Why Whites Are Rich and Blacks Poor - Thomas Sowell || Redistribution of Wealth
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- Опубліковано 28 бер 2024
- Why Whites Are Rich and Blacks Poor - Thomas Sowell || Redistribution of Wealth
Thomas Sowell on Income Disparities: Redistribution of Wealth || Wealth, Poverty and Politics
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Thomas Sowell is an American economist and political commentator. He taught economics at Cornell University, the University of California, Los Angeles, and since 1980 at the Hoover Institution at Stanford University, where he is currently a Senior Fellow.
This channel helps to promote his teachings and principles of economics and philosophy.
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📢𝗪𝗵𝘆 𝗥𝗲𝗽𝗮𝗿𝗮𝘁𝗶𝗼𝗻𝘀 𝗪𝗶𝗹𝗹 𝗗𝗲𝘀𝘁𝗿𝗼𝘆 𝗕𝗹𝗮𝗰𝗸 𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝗻𝘀 𝗙𝗼𝗿𝗲𝘃𝗲𝗿 - Thomas Sowell: ua-cam.com/video/wrd8IqUcnnI/v-deo.html
Clearly it depends on the form that reparations take
The lottery shows us that putting a large sum of cash in anyone's hand who has no experience handling it leads to disaster, regardless of their race. But there is a real need to right the disenfranchisement wrongs that have been perpetuated, and continue to be over the centuries.
You cannot be arrogant enough to believe that you "pulled yourself up by your own bootstraps"
You had doors opened for you that your fellow ethnic group has had slammed in their faces. Yes, you performed, but only after given the opportunity to do so.
Now you want to mock others for not being given the same opportunities.
Shame on you. You have become no more than a house servant.
Kick rocks!
Nah, just needed in to some order form. in the hands of intelligent people. For the people and picked by the people. Of our own. 🤷
White supremacist love and need anti-Black people to validate their racism. Sowell is a bad Jim crow joke
Hi Mr. Sowell, Really enjoy your videos. I've recently learned that Blacks (including freed slaves) were owners of slaves. How will "we" identify them and make them pay reparations?
I’m black, raised by a single mom in Section 8 who made $23k a year. I got a degree in engineering and now at age 27 I make $190k salary with $130k in savings excluding my retirement. Inherited zero dollars. Pick a field that is going to make you money and stop giving your money away to rich people. Be selfish with your money. Spend the least you can and make your money work for you.
You just said right there the secret to make money ✌️ i came to this country with little money after a few years suffering i realized i had to do what ypu just said. Pick up a job that i know its well paid , work hard, save all you can , live bellow your means and repeat now i have over 500k in only 5 years of grinding.
You don't act like a Black. Your world must have been a lonely world. That's what happen when you sell out.
What about the millions of blacks born of parents on drugs/ alcohol and generational trauma, rape, abuse, & neglect. You should know better by stating your section 8 up bringing. I am a black male raised by single mom in dc on welfare food stamps subsidies etc. I also broke the curse but mommy wasn’t a crackhead like my next door neighbor tho.
I’m a 68 year old White guy, I salute you young man. That’s how it’s done !
Aye moe u really block my comment 😂 snitch ur way to the top brotha I didn’t even say anything hateful
Instant gratification is what keeps many people poor.
Many Black Americans are held down specifically by genuine injustices! Today, most specific injustices imposed against Black Americans are highly COVERT practices in order to evade legal liability!
Poor in more than one way.
Bingo -- great comment!
This is SO right.
Really?
What of a youngster born prematurely to a drug addicted mother?
He will likely do poorly in a school and thus be poor, the cycle of poverty
What poor choice did he make?!?!
I’m a white male born in poverty. Though I’m not rich, I’m miles better off than I was. This is due to determination and education.
You can sit back and complain about your situation or you can do something about it.
If you want to understand the problem...
Just start asking everyone you meet:
_"How would you FEEL if you did not have Breakfast this morning"._
Now, except for a few situations, such as myself that don't eat breakfast, you'll be able to parse people into two interesting groups.
Look up black Wall Street
So, the opportunities you have had are solely created by your determination and education, and did you create the education you had too?
@@riesjart1000 create the education?
I would say I created the situation. I did without to pay for my education.
That's racist....
I was raised by a single mom making minimum wage. I worked hard, went to school on scholarships and am now a retired millionaire. Sometimes it takes a generation to break the cycle of poverty but I’m proof it can be done.
She let him hit it raw?
I get smarter every time I listen to Thomas Sowell.
Me too!
@@vanyeldell1506Sewell is not smart. He only sounds smart to ignorant people. His statements are not based on fact, and they are not rooted in the soil of reality. If you want me to back up what I am saying, I can.
People don’t deserve equal income, you get what you work for
People deserve EQUAL PAY FOR EQUAL WORK!
In an ideal world yes, but a glass ceiling for women and only receiving 75 cents to a dollar for equal work by men is not fair as one example. There are also countless inequities due to other forms of discrimination preventing the ideal of equal income for equal work.
@@javiercastro8466I believe that statistic is a ratio of women’s earnings divided by all men’s earnings not average ratio taken in each job and job level
@@timdiorio9664 I do not have the Department of Labor methodology on how the number is obtained, but to be specific, women make 83 cents to every dollar earned by a man in the workforce for the same work.
