, wealth exists somehow and the only interesting question is how to redistribute it.
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Thomas Sowell (Controversial Essays)
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No one chooses which culture to be born into or can be blamed for how that culture evolved in past centuries.
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Thomas Sowell (Black Rednecks and White Liberals)
“
Mystical references to 'society' and its programs to 'help' may warm the hearts of the gullible but what it really means is
putting more power in the hands of bureaucrats.
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Thomas Sowell
“
Some things are believed because they are demonstrably true, but many other things are believed simply because they have been asserted repeatedly and repetition has been accepted as a substitute for evidence.
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Thomas Sowell
“
The concept of “microaggression” is just one of many tactics used to stifle differences of opinion by declaring some opinions to be “hate speech,” instead of debating those differences in a marketplace of ideas. To accuse people of aggression for not marching in lockstep with political correctness is to set the stage for justifying real aggression against them.
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Thomas Sowell
“
Whatever we wish to achieve in the future, it must begin by knowing where we are in the present- not where we wish we were, or where we wish others to think we are, but where we are in fact.
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Thomas Sowell (Economic Facts and Fallacies)
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The New York Times’ long-standing motto, “All the News That’s Fit to Print” should be changed to reflect today’s reality: “Manufacturing News to Fit an Ideology.
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Thomas Sowell (Dismantling America: and other controversial essays)
“
Age gives you an excuse for not being very good at things that you were not very good at when you were young.
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Thomas Sowell (The Thomas Sowell Reader)
“
Racism is not dead, but it is on life support – kept alive by politicians, race hustlers and people who get a sense of superiority by denouncing others as ‘racists
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”
Thomas Sowell
“
No one will really understand politics until they understand that politicians are not trying to solve our problems. They are trying to solve their own problems—of which getting elected and re-elected are number one and number two. Whatever is number three is far behind.
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Thomas Sowell (Dismantling America: and other controversial essays)
“
What then is the intellectual advantage of civilization over primitive savagery? It is not necessarily that each civilized man has more knowledge but that he requires far less.
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Thomas Sowell (Knowledge and Decisions)
“
No-one is equal to anything. Even the same man is not equal to himself on different days.
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Thomas Sowell
“
For the anointed, traditions are likely to be seen as the dead hand of the past, relics of a less enlightened age, and not as the distilled experience of millions who faced similar human vicissitudes before.
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Thomas Sowell
“
What sense would it make to classify a man as handicapped because he is in a wheelchair today, if he is expected to be walking again in a month, and competing in track meets before the year is out? Yet Americans are generally given 'class' labels on the basis of their transient location in the income stream. If most Americans do not stay in the same broad income bracket for even a decade, their repeatedly changing 'class' makes class itself a nebulous concept. Yet the intelligentsia are habituated, if not addicted, to seeing the world in class terms.
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Thomas Sowell (The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy)
“
Weighing benefits against costs is the way most people make decisions — and the way most businesses make decisions, if they want to stay in business. Only in government is any benefit, however small, considered to be worth any cost, however large.
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Thomas Sowell
“
The media are less a window on reality, than a stage on which officials and journalists perform self-scripted, self-serving fictions.
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Thomas Sowell (The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy)
“
Envy was once considered to be one of the seven deadly sins before it became one of the most admired virtues under its new name, 'social justice'.
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Thomas Sowell (The Quest for Cosmic Justice)
“
You cannot take any people, of any color, and exempt them from the requirements of civilization -- including work, behavioral standards, personal responsibility and all the other basic things that the clever intelligentsia disdain -- without ruinous consequences to them and to society at large.
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Thomas Sowell
“
It was Thomas Edison who brought us electricity, not the Sierra Club. It was the Wright brothers who got us off the ground, not the Federal Aviation Administration. It was Henry Ford who ended the isolation of millions of Americans by making the automobile affordable, not Ralph Nader. Those who have helped the poor the most have not been those who have gone around loudly expressing 'compassion' for the poor, but those who found ways to make industry more productive and distribution more efficient, so that the poor of today can afford things that the affluent of yesterday could only dream about.
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Thomas Sowell
“
As history has also shown, especially in the twentieth century, one of the first things an ideologue will do after achieving absolute power is kill.
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Thomas Sowell (The Quest for Cosmic Justice)
“
The question is not what anybody deserves. The question is who is to take on the God-like role of deciding what everybody else deserves. You can talk about “social justice” all you want. But what death taxes boil down to is letting politicians take money from widows and orphans to pay for goodies that they will hand out to others, in order to buy votes to get reelected. That is not social justice or any other kind of justice.
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Thomas Sowell (Controversial Essays)
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Clearly, only very unequal intellectual and moral standing could justify having equality imposed, whether the people want it or not, as Dworkin suggests, and only very unequal power would make it possible.
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Thomas Sowell (A Conflict of Visions: Ideological Origins of Political Struggles)
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The only people I truly envy are those who can play a musical instrument and those who can eat anything they want without gaining weight.
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Thomas Sowell
“
The fatal attraction of government is that it allows busybodies to impose decisions on others without paying any price themselves. That enables them to act as if there were no price, even when there are ruinous prices - paid by others.
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Thomas Sowell
“
The reason so many people misunderstand so many issues is not that these issues are so complex, but that people do not want a factual or analytical explanation that leaves them emotionally unsatisfied.
They want villains to hate and heroes to cheer - and they don't want explanations that fail to give them that.
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Thomas Sowell (Dismantling America)
“
…the very commonness of common sense makes it unlikely to have any appeal to the anointed. How can they be wiser and nobler than everyone else while agreeing with everyone else?
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Thomas Sowell (The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy)
“
The government is indeed an institution, but "the market" is nothing more than an option for each individual to chose among numerous existing institutions, or to fashion new arrangements suited to his own situation and taste.
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Thomas Sowell (Knowledge and Decisions)
“
Slippery use of the word “privilege” is part of a vogue of calling achievements “privileges”—a vogue which extends far beyond educational issues, spreading a toxic confusion in many other aspects of life.
