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What then is the intellectual advantage of civilization over primitive savagery? It is not necessarily that each civilized man has more knowledge but that he requires far less.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Necessarily
Advantage
Intellectual
Civilization
Knowledge
Savagery
Less
Primitive
Men
Civilized
Requires
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Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place, by making home-ownership statistics the holy grail, for which everything else was to be sacrificed, including commonsense standards for making home loans.
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What the welfare system and other kinds of governmental programs are doing is paying people to fail. In so far as they fail, they receive the money in so far as they succeed, even to a moderate extent, the money is taken away.
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A passionate commitment to social justice is no substitute for knowing what the hell you're talking about.
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Anyone who does not understand the utter cynicism of politics does not understand politics.
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Racism does not have a good track record. It's been tried out for a long time and you'd think by now we'd want to put an end to it instead of putting it under new management.
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