@@javiercastro8466 Women aren’t men, and Latinos are not Caucasian.Caucasian made electricity, cars, phones.Latinos made tacos, and you should be paid in pesos Javier
We've gone from a land of opportunity to a land of entitlement. I once heard a lady being interviewed on TV, and I quote, "I don't believe I should be denied the things that I want, just because I can't afford them". This is the mentality that our welfare system has fostered, and it has become a disease infecting not only those in poverty, but many of our younger folks.
Bingo 👍🇨🇦
So you heard one person say something that you disagreed with and now all of a sudden everyone who is similarly situated folks that you have never met that are on welfare or have received welfare, and now they have to be reflective of that person's opinion.
So now you wanna characterize all of them based on one person's opinion. What if I did that to you? What if I heard someone make a statement that was reflective of who you are and I said that that person represents you and everyone in your particular racial, gender, and social economic group, how would you feel about that?
Would you think that's fair? Would you think I was being an ass for making such a broad generalization about people that I don't know and have never met?
I don't think sociologist conduct their business that way, and so unless you're a sociologist, you're entitled to your own opinions, but not your own facts and neither am I or anyone else.
So unless you want someone doing that to you, maybe you might wanna consider stop generalizing about all the people that you don't know, have never met and probably never will especially with that type of attitude. Cheers 🥂
The world sorely needs minds like Mr Sowell. Great interview.
Amen!
Don’t buy cars you can’t afford.
And silly spinning rims
2024 advice - don’t steal cars
@@skeezix8156 Don’t race cars carrying guns and drugs.
Dont buy anything you cant afford.
Or have babies you can't afford.
What many people do not understand is that nobody Deserves Anything. Absolutely Nothing. You Earn It. There Is No Free Lunch. Not Even Love Is Free. You Must Earn It too.
And Personal Presentation Is Everything. How You Walk, Talk, Cloth and Groom Yourself. It All Matters To The Eyes Of The World. The Sooner You Understand And Know That, The Better Off You Will Be In The Struggles Of Life. Life Is A Journey Of Struggles, Large And Small.
And Realizing The Opportunities As They Arive From Time To Time And To Seize That Opportunity As It Arises. And Or Create An Opportunity Of Your Own Making.
I wish someone would have told the founding fathers of america that maybe we would have a more sensible world by now.
That’s an excellent comment
I was born poor but had a great family cohesiveness. Me and all of my siblings worked hard to better ourselves and most of us were successful and live a better than our parents did. We had nothing given to us.
I was poor in the 1970's, but I fixed it by working hard, slowly building
with patience, smart budgeting, wisely investing and going into business
for myself as a black man.
I watched people around me complain and do nothing about their poverty
so eventually I changed my surroundings and left behind the excuse makers
and surrounded myself with people with upward mobility and learned from
them the ins & outs of how to stay out of poverty.
Race has nothing to do with poverty. Your life choices & the company you
keep have everything to do with it. Winners stick with winners, losers stick
with losers.
I must disagree that race has nothing to do with poverty, black men where deliberately held back, I have experienced this in my 66 years. I remember at 16 my first part time job back in 1973, I worked at a tobacco factory at night, most of us were high school students, the manager would pick blacks to do more the physical labor while the white kids would get the pencil and paper jobs. So don't tell me race has nothing to do with poverty because you know nothing about being black, But you are right though you have to pull yourself up bye your bootstraps which I did. I find white people who say their is no discrimination, try living black for a day and you will see.
@@jamessutton9874 You sound like you're making excuses for black people to
stay poor. Black people are the only race that discourages other blacks from
being successful..
I've seen black people go to college and then go back to their hood just to see
their old drug dealer friends tell them they are acting "white" and shame them
for leaving "the hood" and these same black people throw parties for those
who get out of jail before celebrating them for opening up a legit business or
graduating college.
Again I repeat... race has nothing to do with it. Winners hang with winners.
Losers hang with losers. A successful black man has to leave behind his
old loser friends before he can be successful. If he cannot, then he repeats
the age old cycle that's been happening in his neighborhood.
@theharshtruth8563 Facts bro! 💯
@@jamessutton9874 Nah, you don't have a clue what you're talking about.
Success is for those who make an effort to get out of poverty.
Just turn on the TV and you can see that the majority of shooting
and robbery in 2024 is done by POC. They chose that route by their
own free will.
It says more about their addiction to poverty than it does about
race. Some of us black people put in the effort to escape poverty
and succeeded in doing it. I got my passport, left America & became
successful overseas so theharshtruth is right on the money on this one.
I am 78 years old and Hillbilly White. After experiencing the first integration of schools
in Maryland in 1962, and 25 years in the US Army, I can say with certainty Black Men
and Women with strong conservative and family values are the most successful
people I have ever had the opportunity to be associated with in life. Growing up
in Howard County Maryland in the 50's and 60's one of the wealthiest men in the
county was a man named Johnny Howard. He was a man my father loved to trade with.
Mr. Howard was a man with strong family ties, very religious and truly honest in
his dealings. He made his fortune raising hogs and buying choice central Maryland
real estate. Both investments made him a multi-millionaire years ago.
Johnny Howard was not white. He was a wonderful man and a credit to our Nation.
I love stories like that instead of the constant victimhood or I'm a minority it's the white man's fault.
God bless Mr Howard. I wish there were more like him in this world today.
Not taking accountability away from blacks like myself, but your comment falls largely flat and is purely anecdotal.
There is plenty of documentation of how wealth was taken from African Americans in the past, burned, stolen, conned by government and private entities solely based on color.