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Thomas Sowell (Wealth, Poverty and Politics: An International Perspective)
“
Many on the political left are so entranced by the beauty of their vision that they cannot see the ugly reality they are creating in the real world.
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Thomas Sowell
“
Among the many other questions raised by the nebulous concept of “greed” is why it is a term applied almost exclusively to those who want to earn more money or to keep what they have already earned—never to those wanting to take other people’s money in taxes or to those wishing to live on the largesse dispensed from such taxation. No amount of taxation is ever described as “greed” on the part of government or the clientele of government.
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Thomas Sowell (The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy)
“
It is far easier to concentrate power than to concentrate knowledge. That is why so much social engineering backfires and why so many despots have led their countries into disasters.
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Thomas Sowell (Intellectuals and Society)
“
The history of which peoples, nations, or civilizations have conquered or enslaved which other peoples, nations, or civilizations has been largely a history of who has been in a position to do so.
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Thomas Sowell (Black Rednecks and White Liberals)
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Seldom do people think things through foolishly. More often, they do not bother to think things through at all, so that even brainy individuals can reach untenable conclusions because their brainpower means little if it is not deployed and applied.
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Thomas Sowell (Basic Economics: A Common Sense Guide to the Economy)
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I think we're raising whole generations who regard facts as more or less optional.
We have kids in elementary school who are being urged to take stands on political issues, to write letters to congressmen and presidents about nuclear energy.
They're not a decade old, and they're being thrown these kinds of questions that can absorb the lifetime of a very brilliant and learned man. And they're being taught that it's important to have views, and they're not being taught that it's important to know what you're talking about.
It's important to hear the opposite viewpoint, and more important to learn how to distinguish why viewpoint A and viewpoint B are different, and which one has the most evidence or logic behind it. They disregard that. They hear something, they hear some rhetoric, and they run with it.
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Thomas Sowell
“
It takes no more research than a trip to almost any public library or college to show the incredibly lopsided coverage of slavery in the United States or in the Western Hemisphere, as compared to the meager writings on even larger number of Africans enslaved in the Islamic countries of the Middle East and North Africa, not to mention the vast numbers of Europeans also enslaved in centuries past in the Islamic world and within Europe itself. At least a million Europeans were enslaved by North African pirates alone from 1500 to 1800, and some Europeans slaves were still being sold on the auction blocks in the Egypt, years after the Emancipation Proclamation freed blacks in the United States.
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Thomas Sowell (Black Rednecks and White Liberals)
“
What all these lofty and vague phrases boil down to is that the court can impose things that the voters don't want and the Constitution does not require, but which are in vogue in circles to which the court responds.
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Thomas Sowell (Knowledge and Decisions)
“
A society in which such decisions can only be made by males has thrown away half of its knowledge, talents, and insights.
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Thomas Sowell (Basic Economics: A Common Sense Guide to the Economy)
“
Suppose you are wrong? How would you know? How would you test for that possibility?
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Thomas Sowell (The Thomas Sowell Reader)
“
Various mental tests or scholastic tests have been criticized as unfair because different groups perform very differently on such tests. But one reply to critics summarized the issue succinctly: “The tests are not unfair. Life is unfair and the tests measure the results.
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Thomas Sowell (Intellectuals and Society)
“
People are all born ignorant but they are not born stupid. Much of the stupidity we see today is induced by our educational system, from the elementary schools to the universities. In a high-tech age that has seen the creation of artificial intelligence by computers, we are also seeing the creation of artificial stupidity by people who call themselves educators.
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Thomas Sowell (Dismantling America: and other controversial essays)
“
[beware that] “many of what are called social problems are differences between the theories of intellectuals and the realities of the world—differences which many intellectuals interpret to mean that it is the real world that is wrong and needs changing.
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Thomas Sowell (Intellectuals and Society)
“
prices are not costs. Prices are what pay for costs.
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Thomas Sowell (Basic Economics: A Common Sense Guide to the Economy)
“
What is called an educated person is often someone who has had a dangerously superficial exposure to a wide spectrum of subjects.
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”
Thomas Sowell (Ever Wonder Why? and Other Controversial Essays)
“
Thomas Sowell once wrote, “Nobody is equal to anybody. Even the same man is not equal to himself on different days.
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”
Michael Malice (The New Right: A Journey to the Fringe of American Politics)
“
Despite whatever the left may say, or even believe, about their concern for the poor, their actual behavior shows their interest in the poor to be greatest when the poor can be used as a focus of the left’s denunciations of society.
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Thomas Sowell (Dismantling America: and other controversial essays)
“
Justice at all costs' is not justice.
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Thomas Sowell (The Quest for Cosmic Justice)
“
Failure is part of the natural cycle of business. Companies are born, companies die, capitalism moves forward. Fortunemagazine{115}
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Thomas Sowell (Basic Economics: A Common Sense Guide to the Economy)
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The only way anyone can have a right to something that has to be produced is to force someone else to produce it for him. The more things are provided as rights, the less the recipients have to work and the more others have to carry their load.
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Thomas Sowell (The Thomas Sowell Reader)
“
Perhaps the most important thing about risk is its inescapability. Particular individuals, groups, or institutions may be sheltered from risk - but only at the cost of having someone else bear that risk. For a society as a whole, there is no someone else.
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Thomas Sowell (Basic Economics: A Citizen's Guide to the Economy)
“
Ours may become the first civilization destroyed, not by the power of our enemies, but by the ignorance of our teachers and the dangerous nonsense they are teaching our children. In an age of artificial intelligence, they are creating artificial stupidity.
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Thomas Sowell
“
However much history may be invoked in support of these policies (affirmative action), no policy can apply to history but can only apply to the present or the future. The past may be many things, but it is clearly irrevocable. Its sins can no more be purged than its achievements can be expunged. Those who suffered in centuries past are as much beyond our help as those who sinned are beyond our retribution.
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Thomas Sowell (Civil Rights: Rhetoric or Reality?)
