Thomas Sowell comments on intellectuals and socialism 4

By Tom Quiner

The great conservative economist, Thomas Sowell, is retiring at the age of 86.

He leaves behind a treasure trove of memorable quotes. Here is one of them:

“Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.” THOMAS SOWELL

Capitalism is more than an ‘intellectual argument’ 3

Is the president crazy or simply ill-informed?

I pose the question in light of Barack Obama’s remarks to Argentina youth:

“So often in the past there has been a division between left and right, between capitalists and communists or socialists, and especially in the Americas, that’s been a big debate. Those are interesting intellectual arguments, but I think for your generation, you should be practical and just choose from what works. You don’t have to worry about whether it really fits into socialist theory or capitalist theory. You should just decide what works.” More…