MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Thomas Sowell’

Voters-From Cafe Hayek

Posted by M. C. on September 7, 2019

Quotation of the Day…

by DON BOUDREAUX on SEPTEMBER 5, 2019

in VIRGINIA POLITICAL ECONOMY

… is from page 120 of Thomas Sowell’s monumental 1980 volume, Knowledge and Decisions (original emphasis):

Voters can only choose process characteristics and hope for results. Consumers buy results and leave the process to those with specialized knowledge of such things.

DBx: This important point is so obvious when stated, yet it is ignored almost completely in discussions of democratic decision-making.

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Watch “Thomas Sowell on the Origins of Economic Disparities” on YouTube

Posted by M. C. on May 18, 2019

The best 46 minutes you will spend today.

“You can redistribute wealth but you can’t redistribute the capital it took to create that wealth”

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Discrimination and Disparities II – LewRockwell

Posted by M. C. on May 8, 2019

https://www.lewrockwell.com/2019/05/walter-e-williams/discrimination-and-disparities-ii/

By

Last week’s column discussed Dr. Thomas Sowell’s newest book “Discrimination and Disparities,” which is an enlarged and revised edition of an earlier version. In this review, I am going to focus on one of his richest chapters titled “Social Visions and Human Consequences.” Sowell challenges the seemingly invincible fallacy “that group outcomes in human endeavors would tend to be equal, or at least comparable or random, if there were no biased interventions, on the one hand, nor genetic deficiencies, on the other.” But disparate impact statistics carries the day among academicians, lawyers and courts as evidence of discrimination.

Sowell gives the example of blacks, who make up close to 70 percent of NFL and AFL players in professional football. Blacks are greatly overrepresented among star players but almost nonexistent among field goal kickers and punters. Probably the only reason why lawsuits are not brought against team owners is that the same people hire running backs and field goal kickers. One wonders whether anyone has considered the possibility that professional black players do not want to be punters and field goal kickers?…

The ratio of affirmative words to negative words was six to one with parents who had professional occupation.” By contrast, families on welfare used discouraging words more than two to one: words such as “Don’t,” “Stop,” “Quit,” and “Shut up.” Sowell sarcastically asks are we to believe that children raised in such different ways, many years before they reach an employer, a college admissions office or crime scene are the same in capabilities, orientation and limitations?

Social justice warriors ignore many differences that have little or nothing to do with discrimination but have an enormous impact on outcomes. Age is one of those factors. Median age differences between groups, sometimes of a decade or two will have an enormous impact on observed group outcomes. The median age for American Jews is slightly over 50 years old and that of Latinos is 28. Just on median age alone, would one be surprised at significant group income disparity and other differences related to age?

Sowell says that a single inconspicuous difference in circumstance can make a huge historical difference in human outcomes. During the 1840s, Ireland experienced a potato famine. Potatoes were the principle food of the Irish. That famine led to the deaths of a million people and caused 2 million to flee. The same variety of potato that was grown in Ireland was also grown in the U.S. with no crop failure. The source of Ireland’s crop failure has been traced to a fertilizer used on both sides of the Atlantic. The difference was that fertilizer contained a fungus that thrived in the mild and moist climate of Ireland but did not in the hot, dry climate of Idaho and other potato growing areas of the U.S. That one small difference caused massive human tragedy…

Morally neutral factors such as crop failures, birth order, geographic setting, and demographic or cultural differences are among the reasons why economic and social outcomes fail to fit the preconceived notions of “experts.”

The bottom line about Sowell’s new book, “Discrimination and Disparities,” is that it contains a wealth of data and analysis that turns much of the thinking of politicians, academicians, legal experts and judges into pure, unadulterated mush.

Be seeing you

mlk

 

 

 

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Thomas Sowell warns U.S. may not resist siren song of socialism: ‘I wouldn’t bet on it’

Posted by M. C. on March 6, 2019

“So many people today, including in the leading universities, don’t pay much attention to evidence,” he said. “When you see people starving in Venezuela and fleeing into neighboring countries and realize that this is a country that once had the world’s largest oil reserves, you realize that they’ve ruined a very good prospect with ideas that sounded good but didn’t turn out well.

https://www.washingtontimes.com/news/2019/mar/5/thomas-sowell-warns-us-may-not-resist-siren-song-o/

Mr. Sowell, a Marxist in his youth, made the remarks Tuesday while appearing with Fox Business Network’s David Asman.

“I do have a great fear that, in the long run, we may not make it,” Mr. Sowell said. “I hate to say that. The one thing that keeps me from being despairing is that we don’t know. There are so many things that we can’t possibly know. And so, we may make it, but I wouldn’t bet on it.”

The author said that time and time again, people adopt willful ignorance regarding socialism’s track record around the world…

Be seeing you

vene social

Is that Sean Penn?

 

 

 

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Raising Taxes — ‘Fair Share’ & the Rich | National Review

Posted by M. C. on October 1, 2017

Taxes are like climate change and war. They are a racket.

http://www.nationalreview.com/article/425829/what-democrats-mean-paying-your-fair-share-thomas-sowell

It is one of the many signs of the mindlessness of our times that all sorts of people declare that “the rich” are not paying their “fair share” in taxes, without telling us concretely what they mean by either “the rich” or “fair share.” Whether in politics or in the media, words are increasingly used, not to convey facts or even allegations of facts, but simply to arouse emotions. Undefined words are a big handicap in logic, but they are a big plus in politics, where the goal is not clarity but victory — and the votes of gullible people count just as much as the votes of people who have common sense.

More

Yah, MORE! That’s what I want, MORE!

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“The End Of Truth” – Hayek Saw It All Coming Over 70 Years Ago

Posted by M. C. on March 30, 2017

http://www.zerohedge.com/news/2017-03-28/end-truth-hayek-saw-it-all-coming-over-70-years-ago

 “Although the beliefs must be chosen for the people and imposed upon them, they must become their beliefs, a generally accepted creed which makes the individuals as far as possible act spontaneously in the way the planner wants. If the feeling of oppression in totalitarian countries is in general much less acute than most people in liberal countries imagine, this is because the totalitarian governments succeed to a high degree in making people think as they want them to.”[p.171]

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