“
Nada es más fácil que tener buenas intenciones. Pero cuando no se entiende cómo funciona una economía, las buenas intenciones pueden llevar a consecuencias desastrosas
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Thomas Sowell (Economía básica: Un manual de economía escrito desde el sentido común)
“
The purpose of education is to give the student the intellectual tools to analyze, whether verbally or numerically, and to reach conclusions based on logic and evidence.
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Thomas Sowell (Inside American Education)
“
As a young Marxist in college during the 1950s heyday of the anti-Communist crusade led by Senator Joseph McCarthy, I had more freedom to express my views in class, without fear of retaliation, than conservative students have on many campuses today.
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Thomas Sowell
“
Freedom must be distinguished from democracy, with which it is often confused.
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Thomas Sowell (Conquests and Cultures: An International History)
“
Government “planning” is not an alternative to chaos. It is a pre-emption of other people’s plans.
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Thomas Sowell (The Thomas Sowell Reader)
“
Systemic processes tend to reward people for making decisions that turn out to be right—creating great resentment among the anointed, who feel themselves entitled to rewards for being articulate, politically active, and morally fervent.
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Thomas Sowell (The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy)
“
Where recyling takes place only in response to political pressures and exhortations, it need not meet the test of being incrementally worth its incremental costs. Accordingly, studies of government-imposed recycling programs in the United States have shown that what they salvage is usually worth less than the cost of salvaging it.
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Thomas Sowell (Applied Economics: Thinking Beyond Stage One)
“
Often it is those who are most critical of a “Eurocentric” view of the world who are most Eurocentric when it comes to the evils and failings of the human race.
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Thomas Sowell (Black Rednecks and White Liberals)
“
Many have blamed the gasoline shortages and long lines at filling stations in 1973 on the Arab Oil embargo of that year. However, the shortages and long lines began months before the Arab oil embargo, right after price controls were imposed.
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Thomas Sowell (Basic Economics: A Citizen's Guide to the Economy)
“
Economics is more than just a way to see patterns or to unravel puzzling anomalies. Its fundamental concern is with the material standard of living of society as a whole and how that is affected by particular decisions made by individuals and institutions. One of the ways of doing this is to look at economic policies and economic systems in terms of the incentives they create, rather than simply the goals they pursue. This means that consequences matter more than intentions—and not just the immediate consequences, but also the longer run repercussions of decisions, policies, and institutions.
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Thomas Sowell (Basic Economics: A Common Sense Guide to the Economy)
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Where beliefs are not checked against facts, but instead facts must meet the test of consonance with the prevailing vision, we are in the process of sealing ourselves off from feedback from reality. Heedless of the past, we are flying blind into the future.
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Thomas Sowell (Black Rednecks and White Liberals)
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Most officially “poor” Americans today have things that middle-class Americans of an earlier time could only dream about—including color TV, videocassette recorders, microwave ovens, and their own cars. Moreover, half of all poor households have air-conditioning.
Leftist redistribution of income could never accomplish that, because there are simply not enough rich people for their wealth to have such a dramatic effect on the living standards of the poor, even if it was all confiscated and redistributed. Moreover, many attempts at redistributing wealth in various countries around the world have ended up redistributing poverty.
After all, rich people can see the political handwriting on the wall, and can often take their money and leave the country, long before a government program can get started to confiscate it. They are also likely to take with them skills and entrepreneurial experience that are even harder to replace than the money.
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Thomas Sowell (Controversial Essays)
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There have always been ignorant people, but they haven't always had college degrees to make them unaware of their ignorance. Some people imagine that they are well informed because they have memorized a whole galaxy of trendy dogmas and fashionable attitudes.
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Thomas Sowell
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The essence of bigotry is denying others the same rights you claim for yourself. Green bigots are a classic example.
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Thomas Sowell (The Thomas Sowell Reader)
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It is scary how easily so many people can be brainwashed by sheer repetition of a word.
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Thomas Sowell (Dismantling America)
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It takes considerable knowledge just to realize the extent of our own ignorance.
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Thomas Sowell
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The cavemen had the same natural resources at their disposal as we have today, and the difference between their standard of living and ours is a difference between the knowledge they could bring to bear on those resources and the knowledge used today.
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Thomas Sowell (Knowledge and Decisions)
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Nothing could be more jolting and discordant with the vision of today's intellectuals than the fact that it was businessmen, devout religious leaders and Western imperialists who together destroyed slavery around the world. And if it doesn't fit their vision, it is the same to them as if it never happened.
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Thomas Sowell
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People who want special taxes or subsidies for particular things seem not to understand that what they are really asking for is for the prices to misstate the relative scarcities of things and the relative values that the users of these things put on them. One
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Thomas Sowell (Basic Economics: A Common Sense Guide to the Economy)
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the fact that crime and poverty are correlated is automatically taken to mean that poverty causes crime, not that similar attitudes or behavior patterns may contribute to both poverty and crime.
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Thomas Sowell (The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy)
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Have we reached the ultimate stage of absurdity where some people are held responsible for things that happened before they were born, while other people are not held responsible for what they themselves are doing today?
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Thomas Sowell
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The staunchest conservatives advocate a range of changes which differ in specifics, rather than in number or magnitude, from the changes advocated by those considered liberal…change, as such, is simply not a controversial issue. Yet a common practice among the anointed is to declare themselves emphatically, piously, and defiantly in favor of 'change.' Thus those who oppose their particular changes are depicted as being against change in general. It is as if opponents of the equation 2+2=7 were depicted as being against mathematics. Such a tactic might, however, be more politically effective than trying to defend the equation on its own merits.
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Thomas Sowell (The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy)
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Nothing is easier than to get peaceful people to renounce violence, even when they provide no concrete ways to prevent violence from others.
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Thomas Sowell (Intellectuals and Society)
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In short, numbers are accepted as evidence when they agree with preconceptions, but not when they don’t.