Most wealthy African Americans are not conservative, but liberal-leaning, with some conservative values.
Two things can be 👍
Mr. Howard practiced delayed gratification. He used profit from selling hogs to purchase real estate, not a Cadillac or other asset that soon became worthless.
Bro you think in your old age the problems given to blacks from whites, didn’t have a lasting affect? Enslavement for 300 plus years? That was pretty easy to deal with righ? Legalized r*ping of black women and children, that was easy to deal with right?
I love the example of Monopoly where everybody starts with the same amount, but in the end, somebody is going to be rich and somebody is going to be poor based on the decisions they make, and a bit of luck. It just illustrates that if you took all the money in the US and gave everybody the same amount, some would become rich and others poor within a short time.
I was born into a homeless family in post war England.
In those days there was very little state aid and we were expected to just get on with life.
It is so easy to blame everyone else for your poor life.
Get to work is my advice.
When an evil system ruins the lives of millions of Black Americans, that system must be blamed for what it has actually done! No one needs YOU to tell them to do the best that they can!
Well said!
You're riling the Communists. 😂
@@willharriman1881 Excuses for lack of IQ. Period.
You're in Britain. Different sitch.
"The world has never been a level playing field", i.e., the earth is not flat
By level playing field we mean that the rules of the game are the same for everyone. What you then achieve is up to the individual
The earth is not flat for anyone. That is a level playing field.
But your interpretation of the statement is biased by your perception that everyone has the same rights as you do. News flash, they don't
Now you are going to piss off the communists AND the flat earthers. 😄
@@dfitzerl Actually, yes they do. And if the case was they don't, then the "minorities" have it better than the whites do. They can get into schools faster, get government help faster. If a poor black and a poor white kid was applying to a school, the black kid would get in first. Good point is this. My niece went through nursing school. Because she had a job, has two kids and a husband, even though he doesn't work, and a home, she got no government help at all. Not one penny. She's got over $80,000 in school debt she's paying off. In her class, it was probably 3/4 black. Most of them didn't work, not even part time. They got everything handed to them. And you cannot tell me they couldn't find some kind of job. Don't get me wrong. I applaud these kids for bettering themselves. Bottom line is this. I know a lot of black people that have good jobs, own homes, got good cars. Just like I know a lot of white people that are very poor. Just like a lot of black people that are poor. If you do not do something to better yourself.... that's on you. Not society or the "white oppression." This country has more opportunities for EVERYONE. Not just one race of people. The government tries to keep this division going, and people keep buying into it. Think about it. They keep us divided, then we fight amongst ourselves while they sit in office doing absolutely nothing, and doing the big money grab. It's all political. Bottom line.
The "Pitcher" still gets to stand on a mound, and those not currently working can sit in the "dugout"
So true there is no flat earth, but there are very flat minds….
I was born in Britain just after World War 2, we were poor, food was rationed and times were hard. We didn't have electricity, or gas, no heating and an outside toilet shared by three other families. but then we were privileged
As someone who grew up in the 50’s my take on today’s problems in America is a breakdown within the family structure. approximately 70% of black children are born out of wedlock with limited father role models. We all suffer from this slide into the abyss
The biggest different between black people and everyone else is their resistance to cooperation. What can you accomplish if you don't cooperate? Nothing, except getting yourself into conflicts. But black people see cooperation as weakness, although it's just common sense.
I think Milton Freidman would be so honored to know that Dr Sowell is teaching economics to those that don't understand.
Wasn’t that his mentor?
@@JJ-jn7eiDr Sowell studied under Milton Friedman in his college years. It should also be noted that he was a Marxist during this time and still was when he finished. It wasn't until he got a job with the Government, did he truly understand the flaws of central planning and government control.
You will always have income inequality because one boy in 10th grade wants to go to medical school and the other wants to drop out, thereby insuring their incomes won’t be equal.
@@phyllisjohnson8456 SO true!
Most in the USA are clueless as to why we have been so blessed with so many advantages that other countries do not have.
What is sad, is those who fail in the US, do so due to mostly individual choices.
Yesss!
Yes, how stupid of me choose to live in the path of a forest fire. But my cousin was dumb too. He decided to live in the way of a tornado.
A thief believes that the stolen loot in his possession is a blessing. What else would he think? And why would he think otherwise? That is the way of a thief. That is his nature.
White people's gross, massive wrongdoings against Black Americans and native Americans played a vast role in creating the current economic disparities.
Yet if you tell the TRUTH, you get demonized and cancelled.....
I'm white from Italy and I inherited nothing from my parents. I studied and work since the age of 17 and eventually got a master's degree at 24. Then I moved to Asia and worked for different multinational companies up the CEO position. Now at 55 I run two companies and I enjoy a very nice lifestyle. Hard work, dedication, perseverance are the keys to improve your life.
It's often asserted that Black children (on average) don't have equal access to quality education compared to different groups. That's sort of true, but the dynamics are complicated. Despite heroic and sincere efforts to provide for the needs of Black children, predominantly Black schools tend to under perform. When we honestly try to figure out why this happens, we aren't allowed to identify the reasons for this since these explanations are unacceptable despite clear evidence that they are true. How can a problem be dealt with if we refuse to acknowledge the reality of the situation?
