my man Thomas Sowell. So brilliant. Very influential. He should have been our first black president but he would never do it
5:03 Thomas Sowell is a gem, his laugh is contagious!
JFK had no power over his office
How do we get everyone to see and understand this great man Thomas Sowell? With the new tax plan, all I see on social media is how terrible lowering taxes is going to be. I feel the need to correct people, but I don't, because I generally try to stay silent on social media so that I don't get into pointless arguments all day. Also, nobody listens anyways…
3:08 "And if by some miracle we get through it, we have the good sense to remove this president the question is will we have learned a lesson. Or will we turn off our common sense when there is the first women president, you know, the first Asian president, the first Latin president? I mean are we so hung up on symbolism that we don't understand that being the president of the United States means having the lives of 300 million people in your hands and the future of people yet unborn. If we don't understand that and we're willing to vote for people on the basis of symbolism than we're lost."
Good grief what convicting words. I have to admit that my vote for Obama back in 08 was largely influenced by such symbolic thinking, perhaps a chance at some silent virtue signaling that I was taking part in rectifying the enduring legacy of slavery and never even bothered to lookup where Obama stood on various issues. Like Daniel Hannan I too was wooed by his sensible speech and moderate appeal that I now perceive as so much an Alinskian wolf in sheep's clothing tactic necessary to get the job done and achieve the subversion he truly intended. I have learned much in those intervening 8 years, with no small help to all the Uncommon Knowledge videos I've been relishing these past handful of months. Well, glad to say I won't be falling for no symbolic vote this ticket for the new first we're presented with.
The real economic model for Sowell's world would be Ireland during the years 1845 through 1852 when the potato famine occurred. There was potato blight all over Europe but only the Irish starved because that was all the British would allow them to eat. Ultimately half of the population starved or emigrated. This was part of the population control plan because the British only needed around 4 million people as indentured servants. This is the world wide plan for the global elite.
Sometimes people will throw a whole loaf of old bread from the bakery to the pigeons. If it is not broken up, ultimately the few biggest pigeons get the whole loaf and the weaker pigeons get nothing. It seems to work the same for human beings. The results of all the deregulation of the 80's and 90's seem to have proven this. Thomas Sowell is ultimately a propagandist for the mega wealthy and basically adverse to any sense of equity in the world, thus anti democratic.
The Sowell reaction cam is absolutely priceless.
This needs to be shown around the clock on all college campuses.
I love what he said about the Constitution.
Producer screwed up.Hit the S instead of the A.
Trickle Down Theory is well and truly recognised for it's methods and outcomes.
The economist John Kenneth Galbraith noted that "trickle-down economics" had been tried before in the United States in the 1890s under the name "horse and sparrow theory." He wrote, "Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: 'If you feed the horse enough oats, some will pass through to the road for the sparrows.'" Galbraith claimed that the horse and sparrow theory was partly to blame for the Panic of 1896.Proponents of Keynesian economics and other related theories often claim that the wealthy tax cuts are, in fact, not used for the benefit and productive asset of investing but rather instead for personal gain.In the 1992 presidential election, Independent candidate Ross Perot called trickle-down economics "political voodoo.", a term used most recently by presidential candidate Bernie Sanders. In New Zealand, Labour Party MP Damien O'Connor has, in the Labour Party campaign launch video for the 2011 general election, called trickle-down economics "the rich pissing on the poor".A 2012 study by the Tax Justice Network indicates that wealth of the super-rich does not trickle down to improve the economy, but tends to be amassed and sheltered in tax havens with a negative effect on the tax bases of the home economy.University of Cambridge professor Ha-Joon Chang criticised the policies of trickle down in several publications, citing examples of: "slowing job growth in the last few decades, rising income inequality in most rich nations, and the inability provision in raising living standards across all income brackets rather than at the top only".
A 2015 report by the International Monetary Fund argues that there is no trickle-down effect as the rich get richer:
We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down.
We should put the pride behind our beloved country America and the patriotism loyalty and principles of America's foundation and symptoms of the Capitalism system of the freedoms and entrepreneurship and constitutions, not anything else before our country's exceptionalism. Because the most important thing is our own country's principles, loyalty and patriotism of our country's unique foundation of the Capitalism system symptoms of the liberty. Not anything of the ideologies of dividing us between the rich and poor promote the bad nature of the envying or jelous atmosphere, because the Communism ideologies system loves to play this kind of the tricks to devide people for their power of manipulation, then turn the manipulation into the iron fists of the cruelties after they succeded their powers. Our country's own symptoms of the Capitalism system of the liberty and entrepreneurship systems are fully equipped by our own America's constitutions fimly and disallow anything against our own country's foundation. Because this is America, not any other countries where has the opposite ideologies. Yes, we do have freedoms, but not the freedoms that is hammering down our own America's foundation of the Capitalism system of the natures of the liberty and entrepreneurship and constitutions, not our America's own patriotism and principles and loyalty to our America's foundation and prosperity and dignity. This is why I agree Dr Sowell ' s comments on this site and I believe he is very smart and patriotic to our country's foundation and symptoms. This is why when we happenedto see the little trend of the ideologies, we must stop it and pull the wrong track back to America's own foundation track by our own constitutions to protect our country's exceptionalism. Because the tiny cigarette flame can burn up the entire forest, if we are not careful enough. This is why we must respect and obay Our country's constitutions to follow up with our own foundation under our light house of the constitutions. Because the patriotism of America's leadership is extremely important to unite us together for America's forever exceptionalism.