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Thomas Sowell (The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy)
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Have you gone crazy, Lefty?” “No. On the contrary, I have become educated.” “Sometimes that’s worse, these days.
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Thomas Sowell (The Thomas Sowell Reader)
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Nothing is more complex than avoiding the obvious
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Thomas Sowell (Compassion Versus Guilt and Other Essays)
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Too much of what is called 'education' is little more than an expensive isolation from reality.
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Thomas Sowell
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Such are the ways of politics, where the crusade of the hour often blocks out everything else, at least until another crusade comes along and takes over the same monopoly of our minds.
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Thomas Sowell (Black Rednecks and White Liberals)
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Alaska is much larger than France and Germany—combined. Yet its population is less than one-tenth that of New York City. Keep that in mind the next time you hear some environmentalist hysteria about the danger of “spoiling” Alaska by drilling for oil in an area smaller than Dulles Airport.
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Thomas Sowell (The Thomas Sowell Reader)
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The term “liberal” originally referred politically to those who wanted to liberate people—mainly from the oppressive power of government. That is what it still means in various European countries or in Australia and New Zealand. It is the American meaning that is unusual: People who want to increase the power of government, in order to accomplish various social goals.
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Thomas Sowell (The Thomas Sowell Reader)
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What is called “planning” in political rhetoric is the government’s suppression of other people’s plans by superimposing on them a collective plan, created by third parties, armed with the power of government and exempted from paying the costs that these collective plans impose on others.
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Thomas Sowell (Economic Facts and Fallacies)
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I have never known much good done by those who affected to trade for the public good.
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Thomas Sowell (A Conflict of Visions)
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As in the general society, fertility tends to be greatest where people are poorest: “The rich get richer, and the poor have children.” In
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Thomas Sowell (Ethnic America: A History)
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A fool can put on his coat better than a wise man can put it on for him.
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Thomas Sowell (Intellectuals and Society)
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Nowhere in the world do you find this evenness that people use as a norm. And I find it fascinating that they will hold up as a norm something that has never been seen on this planet, and regard as an anomaly something that is seen in country after country.
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Thomas Sowell
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Misconceptions of business are almost inevitable in a society where most people have neither studied nor run businesses. In a society where most people are employees and consumers, it is easy to think of businesses as “them” – as impersonal organizations, whose internal operations are largely unknown and whose sums of money may sometimes be so huge as to be unfathomable.
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Thomas Sowell (Basic Economics: A Citizen's Guide to the Economy)
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The vision of the anointed is one in which ills as poverty, irresponsible sex, and crime derive primarily from ‘society,’ rather than from individual choices and behavior. To believe in personal responsibility would be to destroy the whole special role of the anointed, whose vision casts them in the role of rescuers of people treated unfairly by ‘society.
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Thomas Sowell (The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy)
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In the United States, government regulations are estimated to cost about $7,800 per employee in large businesses and about $10,600 per employee in small businesses.{662} Among other things, this suggests that the existence of numerous government regulations tends to give competitive advantages to big business, since there are apparently economies of scale in complying with these regulations.
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Thomas Sowell (Basic Economics: A Common Sense Guide to the Economy)
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In short, rent control reduces the rate of housing turnover.
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Thomas Sowell (Basic Economics: A Common Sense Guide to the Economy)
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We should not be surprised to find the left concentrated in institutions where ideas do not have to work in order to survive.
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Thomas Sowell
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The crucial question is not whether evils exist but whether the evils of the past or present are automatically the cause of major economic, educational and other social disparities today. The bedrock assumption underlying many political or ideological crusades is that socioeconomic disparities are automatically somebody's fault, so that our choices are either to blame society or to 'blame the victim.' Yet whose fault are demographic differences, geographic differences, birth order differences or cultural differences that evolved over the centuries before any of us were born?
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Thomas Sowell (Discrimination and Disparities)
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Wrongs abound in times and places around the world - inflicted on, and perpetrated by, people of virtually every race, creed and color. But what can any society today hope to gain by having newborn babies in that society enter the word as heirs to prepackaged grievances against other babies born into that same society on the same day.
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Thomas Sowell (Discrimination and Disparities)
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practically every individual has some advantage over all others because he possesses unique information of which beneficial use might be made, but of which use can be made only if the decisions depending on it are left to him or are made with his active cooperation.
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Thomas Sowell (A Conflict of Visions)
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At a minimum, history shows how dangerous it can be, to a whole society, to automatically and incessantly attribute statistical differences in outcomes to malevolent actions against the less successful.
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Thomas Sowell (Discrimination and Disparities)
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Price controls almost invariably produce black markets, where prices are not only higher than the legally permitted prices, but also higher than they would be in a free market, since the legal risks must also be compensated. While small-scale black markets may function in secrecy, large-scale black markets usually require bribes to officials to look the other way.
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Thomas Sowell
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While “greed” is one of the most popular—and most fallacious—explanations of the very high salaries of corporate executives, when your salary depends on what other people are willing to pay you, you can be the greediest person on earth and that will not raise your pay in the slightest. Any serious explanation of corporate executives’ salaries must be based on the reasons for those salaries being offered, not the reasons why the recipients desire them.
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Thomas Sowell (Economic Facts and Fallacies)
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If you have no right to disapprove, then your approval means nothing. It may indeed be distressing to someone to have you express your opinion that his lifestyle is disgusting and his art, music or writing is crude, shallow, or repugnant, but unless you are free to reach such conclusions, any praise you bestow is hollow and suspect.
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Thomas Sowell (Inside American Education)
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This was possible only because the anti-slavery movement coincided with an era in which Western power and hegemony were at their zenith, so that it was essentially European imperialism which ended slavery. This idea might seem shocking, not because it does not fit the facts, but because it does not fit the prevailing vision of our time.
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Thomas Sowell (Black Rednecks & White Liberals)
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Abstract moral decisions are much easier to make on paper or in a classroom in later centuries than in the midst of the dilemmas actually faced by those living in very different circumstances, including serious dangers.
