Failure is a big part of a free market's success. People fail to live up to their potential, or to carry out all their good intentions, in all kinds of economic and political systems. Capitalism makes them pay a price for their failures, while socialism, feudalism, fascism and other systems enable personal failures, especially by those at the top, to be ignored.
Thomas SowellThe people made worse off by slavery were those who were enslaved. Their descendants would have been worse off today if born in Africa instead of America. Put differently, the terrible fate of their ancestors benefitted them.
Thomas SowellMost of the people in the upper income brackets are not rich and do not have wealth sheltered offshore. They are typically working people who have finally reached their peak earning years after many years of far more modest incomes-and now see much of what they have worked for siphoned off by politicians, to the accompaniment of lofty rhetoric.
Thomas SowellAlthough much of the media have their antennae out to pick up anything that might be construed as racism against blacks, they resolutely ignore even the most blatant racism by blacks against others.
Thomas SowellIn a democracy, we have always had to worry about the ignorance of the uneducated. Today we have to worry about the ignorance of people with college degrees.
Thomas SowellJust what is it that academics have to fear if they stand up for common decency, instead of letting campus barbarians run amok?
Thomas SowellIt is amazing how many of the horrors of the 20th century were a result of charismatic quacks misleading millions of people to their own doom. What is even more amazing is that, after a century that saw the likes of Hitler, Lenin and Mao, we still see no need to distrust charisma as a basis for choosing leaders, either in politics or in numerous organizations and movements.
Thomas Sowell