I attended predominantly black public schools K-12 and although the populous of the schools were predominantly black, the majority of the teachers and staff were white. Nearly 70% of grade school teachers in urban communities were white women when I was a youth. Why didn’t these white women of all ages teach in their own communities? I have never known any text books on any subject being constructed or published by blacks nor any curriculum that is implemented in any school district in America. The question is why is the curriculum so different from schools in the “ghetto” vs. schools in rural communities when the curriculum is constructed and prepared mainly by whites? Even the food in the cafeterias are “better” in rural areas, as well as the playgrounds, gymnasiums, school buses, etc. Thomas Sowell is an extremely intelligent man but he makes it a priority every time he speaks to not hold whites accountable for their heinous actions whether past or present towards blacks and other minorities in America.
They underperform because those schools are dangerous. I've met teachers who taught in the wards of Houston, and they recounted stories about how students threatened teachers all the time. For whatever reason, being intelligent and studying hard is stigmatized in those communities. Fix their culture, and I bet good money that you will fix their problems.
@svendays you mean eliminate the "authenticity card".
It's hard to "fix" when it's SPLATTERED everywhere, including by you.
I really love the last sentence in your comment .
In general people hate it when you tell them what they're doing wrong even your own little children have to be told very nicely 😂
@@svendays Several commentators spoke of how the black community has poor examples that they raise up for heroes. They don't use well educated, successful blacks as heroes rather they use rappers who use horrific lyrics in their songs, criminals and self centered athletes
Great line.
You can’t measure opportunities by outcomes.
In many cases, you can definitely "measure opportunities by outcomes". In legal terms, it means personnel who are "similarly situated". That is personnel with the same qualifications, job titles, job tasks, job results, etc. When "similarly situated" personnel have unequal pay rates, it's ILLEGAL!
I grew up poor in rural Alabama, I have a G.E.D and a CDL and am about to go into business for myself and as a company driver I made 65,000 to 80,000 a year , My Choices got me to the position I'm in Nothing Else
Start practicing birth control. Instead of getting pregnant over and over finish school and make something of yourself. Kids growing up in poverty have no chance at life. It's death or prison. The numbers don't lie.
The ugly fact of continuing injustices against Black Americans has nothing to do with single mothers. NOTHING AT ALL!
All m'y respect to this great man...
Some work, some work the system.
Low IQ and lack of impulse control / reasoning skills is the norm with this "demographic". It needs to be discussed more. Sowell doesn't suffer from it, but 95% of his people do.
What people need to learn is how to save money and only buy something that appreciates in value with borrowed money. Only exception to this rule is buying a car. But with that said by want you need in a car not what you want. People have done a terrible job of teaching the difference between wants and needs today. You need basic transportation to get to work and that doesn’t come with leather seats and air conditioning.
I have rust holes you could fit soft balls through but a fat savings account.
@@hoppes9658 You must invest, not save!
I worked in SE Africa. The native people had a history of kindness.
But what I exoerienced so debilitating for them was the heat, diseases that come on suddenly, the snakes and mosquitoes, the lack of proper drinking water, its men leaving their wives and children for work elsewhere, many not returning. To survive it was a miracle. They hold on to ancient traditions because it helped them to survive, thus development toook a long time.
It's amazing how every time there's an objective way of measuring ability (like sports, poker, etc), nobody complains about differences of achievement.
It's verifiable with no room for opinion.
If they did we would have affirmative action for basketball. 🏀
@@mrjeffjob No. We just have affirmative action for basketball salaries.
They only don't complain if the POC's are good at it!
@@darrennew8211 Two of the top twenty highest-paid NBA players are white.
Sowell is underappreciated.
"famous underappreciated people" Ok
Sowell is DELUSIONAL!
One of the GREATEST MINDS on micro/macro-economics. Love the man and his intellectual prowess.
I have read 5 of Thomas Sowell books and they are without doubt some of the most informative books I have ever read. The man is a treasure to the world.
I am the child of immigrant Cuban patents who only had a third grade education and came to the US with only the clothes on their backs and few dollars in the late 50s. I grew up on the West side of NYC then NJ in poor working class neighborhoods. I worked to get a college degree and got my pilots licenses. I am retiring this year as a very well off captain of a major airline and will be starting a job as an instructor for corporate jet company. The story of my whole family is similar. GOD bless America for the opportunities it gave my family. Non of my family got hand outs.
I wish everybody in America could get a steady dose of Thomas soul into their lives. His life stories, and practical with he can change peoples lives. I wish I had found him sooner..
TS, A human treasure for the ages......
No more excuses for us black Americans ❤do for self
I have never cared why they are poor. I had cared why I was not rich yet
And Africans too
The actual problem was never just a matter of mere "excuses". The actual problem has always been RACE INJUSTICES!
No excuses for poor Whites...they out number poor Blacks in the US.
Lol! Do self and fight the system. Trust me. This guy hides alot of information on how the system is skewed.
I have a black female friend. My friend is a smart woman, she trades and does well. She put both her kids through University. One of her children is a professor at a major university heads the laboratory. The other is a CEO of a very well known multi National. Neither of her children have achieved anything near the wealth of their mother, she despairs, their income has virtually NEVER been less than 4 times her income in the first 20 years of her working life. They are both “addicted” to consumerism and conspicuous consumption. This is from intelligent, very highly educated, employed adults!
UA-cam forbids calling anything affecting a certain race for what it really is.