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Thomas Sowell (Black Rednecks & White Liberals)
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Treating the causes of higher prices and higher interest rates in low-income neighborhoods as being personal greed or exploitation, and trying to remedy it by imposing price controls and interest rate ceilings only ensures that even less will be supplied to people living in low-income neighborhoods thereafter.
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Thomas Sowell (Basic Economics: A Common Sense Guide to the Economy)
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Gun control zealots compare the United States and England to show that murder rates are lower where restrictions on ownership of firearms are more severe. But you could just as easily compare Switzerland and Germany, the Swiss having lower murder rates than the Germans, even though gun ownership is three times higher in Switzerland. Other countries with high rates of gun ownership and low murder rates include Israel, New Zealand, and Finland.
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Thomas Sowell (Ever Wonder Why? and Other Controversial Essays)
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A mere enumeration of government activity is evidence -- often the sole evidence offered -- of "inadequate" nongovernment institutions, whose "inability" to cope with problems "obviously" required state intervention. Government is depicted as acting not in response to its own political incentives and constraints but because it is compelled to do so by concern for the public interest: it "cannot keep its hands off" when so "much is at stake," when emergency "compels" it to supersede other decision making processes. Such a tableau simple ignores the possibility that there are political incentives for the production and distribution of "emergencies" to justify expansions of power as well as to use episodic emergencies as a reason for creating enduring government institutions.
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Thomas Sowell (Knowledge and Decisions)
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The costs of achieving justice matter. Another way of saying the same thing is that “justice at all costs” is not justice. What, after all, is an injustice but the arbitrary imposition of a cost—whether economic, psychic, or other—on an innocent person? And if correcting this injustice imposes another arbitrary cost on another innocent person, is that not also an injustice?
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Thomas Sowell (The Quest for Cosmic Justice)
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If you are not prepared to undergo the extended toil and sacrifice that some particular endeavor may require, then despite having all the native potential for great success in that endeavor, and with all the doors of opportunity wide open, you can nevertheless become an utter failure.
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Thomas Sowell (Discrimination and Disparities)
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Today, there are more people of Irish ancestry in the United States than in Ireland, more Jews than in Israel, more blacks than in most African countries. There are more people of Polish ancestry in Detroit than in most of the leading cities in Poland, and more than twice as many people of Italian ancestry in New York as in Venice.
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Thomas Sowell (Ethnic America: A History)
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The intelligentsia in the media can decide what to emphasize, what to downplay and what to ignore entirely when it comes to race. These may be individual choices, rather than a conspiracy, but individual choices growing out of a common vision of the world can produce results all too similar to what is produced by centralized censorship or propaganda.
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Thomas Sowell (Intellectuals and Race)
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. . ideology. . . is an instrument of power; a defense mechanism against information; a pretext for eluding moral constraints in doing or approving evil with a clean conscience; and finally, a way of banning the criterion of experience, that is, of completely eliminating or indefinitely postponing the pragmatic criteria of success and failure. —Jean-François Revel1
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Thomas Sowell (The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy)
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The monumental tragedies of the 20th century -- a world-wide Great Depression, two devastating World Wars, the Holocaust, famines killing millions in the Soviet Union and tens of millions in China -- should leave us with a sobering sense of the threats to any society. But this generation's ignorance of history leaves them free to be frivolous -- until the next catastrophe strikes, and catches them completely by surprise.
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Thomas Sowell
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Lamenting the vagaries of fate may leave us with a galling sense of helpless frustration, which many escape by transforming the tragedy of the human condition into the specific sins of specific societies. This turns an insoluble problem of cosmic justice into an apparently manageable issue of social justice. Since the sins of human beings are virtually inexhaustible, there is seldom a lack of examples of wrongdoing to which intergroup differences can be attributed, rightly or wrongly. Where the quest for injustice is over-riding, among the things it over-rides are logic and evidence.
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Thomas Sowell (Black Rednecks and White Liberals)
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Guns are completely inappropriate for the kind of sheep-like people the anointed envision or the orderly, prepackaged world in which they are to live. When you are in mortal danger, you are supposed to dial 911, so that the police can arrive on the scene some time later, identify your body, and file reports in triplicate.
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Thomas Sowell (The Thomas Sowell Reader)
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President Obama keeps telling us that he is “creating jobs.” But more and more Americans have no jobs. The unemployment rate has declined slightly, but only because many people have stopped looking for jobs. You are only counted as unemployed if you are still looking for a job.
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Thomas Sowell (Dismantling America: and other controversial essays)
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But that such an administration could be elected in the first place, headed by a man whose only qualifications to be President of the United States at a dangerous time in the history of the world were rhetoric, style and symbolism—and whose animus against the values and institutions of America had been demonstrated repeatedly over a period of decades beforehand—speaks volumes about the inadequacies of our educational system and the degeneration of our culture.
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Thomas Sowell (Dismantling America: and other controversial essays)
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To be sensitive, as ideologically defined, requires that one not merely accept but “affirm” other people’s way of life or even “celebrate” diversity in general. Like other demands for “sensitivity,” this demand offers no reason—unless fear of being disapproved, denounced, or harassed is a reason.
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Thomas Sowell (Inside American Education)
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Any serious consideration of the world as it is around us today must tell us that maintaining common decency, much less peace and harmony, among living contemporaries is a major challenge, both among nations and within nations. To admit that we can do nothing about what happened among the dead is not to give up the struggle for a better world, but to concentrate our efforts where they have at least some hope of making things better for the living.
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Thomas Sowell (Discrimination and Disparities)
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In short, honesty is more than a moral principle. It is also a major economic factor. While government can do little to create honesty directly, in various ways it can indirectly either support or undermine the traditions on which honest conduct is based. This it can do by what it teaches in its schools, by the examples set by public officials, or by the laws that it passes. These laws can create incentives toward either moral or immoral conduct. Where laws create a situation in which the only way to avoid ruinous losses is by violating the law, the government is in effect reducing public respect for laws in general, as well as rewarding specific dishonest behavior.
