Thomas Sowell - Disparities in Income

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  • Опубліковано 14 жов 2024
  • Thomas Sowell destroys common misconceptions about income inequality. www.LibertyPen.com

КОМЕНТАРІ • 99

  • @perliva
    @perliva 8 років тому +94

    “You can not measure opportunity by outcomes.”
    May he be around for a lot longer!

  • @paulangeli9710
    @paulangeli9710 8 років тому +120

    He is one of the best social economists to date.

    • @tblbaby
      @tblbaby 8 років тому +18

      +Paul Angeli He's one of the only honest ones who don't succumb to the government payoffs for spouting their line. Kind of like a climate scientist who is real, government hates them because the truth erodes their pretexts for control.

    • @paulangeli9710
      @paulangeli9710 8 років тому +7

      +tblbaby Right on ! I wish more people shared this belief.

    • @pluckyduck11y
      @pluckyduck11y 6 років тому +1

      What an honor it must have been to have dated him!

    • @TobeornottooB
      @TobeornottooB 5 років тому

      Poverty? What kind? Who decides what that means?

    • @MiguelAngel24ful
      @MiguelAngel24ful 3 роки тому +1

      Capitalism is such a beauty and so simple, yet people find it hard to understand

  • @michaellowe2305
    @michaellowe2305 6 років тому +9

    Every time i listen to or read something from Thomas Sowell, i learn something new. Something that changes my perspective on matters. It blows my mind, the dedication this guy has for information

  • @NicosMind
    @NicosMind 6 років тому +14

    That last minute really kicked the ball out of the park. *"You cannot measure opportunity by outcome. And thats what those on the left keep on doing."* So bloody true. Id also add that those on the left refuse to accept culture affects on outcome, personal choices on outcome etc. Like women being the only sex which can bare children, choosing to raise a family, and that choice leads to less time in work, and different jobs which are flexible around parents. Not all women go for this choice, sometimes its men who will do more in raising children in the relationship and the woman works more. Thats individual choice and the left have to accept that *social engineering to accept that and change ends up hurting everyone, especially those who its designed to help!*

  • @agent7641
    @agent7641 8 років тому +10

    "Where justice is denied, where poverty is enforced, where ignorance prevails, and where any one class is made to feel that society is an organized conspiracy to oppress, rob and degrade them, neither persons nor property will be safe." Frederick Douglass

  • @BarbaraJoanneBJ
    @BarbaraJoanneBJ 7 років тому +16

    Maybe THE mind of our time, at least in economics. Love this man.

  • @konberner170
    @konberner170 8 років тому +18

    Unintelligent people don't think about principles. Moderately intelligent people believe in simple principles, and believe that analysis and understanding is often simple. Very smart people understand that, in most cases, principles are very complex with many exceptions, and admit that this means that analysis and understanding tend to be very difficult. Thomas Sowell is certainly among the latter: a true genius.

  • @natureshorts6657
    @natureshorts6657 6 років тому +2

    I am reading this book now and it is brilliant. Highly recommend.

  • @ggmo3664
    @ggmo3664 8 років тому +8

    Illuminating language and objective perspective. I'll buy the book.....

    • @ggmo3664
      @ggmo3664 8 років тому +1

      Just another economic consideration for modern times . gma.yahoo.com/texas-dad-writes-cannot-afford-stay-home-wife-024323663--abc-news-parenting.html?soc_src=copy A valuation that our post-modern consumerist culture neglects to consider. Save $ and save family culture/values.

  • @SwordAgainstChaos
    @SwordAgainstChaos 8 років тому +6

    Genius and common sense.

  • @Siegetower
    @Siegetower 8 років тому +16

    Isolation means poverty and backwardness. Insightful.

    • @TobeornottooB
      @TobeornottooB 5 років тому

      It's also inaccurate

    • @bensmith8240
      @bensmith8240 4 роки тому

      @@TobeornottooB No it's not

    • @TobeornottooB
      @TobeornottooB 4 роки тому

      @@bensmith8240 Define "isolation." Define "private."