You’re correct, centuries of Slavery they should just “move on” despite all the numerous studies that shows the damage your ancestors have committed
🐒
@@kwamebushman606 Throughout history, most slaves were not black, and blacks sold most of the black slaves who ended up in the New World. Slavery is still practiced in Africa, by blacks.
The word "slave" means "Slav." It comes from the fact that people were so used to seeing Slavic (white) slaves.
@@kwamebushman606 The nightly news reflects what’s going on in the black community every day.
@@kwamebushman606 Exactly! And nobody can give a specific year when the oppression abuses actually ended... BECAUSE IT NEVER ACTUALLY ENDED!
Hustle beats luck and opportunity every time. Create your own luck.
That's crap just try outperforming Bill Gates children, you can't.
Poverty in the black community starts with single family households. Fix that problem and income will rise.
Shhhhhh, please don't say that. An inconvenient truth.
The government is partly to blame too. When the government rewards all women to get divorced and get child support, alimony, half of the man's assets and custody of the children by default, what woman doesn't want to get divorced? The man just becomes a resource for them.
You are speaking from a US perspective. Do you think Caribbean governments finance single mothers the way the US does? Single mother families are prevalent in the Caribbean.
Not single family. It’s single parent household.
@@hopexxxxx7129- NO, it’s A Mom who’s never been MARRIED household.
A Single Mother is raising a child alone because the Father is deceased. That’s why they have benefited through the state (SSI).
I have always loved Thomas Sowell’s common sense and logic. He is brilliant! One of the best minds currently alive! Not all whites are rich, and not all blacks are poor. Life choices, education(real, not government imposed) and one’s character have a large part to play.
The world is not a level playing field, a reality that so many fail to grasp.
Depends on your upbringing treat a child well with decency and respect he or she will turn out well regardless of race or financial situation. Treat the same child with scorn and disdain you can almost guarantee failure. Add in extreme poverty and slum housing very few can rise above that combination.
I like the Monopoly analogy at the end of the video. In Monopoly everybody is given the same amount of money from the bank to start with but they all end up with different outcomes by the end of the game based on their choices and their actions.
In life we're all given the same human body and human brain (except for birth defects) but we all have different outcomes by the end of the life.
It's ridiculous to pretend that white people's continuing wrongdoings played no role at all in creating the current economic disparities!
But as kids we are not given the same chances. You were born in a broken family in the hood, your chances are different than in a family oriented well established setting. The Monopoly analogy is severely flawed. I was born in a family where education mattered. My mom was constantly on top of us, and she gave up her career for us to flourish. I know for a fact that had I been born in a family where parents would not have cared (and those family are out there a LOT), I would not have been where I am now.
Sowell's theory that hasn't been proven true.
Sowell is a bootlick!
@@Imran-ShahNow you're selectively choosing what to compare with...
Because your assumption is EVERYONE born with fewer opportunities/chances is bound to fail. Well that's wrong because many successful people today came from broken homes, toxic parents and dangerous neighborhoods.
As matter of fact, many today have succeeded not inspite of those disadvantages but BECAUSE of them.
We never talk about how many rich kids end up as spoiled brats living off the success of their parents till it's worn out... They're spoiled brats who fail in life BECAUSE of the so called "better opportunities" they were born with.
So no, humans are not mere victims of their circumstances as Thomas Sowell points out very accurately. The fact is there are many who had your same opportunities and resources and are doing way better than you right now... Are you the victim or you simply didn't work hard enough?
NO ONE IN THIS COUNTRY! Can stop u from being successful but yourself!!
THOMAS SOWELL IS A TRUE GENIUS I LOVE HIM
The monopoly analogy at the end perfectly describes poverty in the West.
That comment is head on starting in grade school everyone in that class starts with the Exact same Opportunity to Behave Learn and Develop sadly as a Rule not the exception black children are unruly loud and at that young age resist Authorities. I was at easter egg with my grandson the poor just installed Mexican children at lease Behaved when asked to sit quitely
i saw a seattle high school cancelled it's gifted program as it was overrepresented by whites and asians...
"you can't measure opportunity by outcomes" - Dr. Sowell. Brilliant.
Once again, Dr. Sowell hits on geomorphology as a critical variable in outcomes. If you can't get out or have no motive to get out your opportunity pools are pretty small. And, someone else will make the gains in outcomes. It is profound how geomorphology and cultures so dominate the levels of wealth when you look at opportunity vs. outcomes..
Poverty in the black community is not only in America its in almost all black communities around the World. It's a mindset problem with black all over the world. Even in the wealthiest country, USA, blacks still in poverty, that says something.
Hundreds of years of continuing, unique and disfavored treatment was SPECIFICALLY directed against Black Americans under a white dominated system of power. THAT is the absolute primary factor that creates and maintains the huge economic disparity between white and Black Americans! Everything else is just minor secondary details after the fact!
@@willharriman1881 what did you expect....you think black people where brought to america to bé given a country.. slavery and oppression is human history...that should prevent people from getting the best out of themselves and thrive especially in America....
There is a thriving black middle class in America. What sets them apart is family, self-discipline, education and hard work.
No it’s not. If that were the case, every Black family in the United States would be living in property due to their mindset normalizing it. I can tell you from first hand experience, most of my family members, myself included, are not living in poverty. My wife and I have a household income that exceeds the median white family, and our net worth is higher than the median white family as well. Maybe you need to stop believing everything you see in tv, and get to know more of us here in the United States.