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Thomas Sowell (Basic Economics: A Common Sense Guide to the Economy)
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What was peculiar about the West was not that it participated in the worldwide evil of slavery, but that it later abolished that evil, not only in Western societies but also in other societies subject to Western control or influence. This was possible only because the anti-slavery movement coincided with an era in which Western power and hegemony were at their zenith, so that it was essentially European imperialism which ended slavery. This idea might seem shocking, not because it does not fit the facts, but because it does not fit the prevailing vision of our time.
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Thomas Sowell (Black Rednecks and White Liberals)
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Although Adam Smith is today often regarded as a “conservative” figure, he in fact attacked some of the dominant ideas and interests of his own times. Moreover, the idea of a spontaneously self-equilibrating system—the market economy—first developed by the Physiocrats and later made part of the tradition of classical economics by Adam Smith, represented a radically new departure, not only in analysis of social causation but also in seeing a reduced role for political, intellectual, or other elites as guides or controllers of the masses.
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Thomas Sowell (Basic Economics: A Common Sense Guide to the Economy)
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Should a professor of accounting or chemistry be fired for using up class time to sound off about homelessness or the war in Iraq? Yes! There is no high moral principle that prevents it. What prevents it are tenure rules that have saddled so many colleges with so many self-indulgent prima donnas who seem to think that they are philosopher kings, when in fact they are often grossly ignorant or misinformed outside the narrow confines of their particular specialty.
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Thomas Sowell
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Although the word 'economy' may bring the term money to the minds of many, the truth is that for the whole of society money is nothing more than an artificial instrument that allows real things to be done, otherwise , the government could make us all rich simply by printing more bills. It is not money but the volume of goods and services that determines whether a country is poor or prosperous.
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Thomas Sowell (Basic Economics: A Citizen's Guide to the Economy)
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The fundamental confusion that makes income bracket data and individual income data seem mutually contradictory is the implicit assumption that people in particular income brackets at a given time are an enduring “class” at that level. If that were true, then trends over time in comparisons between income brackets would be the same as trends over time between individuals. Because that is not the case, the two sets of statistics lead not only to different conclusions but even opposite conclusions.
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Thomas Sowell (Basic Economics: A Common Sense Guide to the Economy)
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White liberals, instead of comparing what has happened to the black family since the liberal welfare state policies of the 1960s were put into practice, compare black families to white families and conclude that the higher rates of broken homes and unwed motherhood among blacks are due to “a legacy of slavery.” But why the large-scale disintegration of the black family should have begun a hundred years after slavery is left unexplained. Whatever the situation of the black family relative to the white family, in the past or the present, it is clear that broken homes were far more common among blacks at the end of the twentieth century than they were in the middle of that century or at the beginning of that century —even though blacks at the beginning of the twentieth century were just one generation out of slavery. The widespread and casual abandonment of their children, and of the women who bore them, by black fathers in the ghettos of the late twentieth century was in fact a painfully ironic contrast with what had happened in the immediate aftermath of slavery a hundred years earlier, when observers in the South reported desperate efforts of freed blacks to find family members who had been separated from them during the era of slavery.
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Thomas Sowell (Black Rednecks and White Liberals)
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External explanations of black-white differences — discrimination or poverty, for example—seem to many to be more amenable to public policy than internal explanations such as culture. Those with this point of view tend to resist cultural explanations but there is yet another reason why some resist understanding the counterproductive effects of an anachronistic culture: Alternative explanations of economic and social lags provide a more satisfying ability to blame all such lags on the sins of others, such as racism or discrimination. Equally important, such external explanations require no painful internal changes in the black population but leave all changes to whites, who are seen as needing to be harangued, threatened, or otherwise forced to change.
In short, prevailing explanations provide an alibi for those who lag—and an alibi is for many an enormously valuable asset that they are unlikely to give up easily.
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Thomas Sowell (Black Rednecks and White Liberals)
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The really painful surprise is that so many people based their hopes on his words, rather than on the record of his deeds. What that means is that, even if we somehow manage to survive this man’s reckless economic policies at home and his potentially fatal foreign policy actions and inactions, the gullibility and fecklessness of those voters who put him in the White House will still be there to be exploited by the next master of glib demagoguery and emotional images, who can lead us into another vortex of dangers, from which there is no guarantee that we will emerge as a free people or even as a viable society.
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Thomas Sowell (Dismantling America: and other controversial essays)
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For most of human history, and for nearly all of the non-Western world prior to Western contact, freedom was, and for many still remains, anything but an obvious or desirable goal. Other values and ideals were, or are, of far greater importance to them—values such as the pursuit of glory, honor, and power for oneself or one’s family and clan, nationalism and imperial grandeur, militarism and valor in warfare, filial piety, the harmony of heaven and earth, the spreading of the “true faith,” nirvana, hedonism, altruism, justice, equality, material progress—the list is endless. But almost never, outside the context of Western culture and its influence, has it included freedom. Indeed, non-Western peoples have thought so little about freedom that most human languages did not even possess a word for the concept before contact with the West.
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Thomas Sowell (Black Rednecks & White Liberals)
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Despite widespread misconceptions in the United States today that the institution of slavery was based on race, for most of the thousands of years in which slavery existed around the world, it was based on whoever was vulnerable to enslavement and within striking distance. Thus Europeans enslaved other Europeans, just as Asians enslaved other Asians and Africans enslaved other Africans, while Polynesians enslaved other Polynesians and the indigenous peoples of the Western Hemisphere enslaved other indigenous peoples of the Western Hemisphere. The very word “slave" derived from the word for Slavs, who were enslaved by fellow Europeans for centuries before Africans began to be brought in chains to the Western Hemisphere. Africans were not singled out by a race for ownership by Europeans, they were resorted to after the rise of nation-states with armies and navies in other parts of the world which reduced the number of places that could be raided for slaves without great costs and risks. Slave-raiding continued in Africa, primarily by Africans enslaving other Africans and then, in West Africa, selling some of their slaves to whites to take to the Western Hemisphere. Meanwhile, the growing range of ships and the growing wealth of nations eventually made economically feasible the transportation of vast numbers of slaves from one continent to another, creating racial differences between the enslaved and their owners as a dominant pattern in the Western Hemisphere. Such a pattern was by no means limited to Europeans owning non-Europeans, however. There were many examples of the reverse, quite aside from vast regions of the earth where neither the slaves nor their owners were either black or white.