  • @Siegetower
    @Siegetower 8 років тому +6

    As a geographer I also share Sowell's thoughts on rivers leading to trade, or lack or.
    Which is why I believe had Russia been allowed to take Constantinople off the Turks in the 19th Century, the last 2 centuries would have been vastly different. Russia being allowed to freely trade with the West and all the trade centres of the east, through a deep water port, would have led to more prosperity there. I believe the communist revolution would never have happened in 1917. The country was closed until then. Being open would have prevented that.

    • @nevermind824
      @nevermind824 8 років тому

      +Siegetower Interesting idea. But then the Islamic world had full access to the Mediterreanean and look at it today. "You can not measure opportunity by outcomes"

    • @Siegetower
      @Siegetower 8 років тому +1

      nevermind824 True, good point, but they are vastly different cultures. They only cared for seafaring inasmuch as it facilitated their white slave trade.

    • @nevermind824
      @nevermind824 8 років тому

      +Siegetower but being open to the Mediterranean is not the same as being open to the Atlantic like Britain, or Pacific like Japan. Russias focus has always been on the resource rich middle Asia countries. Perhaps if they hadn't fallen out with China during the Soviet times things would be different

    • @Siegetower
      @Siegetower 8 років тому +1

      nevermind824 Well where I'm coming from is that the Russian middle classes (such as they were) were open to Western European ideas, when they could get them.
      However given their huge landmass with no easy overland links to anywhere during the Enlightenment and Industrial Revolution; access to anywhere else with eg lots of printing presses distributing leaflets on every political and economic topic, like happened in France and Germany.
      Open deepwater ports with an element of trade that the government could not control aids in the spread of ideas, and the trade would have brought wealth, and promise of more through further trade, to more people than the Tsars allowed with their tightly controlled, landlocked population.
      I love history, these are partly personal insights.
      So you're right, access to the large oceans helped island and coastal nations in ways that Russia never had the opportunities to discover.

    • @StarWarsomania
      @StarWarsomania 6 років тому

      Siegetower Interesting theory. Entirely impossible to prove or disprove, but interesting.

  • @saltyprepper5518
    @saltyprepper5518 8 років тому +16

    Excellent video, terrific man

  • @casiandsouza7031
    @casiandsouza7031 3 роки тому

    Income is the acquisition of potential value. Wealth is the possession of potential value. Success is the consumption of value. Time is the limiting factor that is best used in consumption.

  • @JoePiervincentiWorld
    @JoePiervincentiWorld 7 років тому +4

    Bend it all you want, no one will get paid unless they produce something or give something of themselves or their efforts that is of value to he who is doing the paying.

  • @givinitsome
    @givinitsome 8 років тому +11

    In the dictionary, the explanation for the word 'Yes' is Thomas Sowell.

  • @trevorlambert5061
    @trevorlambert5061 6 років тому +13

    He makes way too much sense

  • @davidbspamboy
    @davidbspamboy 8 років тому +4

    Love him love him love him. Both he and Walter Williams are absolute geniuses

  • @samuski36
    @samuski36 8 років тому +3

    I got this book for Christmas, and am looking forward to reading it!

    • @nparksntx
      @nparksntx 8 років тому +2

      Me too!

    • @P3trarch
      @P3trarch 6 років тому +1

      So...did you read it?

  • @clinkerboy8604
    @clinkerboy8604 7 років тому +2

    He explains that people are living in bad conditions as being a product of their decisions which is a product of the environment or sometimes luck for that matter. He is analysing things for why they are, but almost refuses to give a verdict on what is right and wrong or what measures must be taken to better the conditions. My point is what about the idea that no one should suffer or be hungry or struggle to live if possible? He makes it sound alright that if one person benefits at the expense of another or thousands, it's alright, and then explains why this happens, very properly. The whole point must be towards eliminating such a situation, where stepping over someone to go to a higher place is a must. In a sense, that we all move forward together. Perhaps he doesn't think that way at all, but he explains quite clearly.

    • @Turtletanks
      @Turtletanks 6 років тому

      clinkerboy if you think that a world where nobody is at a loss is possible then you are sadly mistaken. The truth is that somebody will always suffer, but that is not the fault of the rest of the world as a collective.