@@sfdint You might mean well, but you really don't know what you are talking about! You see a few visible tokens and you quickly ASSUME that all Black American failures are self created! Sorry, but you are PRETENDING that the white American system is suddenly totally innocent of oppression wrongdoings. MLK, Malcom X and many others clearly pointed out the problem. Stop trying to PRETEND the problem away!
Unfortunately, at the lower end of the spectrum, we Americans have become ingrates with our hands out for more and more and more free goodies….. This portion of Society, has lost the ability to appreciate ANYTHING!
We don't need handouts or lowered standards! We need serious enforcement of our civil rights! But that never happened!
The rich and powerful get free handouts all the time in terms of inflated government contracts, tax breaks and bailouts when they make poor business decisions and fail. People like you never rail about it. However, you show fake outrage when the poor need handouts to survive. What is wrong with you? Have you been so brainwashed as not to be able to think clearly?
@@willharriman1881what? What rights don’t you have? How is that why you’re not successful? Stop making excuses
@@dcg590 You cannot fix the systemic abuses simply by PRETENDING ! Obviously, there are circumstances where various Black Americans made bad life decisions and sabotaged themselves. But whether you like it or not... hard work, earnest study and merit cannot fix genuine systemic injustices! That's the actual problem with the white American system! The only real solution is as follows:
(1) PERSONNEL CHOSEN FOR MERIT IN FAIR COMPETITION. (2) ADVANCEMENT THROUGH MERIT.
Just forget about all the rest!
It saddens me to hear someone so intelligent promote the narrative that black people are solely responsible for their situation in America. It is not productive to engage in discussions with individuals who hold this viewpoint, yet I cannot help myself.
It is true that we are all shaped by our environments, regardless of our skin color. If you are white and raised in a disadvantaged area, you face steep obstacles on the path to success and the odds aren’t in your favor to make it out. However, if you are black and raised in such circumstances, the challenges are even greater due to additional hurdles like racial profiling, predatory lending, the not so subtle messaging that you’re expendable, and the intergenerational trauma that has impacted the community. Personally, I have faced the threat of gang violence on one side and police profiling on the other, being targeted because I 'fit the description.' It’s a real pressure cooker when you hit those teen years, especially when you’re a little nerdy which means you might get chased home by a gang one day and the police the next.
The playing field has never been level for anyone in America. While we cannot deny that modern-day issues exist, we should not overlook the lasting effects of centuries of government-sanctioned oppression.
How do you explain all the other races that have come to America and succeeded? America has created more black millionaires and billionaires than any other country.
@@user-hk9ny7qk9u Your argument is ridiculous! A few Blacks succeeded even at the height of Jim Crow segregation! That doesn't mean there was equal opportunity.
By pfp, notice there are hardly any black people in the comments. The speaker reminds me of my uncle. He was bullied by his own people as a teen and now has a chip on his shoulder as a grown adult…
The monopoly analogy is insane. Based on his follow the river analogy, the pieces wouldn’t start at the same point or follow the same board. Based on generational wealth, some players wouldn’t start with the same amount of money and couldn’t afford to invest in certain opportunities. The one with the most money to start and the best board (river to follow) would win almost 100% of the time! If the one with less to begin and a bad board to play on wins, it’s an anomaly or an outlier.
I’m all about accountability in the black community. But it’s sad this corner of the internet is designated to this type of confirmation bias.
Generational trauma is bullshit. We either all have it, or none of us do.
The goal should not be to ‘win’, or to be THE wealthiest person. The goal should be simple success… paying your own bills without assistance, and having true love and happiness.
The discussion of the importance of rivers also highlights an important reason why Africa is so poor.
My Grandma and Father retired from the same company. My Grandma died penniless and my father is worth over a million dollars. If you make the wrong decision every time you get a chance you will not accumulate wealth. If you make the right choices even with a mediocre income you can do well. You don’t have to agree but that doesn’t change that it’s a fact.
As a New Zealander i was staggered to learn the black soliders returning after the 2nd world war were denied housing loans. Thats a big handicap for the black boomers and their children
Racism unfortunately is sometimes hidden in plain sight. Black people get 5x the charge of other races on average for the same crimes as well.
However, the Welfare State & Civil Rights Act (1963 -1965) destroyed black families more so than any who were denied housing loans.
My white father never got any help from the government he was a ww2 vet
@@susandowler5271hope he's fine
Not all black soldiers were denied loans. Your comment makes it seem that was how it was.
The Monopoly analogy is excellent.
I don't agree. In real life we start off with very different resources available to us.
No comparison between someone with an expensive education and access to family capital versus most people.
The "just work hard" mantra is a distraction used by the wealthy to stay wealthy.
I was raised with enough money to have a roof, food, winter coat all the essentials. We had a great childhood. Never knew til college that we were lower middle class. I went to grad school, self paid, have a small home. Paid for, almost a million in the bank and I have been handed…nothing. You must work, save be sensible..have some treats but be vigilant.
Being rich and being poor is a mindset here in the United states.
If you work hard and save and invest in the right things, the sky is the limits!
But if you are brainwashed to look for handouts, give your money to the organizations that don't give back financially, like churches,🤔 think that you just need the bare minimum to survive or even better, waste your wealth constantly trying to keep up with the Jones and impress people that really don't care. You will continue to find yourself being of the lower class. 😮
Real rich people don't compete with one another, they don't have time for that nonsense and it doesn't make them any money! It just cost them money to compete. 🤔
So they continue to find ways to make more money and enjoy life. Like the saying goes "I got my mind on my money and my money on my mind "
Yes but what about the book, the richest man in Babylon, in which it it is stated that Babylon was one of the richest countries ever but the only resource they had was their brains since Babylon was in a desert with no natural resources.