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Thomas Sowell
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To many people today, slavery means white people holding black people in bondage. The vast millions of people around the world who were neither white nor black, but who were either slaves or enslavers for centuries, fade out of this vision of slavery, as if they had never existed, even though they may well have outnumbered both blacks and whites. It has been estimated that there were more slaves in India than in the entire Western Hemisphere. China during the era of slavery has been described as “one of the largest and most comprehensive markets for the exchange of human beings in the world.” Slaves were a majority of the population in some of the cities in Southeast Asia. At some period or other in history, as John Stuart Mill pointed out, “almost every people, now civilized, have consisted, in majority, of slaves.
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Thomas Sowell (Intellectuals and Society)
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Talk about how various people have been “winners” in “the lottery of life” or have things that others don’t have just because they “happen to have money” is part of the delegitimizing of property as a prelude to seizing it.
Luck certainly plays a very large role in all our lives. But we need to be very clear about what that role is. Very few people just “happen” to have money. Typically, they have it because their fellow human beings have voluntarily paid them for providing some goods or services, which are valued more than the money that is paid for them. It is not a zero-sum game. Both sides are better off because of it—and the whole society is better off when such transactions take place freely among free and independent people.
Who can better decide the value of the goods and services that someone has produced than the people who actually use those goods and services—and pay for them with their own hard-earned money?
Luck may well have played a role in enabling some people to provide valuable goods and services. Others might have been able to do the same if they had been raised by better parents, taught in better schools or chanced upon someone who pointed them in the right direction. But you are not going to change that by confiscating the fruits of productivity. All you are likely to do is reduce that productivity and undermine the virtues and attitudes that create prosperity and make a free society possible.
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Thomas Sowell (Controversial Essays)
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If we wanted to be serious about evidence, we might compare where blacks stood a hundred years after the end of slavery with where they stood after 30 years of the liberal welfare state. In other words, we could compare hard evidence on “the legacy of slavery” with hard evidence on the legacy of liberals.
Despite the grand myth that black economic progress began or accelerated with the passage of the civil rights laws and “war on poverty” programs of the 1960s, the cold fact is that the poverty rate among blacks fell from 87 percent in 1940 to 47 percent by 1960. This was before any of those programs began.
Over the next 20 years, the poverty rate among blacks fell another 18 percentage points, compared to the 40-point drop in the previous 20 years. This was the continuation of a previous economic trend, at a slower rate of progress, not the economic grand deliverance proclaimed by liberals and self-serving black “leaders.”
Nearly a hundred years of the supposed “legacy of slavery” found most black children [78%] being raised in two-parent families in 1960. But thirty years after the liberal welfare state found the great majority of black children being raised by a single parent [66%]. Public housing projects in the first half of the 20th century were clean, safe places, where people slept outside on hot summer nights, when they were too poor to afford air conditioning. That was before admissions standards for public housing projects were lowered or abandoned, in the euphoria of liberal non-judgmental notions. And it was before the toxic message of victimhood was spread by liberals. We all know what hell holes public housing has become in our times. The same toxic message produced similar social results among lower-income people in England, despite an absence of a “legacy of slavery” there.
If we are to go by evidence of social retrogression, liberals have wreaked more havoc on blacks than the supposed “legacy of slavery” they talk about.
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Thomas Sowell
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Despite the massive intellectual feat that Marx's Capital represents, the Marxian contribution to economics can be readily summarized as virtually zero. Professional economics as it exists today reflects no indication that Karl Marx ever existed. This neither denies nor denigrates Capital as an intellectual achievement, and perhaps in its way the culmination of classical economics. But the development of modern economics had simply ignored Marx. Even economists who are Marxists typically utilize a set of analytical tools to which Marx contributed nothing, and have recourse to Marx only for ideological, political, or historical purposes.
In professional economics, Capital was a detour into a blind alley, however historic it may be as the centerpiece of a worldwide political movement. What is said and done in its name is said and done largely by people who have never read through it, much less followed its labyrinthine reasoning from its arbitrary postulates to its empirically false conclusions. Instead, the massive volumes of Capital have become a quasi-magic touchstone—a source of assurance that somewhere and somehow a genius "proved" capitalism to be wrong and doomed, even if the specifics of this proof are unknown to those who take their certitude from it.
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Thomas Sowell (Marxism: Philosophy and Economics)
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When I was an undergraduate studying economics under Professor Arthur Smithies of Harvard, he asked me in class one day what policy I favored on a particular issue of the times. Since I had strong feelings on that issue, I proceeded to answer him with enthusiasm, explaining what beneficial consequences I expected from the policy I advocated.
“And then what will happen?” he asked.
The question caught me off guard. However, as I thought about it, it became clear that the situation I described would lead to other economic consequences, which I then began to consider and to spell out.
“And what will happen after that?” Professor Smithies asked.
As I analyzed how the further economic reactions to the policy would unfold, I began to realize that these reactions would lead to consequences much less desirable than those at the first stage, and I began to waver somewhat.
“And then what will happen?” Smithies persisted.
By now I was beginning to see that the economic reverberations of the policy I advocated were likely to be pretty disastrous— and, in fact, much worse than the initial situation that it was designed to improve.
Simple as this little exercise might seem, it went further than most economic discussions about policies on a wide range of issues. Most thinking stops at stage one.