    • @ambercainespring3319
      @ambercainespring3319 5 років тому +1

      He thinks purely economic but he doesn’t seem to have a social bone in him

    • @davidredding7694
      @davidredding7694 4 роки тому

      To live is to struggle and suffer. Its called the human condition. Embrace this fact and begin to develop a plan to meet and overcome this challenge is the start to living a meaningful life.

    • @halofreak1990
      @halofreak1990 4 роки тому

      "He is analysing things for why they are, but almost refuses to give a verdict on what is right and wrong or what measures must be taken to better the conditions."
      Right and wrong are entirely subjective things, and there is more than one way to improve things. So why would you expect Thomas Sowell to come up with an answer to these questions? And one that you would find satisfactory, to boot?
      "My point is what about the idea that no one should suffer or be hungry or struggle to live if possible?"
      That is a utopia. Better focus on things that can actually be achieved within a reasonable time frame

    • @monsterhunter445
      @monsterhunter445 3 роки тому

      @@Turtletanks you can't eliminate inequity but we can reduce by a lot. There are people who have 90 percent of the wealth. Who says we have to accept this status quo. People thought the same about Feudalism too..they thought well it's better than hunting and gathering. It's a fallacy times were worse in the past isn't an excuse not to improve the human condition

  • @Frankantun88
    @Frankantun88 8 років тому +10

    Thomas Sowell is such an amazing man. I wish he was president

    • @nevermind824
      @nevermind824 8 років тому +6

      +Frankantun88 I just wish more presidents listened to him

  • @nathanngumi8467
    @nathanngumi8467 3 роки тому

    Word. The world has never been a level playing field. We should not measure economic opportunity by outcome.

  • @coletrain2357
    @coletrain2357 8 років тому +6

    I would really like to know Mr. Sowell's opinion on the idea of the "natural monopoly", because it seems to me that this one idea serves as the lynch pin idea upon which every centrally planned or Marx-esque ideology founds itself.
    I believe that a full on assault on this one idea by the liberty movement could change the tide in our favor. It is an undeniable fact that the business owner or capitalist simply can not corner a market without the help of the state. It is true that if it wasn't for the fact that the state controls the street in front of your home, we wouldn't even need to make electricity a public utility.
    For example:
    So many on the left are constantly complaining about the internet service provider oligopoly, and yet they fail to notice their beloved Google Fiber telling them that the underlying issue is REGULATORY CAPTURE BY MUNICIPAL GOVERNMENTS. The public is completely missing the forest for the trees on the issue of net neutrality, they fail to realise that the ISP oligopoly wouldn't even exist in the first place if it wasn't for the fact that the state is dictating who can build infrastructure in your neighbourhood.
    mises.org/library/myth-natural-monopoly

    • @TheRev1269
      @TheRev1269 8 років тому

      True and oligopolies tend to never become monopolies because one firm will ALWAYS attempt to undermine the collusion in order to steal away profits. We see this with OPEC all the time. And the fact of the matter is no firm could ever acquire economies of scale so large as to compete away all other firms and completely dominate the market share, it just doesn't happen

    • @changeminds2736
      @changeminds2736 6 років тому

      ....blah blah blah..... right over my head! Nothing you said made any sense to me , and I really tried..

    • @P0RKINS2
      @P0RKINS2 5 років тому +1

      If you read Basic Economics, he agrees w/ your assertions and gives untold examples from history proving it. The audiobook chapter on this topic is 41 minutes long b/c of how many examples & data points he cites.

  • @mikeorclem
    @mikeorclem Рік тому

    thanks,,,tom has some free audio books here on youtube.

  • @erickrossidelafuente8028
    @erickrossidelafuente8028 5 років тому +6

    Bernie Sanders needs to read this book before he goes on T.V. spreading his BS about the lack of class mobility.

    • @BuckyTheN00b2
      @BuckyTheN00b2 5 років тому

      Mr. Rossi There is a lack of class mobility

    • @P0RKINS2
      @P0RKINS2 5 років тому +3

      @@BuckyTheN00b2
      Not according to the IRS data on Individual Income Mobility.