NOW THAT IS A THOUGHT TO GIVE MUCH CONSIDERATION FOR YOUR SELF.
Yea Nimrod was black.
Babylon wasn't always a desert but a very green and fruitful land. Global warming?
While some of this is true it ignores the fact that people have stolen wealth throughout history. It’s easy to say people with lower credit don’t get loans, but ignores that many had good scores and still were denied. And who controls the credit system? Not the poor.
As long as people blame things out of their control and therefore reject personal change, they will fail. And it is a canard that massive “good credit risks” were denied loans. That didn’t happen. 2007 proved they were never “good credit risks” in the first place.
I was born into a low income , but conservative family. I was able to rise from that situation because my father made me believe my life would be a total failure without a college education. I found a way to get one. No student loans.
My life is a success without a college education. Hard work, frugal living and smart budgeting also make for success, especially when you avoid debt.
@oneperson5760 I agree. But you may have been more successful with a college education. We will never know , will we?
Your Monopoly comparison is very appropriate.
Dr Sowell always has important wisdom to share, it is pitiful more are not listening!
Sowell is just a paid shill!
I agree, it hit the nail on the head.
@@MrGroganmeister Sowell is wrong! He keeps pretending that 400 years of oppression never happened! He's DELUSIONAL!
Hundreds of years of continuing, unique and disfavored treatment was SPECIFICALLY directed against Black Americans under a white dominated system of power. THAT is the absolute primary factor that creates and maintains the huge economic disparity between white and Black Americans! Everything else is just minor secondary details after the fact!
Blame is easier than hard and harder work (and circumstances matter).
Yep. That's what the libs preach
Systemic abuses imposed against Black Americans must be blamed on the perpetrators of the actual wrongdoings!
People don't know how to save.. all they want to do is spend and live for today😢
Very good point. Mass marketing of products is too successful.
Thank you for sharing your wisdom Mr Sowell. 😊
Most first generation immigrants can come to this great nation and within just one generation they can change their life. Meanwhile most people born in this great country can’t change their life even after 150+ yrs later.
Why???
First generation immigrants have seen real poverty. They know the value of hard work. They don’t complain about their circumstances, they make them.
Opportunity vs outcome.... opportunity vs outcome... opportunity vs outcome. Thank you !!!!
Hundreds of years of continuing, unique and disfavored treatment was SPECIFICALLY directed against Black Americans under a white dominated system of power. THAT is the absolute primary factor that creates and maintains the huge economic disparity between white and Black Americans! Everything else is just minor secondary details after the fact!
Five basic things that all successful people do to succeed in America regardless of race: (1) Graduate from high school (2) get a job- any job, (3) obey the law, even the small ones like traffic rules, (4) don’t have children out of wedlock and (5) Don’t do illegal drugs or abuse alcohol. Too many Black people don’t do any of these.
Hundreds of years of continuing, unique and disfavored treatment was SPECIFICALLY directed against Black Americans under a white dominated system of power. THAT is the absolute primary factor that creates and maintains the huge economic disparity between white and Black Americans! Everything else is just minor secondary details after the fact!
@@willharriman1881 if historically wronged is the reason why so many blacks fail to succeed today explain why Japanese Americans do so well? They actually were displaced and interned in camps during WWII, yet the race with a strong family culture succeeds in great numbers today?
@@willharriman1881your grandchildren would be writting the same message in 2124....😂😂😂😂
@@GuyDedje In other words,YOU mean that white people will continue to SPECIFICALLY harm Black Americans FURTHER for the next 100 years! If so, the problem remains the same! You cannot SPECIFICALLY harm Black Americans continually for hundreds of years and then feign surprise at the negative effects that resulted!
@@GuyDedje It's the same thing as SHOOTING someone and then acting surprised that they were harmed!
A very thought provoking video, we tend not to think of the world in these terms whichever side of the poverty scale you are on. As he rightly says none of us are born equal.
Great conversation. Looking forward to reading his book.
A friend (black friend) told a couple younger guys, I think he was quoting someone, "White people work for their kids and grandkids, black people work for next Saturday night".
I'm white and so very, very far from rich (money wise)
White people on average are riches
Love all your content!
No family or legacy concerns would be a good place to start
At the end of slavery in America, the slave owners were given reparations. The slaves were not compensated for being brutally treated. The newly freed slaves were mistreated, still. 😮
How can the descenents of slavery ever catch up?
This was the plan all along! Massive economic disparity dosn't just fall out of the sky!
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Delayed gratification is the first principal one cannot compromise with for F.I. There is no such thing as personal freedom without attaining financial freedom.
Thomas is always good value.
They have to blame someone for their lack of progress
So, you think genuine oppression injustices are all just imagination? LYING is not a solution!
There are more poor Whites in the US than poor Blacks.
The poverty rate for Blacks has gone down significantly.
1940s 70%+
1960s 50%
2010 27%
2020 18%
There are more poor whites than poor blacks. But there are also five times more whites than blacks in the US.
So there would have to be five times more poor whites than poor blacks, for whites and blacks to be equally poor.
But if there are only twice as many poor whites than poor blacks, for example--then poor blacks still far outnumber poor whites, per capita.
