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Thomas Sowell breaks down one of the biggest misconceptions about poverty. Poverty isn’t simply about how much money someone has today. Sowell argues that we also need to understand the incentives, choices, policies, and circumstances that determine how people get out of poverty. A lot of people focus on... show more

Thomas Sowell Quotes

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Thomas Sowell explains why he’s no friend to politics or politicians. His point is simple: politicians have incentives to tell people what they want to hear, while the consequences of their decisions are often paid by everyone else. Another reminder from Sowell to look past political promises and focus on incentives, consequences, and reality.

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🚨 NEW: "I do think that there is a very serious chance that we are doomed." - Thomas Sowell Thomas Sowell is 96 years old and talks about the importance of profit AND losses, "higher education", and fascism. Shouldn't Donald J. Trump honor Sowell with a Presidential Medal? via Hoover Institution

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More Thomas Sowell “wisdom” telling Black Americans they should stay away from politics if they want to advance economically “I can't think of a single group anywhere in the world that has risen from poverty to affluence through politics”

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defenders of capitalism love to say that it has freed billions of people from poverty. UN Special Rapporteur Olivier De Schutter explains the absurdity of this argument and how the conditions of capitalism require poverty and inequality to exist:

defenders of capitalism love to say that it has freed billions of people from poverty. UN Special Rapporteur Olivier De Schutter explains the absurdity of this argument and how the conditions of capitalism require poverty and inequality to exist:

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