    • @erickrossidelafuente8028
      @erickrossidelafuente8028 5 років тому +1

      The Real Bucky,
      With that attitude, sure there is certainly a lack of class mobility for people who think like you.
      Engineering is booming. Jobs are bountiful if you acquire the right skills in college. Take out the damns loans only if the degree is worth it after you have done the labour market research on your earning potential.
      American youth is spoiled. As we speak people literally risk their life to cross our southern boarder to become second class citizens all because they recognize the employment potential.
      If you read his damn book you will learn about the EMPIRICAL evidence that class mobility ain’t dead.

    • @erickrossidelafuente8028
      @erickrossidelafuente8028 5 років тому +2

      William Clogston
      Thank you sir.

  • @iFreeThink
    @iFreeThink 3 роки тому

    I didn't know why males liked bad stuff
    until my husband cared about how I thought about whatever.

  • @Astrologcomedy
    @Astrologcomedy 5 років тому +1

    I agree with some of his philosophy disagree with other parts.

    • @UnthinkableFairytales
      @UnthinkableFairytales 4 роки тому

      Let's hear which ones you disagree so we someone can share their opinion too? Open debate

  • @krischette4108
    @krischette4108 8 років тому

    Anybody know how to contact this guy? I would love to write him a letter

    • @agent8698
      @agent8698 8 років тому +1

      +TheSassyLibertarian On his website, an address is listed:
      Thomas Sowell
      Rose and Milton Friedman Senior Fellow
      The Hoover Institution
      Stanford University
      Stanford, California 94305

  • @Siwashable
    @Siwashable 4 роки тому

    Thomas Sewell is a great thinker and I've enjoyed reading his works.. but I disagree about some of his Geographic determinism.. The Levant and North Africans are directly connected to the Med Sea.. and these regions are economically and social behind the West..

    • @ji.s9434
      @ji.s9434 3 роки тому

      The difference is the institution, how the government run their country. Africa is the luckiest or unluckiest continental in the world. Above all look at US and Mexico. Two different world but share border.

  • @casiandsouza7031
    @casiandsouza7031 3 роки тому

    Slavery is the domestication of humans. The domesticated require maintenance. Hunter gatherers could not maintain and benefit from slaves. Slavery must have become feasible after crops were domesticated and settled communities could afford slaves.

  • @rosalynkaplan8756
    @rosalynkaplan8756 6 років тому

    Shana Kaplan, when I read your post about President Trump’s expenditures on golf, my heart sunk. Why? I love you. I don’t want to insult you. I just want you to have the knowledge you would want to have to protect your daughter and to reclaim The Constitutional Principles that preserve her freedom and enable her prosperity. I know you mean well in your posts, but you misunderstand the principles of freedom our Founding Fathers fought and died to promote when you talk about President Trump’s golf course expenditures. Kamierah’s, freedom is not about democratic talking points, at least not in my opinion. Kamierha, Lyla, Skyler (Brooks, Sage and Jadee, if they were still in my life) deserve a chance to protect their future. Right now, the false narrative misleads you into believing what you proclaim in this post. That hurts Kameirah. That hurts Lyla and Skyler. Please don’t committ to this until you study Milton Frieman, Thomas Sowell and so many more scholars who are the antithesis of Progressive talking points.

  • @iFreeThink
    @iFreeThink 3 роки тому

    Most of the time,
    we don't remember when we had a good moment with someone.
    Because "la Raza" and whatnot.

  • @kpath74
    @kpath74 4 роки тому +1

    Can somebody dumb down this quotes for me lol

    • @dennisbrown4216
      @dennisbrown4216 Рік тому

      Government never makes things cheaper and more efficient. It's created more problems then it solves which government then solves by creating another program. The end result is the entire wealth inequality is now held by the state and away from the citizen

  • @tannerclegg2954
    @tannerclegg2954 5 років тому

    God it's painful to watch two men who've never read an ethnology in their lives leverage a skewed depiction physical anthropology to confirm their economic biases. Good grief.

    • @nathanw.3187
      @nathanw.3187 5 років тому +5

      Tanner Clegg what insight would they gain by reading ethnology?

    • @imadeyoureadthis1500
      @imadeyoureadthis1500 Рік тому

      Nice fancy words that when deciphered shows BS word salad