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Thomas Sowell (Applied Economics: Thinking Beyond Stage One)
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One of the many signs of verbal virtuosity among intellectuals is the repackaging of words to mean things that are not only different from, but sometimes the direct opposite of, their original meanings. 'Freedom' and 'power' are among the most common of these repackaged words. The basic concept of freedom as not being subjected to other people's restrictions, and of power as the ability to restrict other people's options have both been stood on their heads in some of the repackaging of these words by intellectuals discussing economic issues. Thus business enterprises who expand the public's options, either quantitatively (through lower prices) or qualitatively (through better products) are often spoken of as 'controlling' the market, whenever this results in a high percentage of consumers choosing to purchase their particular products rather than the competing products of other enterprises.
In other words, when consumers decide that particular brands of products are either cheaper or better than competing brands of those products, third parties take it upon themselves to depict those who produced these particular brands as having exercised 'power' or 'control.' If, at a given time, three-quarters of the consumers prefer to buy the Acme brand of widgets to any other brand, then Acme Inc. will be said to 'control' three-quarters of the market, even though consumers control 100 percent of the market, since they can switch to another brand of widgets tomorrow if someone else comes up with a better widget, or stop buying widgets altogether if a new product comes along that makes widgets obsolete.
....by saying that businesses have 'power' because they have 'control' of their markets, this verbal virtuosity opens the way to saying that government needs to exercise its 'countervailing power' (John Kenneth Galbraith's phrase) in order to protect the public. Despite the verbal parallels, government power is in fact power, since individuals do not have a free choice as to whether or not to obey government laws and regulations, while consumers are free to ignore the products marketed by even the biggest and supposedly most 'powerful' corporations in the world.
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Thomas Sowell (Intellectuals and Society)
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A very distinct pattern has emerged repeatedly when policies favored by the anointed turn out to fail. This pattern typically has four stages: STAGE 1. THE “CRISIS”: Some situation exists, whose negative aspects the anointed propose to eliminate. Such a situation is routinely characterized as a “crisis,” even though all human situations have negative aspects, and even though evidence is seldom asked or given to show how the situation at hand is either uniquely bad or threatening to get worse. Sometimes the situation described as a “crisis” has in fact already been getting better for years. STAGE 2. THE “SOLUTION”: Policies to end the “crisis” are advocated by the anointed, who say that these policies will lead to beneficial result A. Critics say that these policies will lead to detrimental result Z. The anointed dismiss these latter claims as absurd and “simplistic,” if not dishonest. STAGE 3. THE RESULTS: The policies are instituted and lead to detrimental result Z. STAGE 4. THE RESPONSE: Those who attribute detrimental result Z to the policies instituted are dismissed as “simplistic” for ignoring the “complexities” involved, as “many factors” went into determining the outcome. The burden of proof is put on the critics to demonstrate to a certainty that these policies alone were the only possible cause of the worsening that occurred. No burden of proof whatever is put on those who had so confidently predicted improvement. Indeed, it is often asserted that things would have been even worse, were it not for the wonderful programs that mitigated the inevitable damage from other factors. Examples of this pattern are all too abundant. Three will be considered here. The first and most general involves the set of social welfare policies called “the war on poverty” during the administration of President Lyndon B. Johnson, but continuing under other labels since then. Next is the policy of introducing “sex education” into the public schools, as a means of reducing teenage pregnancy and venereal diseases. The third example will be policies designed to reduce crime by adopting a less punitive approach, being more concerned with preventive social policies beforehand and rehabilitation afterwards, as well as showing more concern with the legal rights of defendants in criminal cases.
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Thomas Sowell (The Thomas Sowell Reader)
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The history of black workers in the United States illustrates the point. As already noted, from the late nineteenth-century on through the middle of the twentieth century, the labor force participation rate of American blacks was slightly higher than that of American whites. In other words, blacks were just as employable at the wages they received as whites were at their very different wages. The minimum wage law changed that. Before federal minimum wage laws were instituted in the 1930s, the black unemployment rate was slightly lower than the white unemployment rate in 1930. But then followed the Davis-Bacon Act of 1931, the National Industrial Recovery Act of 1933 and the Fair Labor Standards Act of 1938—all of which imposed government-mandated minimum wages, either on a particular sector or more broadly. The National Labor Relations Act of 1935, which promoted unionization, also tended to price black workers out of jobs, in addition to union rules that kept blacks from jobs by barring them from union membership. The National Industrial Recovery Act raised wage rates in the Southern textile industry by 70 percent in just five months and its impact nationwide was estimated to have cost blacks half a million jobs. While this Act was later declared unconstitutional by the Supreme Court, the Fair Labor Standards Act of 1938 was upheld by the High Court and became the major force establishing a national minimum wage. As already noted, the inflation of the 1940s largely nullified the effect of the Fair Labor Standards Act, until it was amended in 1950 to raise minimum wages to a level that would have some actual effect on current wages. By 1954, black unemployment rates were double those of whites and have continued to be at that level or higher. Those particularly hard hit by the resulting unemployment have been black teenage males. Even though 1949—the year before a series of minimum wage escalations began—was a recession year, black teenage male unemployment that year was lower than it was to be at any time during the later boom years of the 1960s. The wide gap between the unemployment rates of black and white teenagers dates from the escalation of the minimum wage and the spread of its coverage in the 1950s. The usual explanations of high unemployment among black teenagers—inexperience, less education, lack of skills, racism—cannot explain their rising unemployment, since all these things were worse during the earlier period when black teenage unemployment was much lower. Taking the more normal year of 1948 as a basis for comparison, black male teenage unemployment then was less than half of what it would be at any time during the decade of the 1960s and less than one-third of what it would be in the 1970s. Unemployment among 16 and 17-year-old black males was no higher than among white males of the same age in 1948. It was only after a series of minimum wage escalations began that black male teenage unemployment not only skyrocketed but became more than double the unemployment rates among white male teenagers. In the early twenty-first century, the unemployment rate for black teenagers exceeded 30 percent. After the American economy turned down in the wake of the housing and financial crises, unemployment among black teenagers reached 40 percent.
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Thomas Sowell (Basic Economics: A Common Sense Guide to the Economy)