When Dr. Sowell talks about the wrong loan policies, I understand that why does he want to a dress this important issue. Because when President Clinton was the President at the time, when sudden new technology of the Internet brought us the sudden economy booming and impacted the dramatic house mousing market soaring. The high house price made people so ,uh money. President Clinton wanted more people to make the quick money through the soaring house market. He asked all of the banks to give the loans to people whithout checking their qualifications for loans. He let banks to sale their loan status to Fredmack and Fennimay. He assumed that the housing market would be soaring for long time. Then the sudden crash of the housing market caused the sharp price drop. People are panic and tried hard to avoid the damages and all tried to dump their loans back to banks. Espacially for those who were not qualified for the loans. The sudden massive loan dumpings caused the realDesasters for banks, even those large and largest banks couldn't avoid the dooms too. They were panic as the loan dumppers too and filed bankruptcy. The banks were acting as ants crawling on the hot pot, however, the rest of the world were still have no ideas that what was really going on. People didn't know that therewas an worst volcano were bubbling beneath the peaceful lake surface. Even President Clinton, President Bush 43 and President Obama had no ideas in the beginning until a few sharpest economists found out later by their experiences with the reserch and results. People then started to realize that President Bush 43 inherited a deserter of the economy which even affected President Obama's Presidency era. This is why often the good heart or good intentions may bring the desaster of the economy by wrong estimations too. This is why I believe the medias must talk by the real facts to avoid the extremely unfair critics to a good inocent President Bush 43 the blames of the bad economy for the fairness. Now the economy is better, I believe if Gov.Bush wins the Presidency, he will make sure our country's foundation, America's spirit of the Capitalism system of the freedoms and entrepreneurship and constitutions is there for our country's prosperity andunite all of us together as one unity of our nation under God. He will against ideologies to stand up by America's interest and foundations by our America's patriotism and loyalty. Because he understands the importance of the unity of our country as well as the American people.
I like Sowell very much, but I have to disagree on his point with Europe and the wellfare states. Because I am living in Europe and in Germany we also have a well fare state and it does work very well, yet the only problem to it, is the population. One has to understand, that not all Germans are on wellfare, there are more than 45 Mio working people in Germany, so it is easy to make up the costs for the wellfare state, the problems again and again are simply the people, they do not want to make the best out of anything. You could have the most perfect system and a great majority of people will find ways to destroy that system, simply because its in their nature to be like that, no matter what cultural background they have, what so ever.
Plus Greeces problem was not the wellfare state alon, but its not working government and the high level of corruption. Just think about it, out of 5 Mio. working Greeks, 20% of them work for the government, in Germany that number is at 16%, and that is the problem. They lived outside of their possibilities and now comes the bill.
But still, there are many points I still like about Mr. Sowell.
I am new to Dr. Sowell, but wish I had found his teachings sooner.
Sowell keeps it so real it hurts.
Sowell was absolutely truthful when commenting on Michelle Obama's bullshiz statements, especially about the creation of "jobs you can raise a family on"@5:20.
The one thing he didn't anticipate, was the retarded solution that the liberals would create, in hopes that people could raise a family flipping hamburgers. The idiot liberal solution is focused on raising the minimum wage (well past the market value) of low-skilled workers, and forcing businesses to provide benefits that should NOT be mandated by government.
And do we have to just accept that the rich will exploit loopholes or move their capital to Bahamas or maybe we could do something about it? It would solve so much.
Love Mr Sowell!
I may be ready to believe that lowering the marginal tax rate from 95% to 70% as Kennedy did will cause those paying that rate to become entrepreneurial. I'm less ready to believe that lowering the marginal tax rate from 39% to 36% as Bush Jr. did will.
Mr Thomas Sowell, do you think Rick Perry or Romney would have been a better choice?
Sight correction: He wants us all to be in control of our own personal economic choices, and so we would all be in "control" of a free and dynamic economy.
As you know, when the economy is controlled by "masterminds" or "the best and brightest!" (who, typically, never had to run a business), we are left with a shambles that "would only work if everyone would just give our Leaders more power and control". Worked great in the Soviet Union for 70 years.
