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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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What Thomas Sowell says about the real causes of poverty.

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Thomas Sowell: "I'm afraid that I haven't even looked for the causes of poverty. I regard poverty is just simply the absence of wealth. So what I look for are the things that cause wealth to occur."

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Thomas Sowell breaks down how the welfare state creates destructive incentives, promoting dependence, discouraging work, and rewarding family breakdown. Poverty isn't inevitable. Bad policy is.

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Thomas Sowell: “I regard poverty as simply the absence of wealth, so what I look for are the things that cause wealth to occur.” “Everyone is born poor and ignorant. To the extent that people become different, we have to find out what things enable them to become different.”

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Official “poverty” in America is not what most people think it is. Thomas Sowell points out that what Washington defines as poverty would be considered upper-middle class in Mexico. Most people in that category have microwave ovens, central air conditioning, and at least one car — many have two. The average person classified as poor in the US has more living space than the average European. This is not poverty by any historical standard. The real catastrophe is not material want. It’s the breakdown of behavior, the explosion of crime, and the loss of basic safety that came with the same non-judgmental mindset that built the modern welfare state. Sowell grew up in Harlem with no television, no car, and almost no books in the house — yet he could walk out at midnight to buy a newspaper without fear. Today that would be unthinkable. Poverty in America is no longer mainly about what people lack. It’s about the squalor of behavior that policy helped create.

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“We need to look not at the noble preambles of legislation, but at the incentives created in that legislation. Very often legislation intended to help the disadvantaged in fact pays people to stay disadvantaged.” — Thomas Sowell

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Thomas Sowell dismantles a widespread belief: that poverty is a moral problem whose solution belongs to intellectuals. Humanity, he reminds us, (after the great fall )began in poverty. There’s nothing surprising about that. What truly deserves explanation is why some societies and some individuals managed to create wealth, and why some did so better than others. Much of today’s public debate skips that question entirely and simply assumes that poverty is the default condition of mankind and that wealth is something that has to be “explained” or “justified” — usually as the result of exploitation or some other moral failing.

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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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Thomas Sowell spent 50 years telling people what the data actually showed. They called him heartless. He was a Marxist in his 20s. Then he started looking at evidence instead of theory. The ideology didn’t survive contact with reality. Black poverty fell from 87% to 47% before the Great Society launched. Sowell noticed. The architects didn’t want to. He answered today’s poverty arguments 30 years ago. The refutations are in print. The arguments didn’t change. Neither did the outcomes. “It doesn’t matter how smart you are unless you stop and think.” The policies kept failing anyway.

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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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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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