And only per capita numbers can give an accurate measure of relative racial performance.
I think the last comment about Monopoly says a lot. My wife and I used to play Monopoly with our grandson and my wife always worked to own property and I always wanted the cash. Each of us did OK but if the game had gone on long enough, I am pretty sure she would have ultimately won my cash. In real life I saw this as complementary and we did very well and I hope my grandson learned from this.
people's character determines their outcome. Germany twice wiped out by war and they still come back. The Amish which are a German people, have gone into the most dire situations. They buy bottom land and within a generation it is highly productive. The Dutch, they were basically muck farmers, yet they pushed back the sea, they became traders, they became some of the wealthiest companies in the world. The Dutch went to south Africa. At first it was a hostile land thousands of miles from home. They tamed it and made it productive. The same people time and time again create their own luck. Stop the handouts, it is a bad investment.
Drive around a black middle class neighborhood and you'll see a bunch of nice cars (Infiniti's Mercedes Lexus) and run down houses. Drive around a white neighborhood with the same kind of income you will see nice houses and mediocre cars (Ford Chevy Toyota). And you will see that all over the south side of Chicago.
Mindset!
Wealth is not given, distributed, or entitled. Unless a person inherits it. Few inherit wealth.
There are many poor people of a races in America.
Wealth comes from hard work and saving.
Hard work is useless without justice to go with it!
Love the monopoly analogy... Straight facts
everybody in this nation has access to free education all the way to high school. Thats called equal opportunity. What everyone decides to do with it is their own choice
And free education tends to be the WORSE education OBVIOUSLY.
More Black people nowadays need to show up to Wealth creation information events like they show up to church services, birthdays, weddings, bridal showers, jazz festivals, ship cruises, school reunions and outdoor barbecue parties each time an opportunity is presented to them.
Also more Black people need to prioritize and focus more on Building Wealth and learning from actual financial advisors, not online social media videos. It’s a lie to say that a Black person cannot meet with a Financial Advisor unless they are already a millionaire. Most advisors are happy to meet with them if they would simply an advisor’s phone call when he or she reaches out to them. God wants us all to be happy, wealthy and powerful but we have to make time to get in position to receive the information needed to be successful in financial health and other health areas.
I tried to meet with the financial advisor at one time..😮 my portfolio is like 125,000 he told me to call me back in a couple years😢
@@davidbrooks8809 I’m sorry for your experience with this person. What state are you in? You can still meet with a reputable advisor regardless of your portfolio amount.
Find another one then. If you have 125,000 and you invest it in a mutual fund that has a balance of the S&P 500 stocks it will have an average return of 8 to 10% over 7 years snd your money will double. It’s not difficult to invest but you need a plan. Go find a Christian fiduciary money manager to map out a plan for you. Read as many investment books as you can that people like
Warren Buffet have written. And always remember nothing is free.
Thank you Thomas!
A terrific discussion! This series should be required viewing in high school. We are all in Thomas Sowell's debt.
only took 1 1/2 mins for Dr. Sowell to engage in debunking a straw man argument--------most people DON"T think that absence some mitigating factors, economic status would be "roughly equal"
Hundreds of years of continuing, unique and disfavored treatment was SPECIFICALLY directed against Black Americans under a white dominated system of power. THAT is the absolute primary factor that creates and maintains the huge economic disparity between white and Black Americans! Everything else is just minor secondary details after the fact!
The title of this video is both misleading and not reflective of the content.
I thought I was the only one thinking this!
That interview is not about wealth and colour. Very misleading indeed!
Please rewatch the video carefully and you'll see where the title was coined from... If you came here for something else then I'm sorry. All our titles are coined from the video reason why you're the only one having trouble.
Equality in anything exists NOWHERE on earth and never did. Never use that word! Try equity and fairness.
@@briaf3370please help me about equality and equity...you're too adamant for a social issue.
i liked the Monopoly analogy...i was 8-9 years old..my older sister was 15 ...Started the game with the same amount of money...but She was buying every property she landed on...i was just trying to pass " Go " and collect 2 hundred dollars. .near the end of the game she had hotels on alot of her cheaper property..and i was just handing her my PASS GO money half way around the Board..LOL I lost most of the Time..But i learned alot..Now ..at 61...She calls me up to borrow Money...Funny How things change..!!
interesting; never thought of it that way; thank you
I am poor because of Bidón
You have always been poor🤦🏽♂️
the reason anyone is rich while others are poor, simply comes down, to who won the war 🤔🤷♂️
Japan and Germany lost the war and they are among the top 5 richest economies in the world. It’s not what’s in the pockets, it’s what’s in the mind.
😂😂😂😂😂😂 implying the war of success as opposed to non success in this country. not a physical war. By the way success and wealth comes in all colors as well as poverty…
@@randomami8176
The winner is the first
@@1wun1 what you mean the pockets? There’s no way to become rich unless you use your brains. Just ask Bill Gates and Steve Jobs (well I guess you can’t ask the latter) 😂
Hundreds of years of continuing, unique and disfavored treatment was SPECIFICALLY directed against Black Americans under a white dominated system of power. THAT is the absolute primary factor that creates and maintains the huge economic disparity between white and Black Americans! Everything else is just minor secondary details after the fact!
The current South African government and other similar politicians like Julius Malema should watch this video.
Yes, chance!
God delivers chance.
We all have to play the cards that we are dealt.
Could never get a white make to state the same thing.