Sorry, went long.
Keith, you're making too much sense! You need to stop that or throw in a chunk of crap or two for Joe Schmoe to understand!!!! 😉
As opposed to 35 million dead under Mao? Or 10 million dead during the Holodomor under Stalin?
Has it not crossed your mind why South America and Africa struggle to feed and home their people, is because of central planning and State control.? How can capitalism be 'elitist' when clearly it places individual at the heart of any transaction?
Nice government controlled indoctrination you got. Capitalism is the only economic system that gives individuals control over their own well being and material advancement. Name another. I'm guessing you don't really understand what capitalism is, or your definition is based on the corrupted system that exists presently.
You may be in need of a needle and thread to reattach your shadow to yourself. If you want to know what scares you so much, take a peek in the mirror.
Economists do what they are paid to do, defend the position of a class of oligarchs. Economists today are a priesthood similar to the court astrologers of the middle ages. What economists depend on is a model of social order that must accept 2.5 million prisoners and uncounted millions homeless as both reasonable and necessary. Once we abandon the last vestige of majority rule then the capitalist utopia will arrive with the dawning of the age of Aquarius?
Capitalism is a failure at all but two functions; transforming human misery into profit and transferring profit into the pockets of an elite who claim themselves to be wiser more deserving and morally superior.
This is a quote, once attributed to a french other falsely, hope you enjoy.
"The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money."
So why are we allowing "perverted, abstruse mysticism," as you call it, to spend nearly $20 trillion in total monies, solely to shape the outcome of plots on a graph? Your fragmented, misspelled assertions portray very little competence.
Capitalism is a dictatorship that will not brook a democracy anywhere in the world unless set up as a front serving a single imparative, the accumulation of wealth. The endgame of capital is a world-wide system of class rule. The aim of every dictatorship is the same, the transcendence of history. Capitalism's implacable enemy is limits. It may be usefull to keep in mind that growth for the sake of growth is also the ideology of a cancer cell. Now you can censor my comment you stupid fascists.
Economics has more in common with the subject of Theology than with the social sciences. Economists if you notice never have to prove anything. The purported object of Economics as a discipline is the discription of "the economy" which they are prepared to argue about but cannot prove the existence of. Should we the uninitiated outside, attempt to understand this model making methodology as a kind of mysticism? Abstruse mathamatics has been deployed for centuries to discribe hallucinations.
HAHA…. classic eye roll at 4:21 … Sowell is the MAN
Thomas Sowell has been telling the truth for so long now it's BEYOND ridiculous. Sometimes I feel good that I don't live in the US, but I am quickly sobered and realise that Australia is heading down the very same road; there's just a smaller amount of money and industrialists in play…
Regardless of what happens, libertarian economics is eventually going to become viable. It's just a matter of whether or not we want the economy to be completely destroyed before it happens.
You just summed up exactly why I want him to be in control of the economy.
I don't think Thomas would want to control the economy. And I think his answer would be to let the economy be don't mess with it, cut taxes, cut government spending, cut red tape and watch it grow. In other words, do as little controlling of the economy as possible (also as little interfering as possible).
In various interviews, he talks about being Marxist when he was at Chicago University. He remained a Marxist even after attending class under Milton Friedman. He then worked for the Labor Department for the Government. It was there when he saw how inefficient, ineffective, and terrible the government was at doing anything. Then he changed views and the rest is history.
I'd vote for him!
Sowell's view, as I understand it, is that nobody should be in control of the economy. Not even him.
Thank you for this video.
I would like to know what experiences he had as a child that encouraged such formation of intellect and free-thought. I hope to raise my future children to be as near this man's quality of intellect as possible!
lol no no no, they aren't bribed with their own tax money, what gave you that silly idea? They are bribed with someone else's tax money. Namely rich people. As you know, anyone who is rich is by default morally bankrupt, however people who demand that he gives them money are infact innocent victims of capitalism. Makes sense, right?
Thomas sowell facial expression are priceless. but he is an awesome economist.
Book cover should be black and yellow, not red.
When I hear either of the Obamas, especially Michelle, I don't know whether to laugh or cry or throw up. I just can't believe people buy the garbage that comes out of their mouths. And I can't believe the hypocrisy, the lies, and the utter ignorance of the degenerate liberals and their "media".
Liberals: Think people are too stupid to make their own decisions
Libertarians: Believe in people that given the information they will make the right choices on their own.
Who is more humanitarian?
Ron Paul cites works by Friedman and Rothbard alot:. End The Fed, Pillars of Prosperity. How is he an anarchist? Because he is a strict constitutionalist? So are you saying the constitution is a document of anarchy? Saying Rothbard makes Friedman look like a socialist is nonsense. I will say out of the three Paul, Friedman, and Rothbard, Rothbard would be the closest anarchist.
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