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Competition does a much more effective job than government at protecting consumers.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Doe
Government
Much
Protecting
Consumers
Effective
Competition
Jobs
More quotes by Thomas Sowell
What is called 'capitalism' might more accurately be called consumerism. It is the consumers who call the tune, and those capitalists who want to remain capitalists have to learn to dance to it.
Thomas Sowell
Virtually everything that the government does costs more than when the same thing is done in private industry - whether it is building housing, running prisons, collecting garbage, or innumerable other things. Why in the world would we imagine that health care would be the exception?
Thomas Sowell
It doesnt matter what you do if you dont do what matters. If you do what matters it doesnt matter what you do.
Thomas Sowell
You can only confiscate the wealth that exists at a given moment. You cannot confiscate future wealth - and that future wealth is less likely to be produced when people see that it is going to be confiscated.
Thomas Sowell
Despite a voluminous and often fervent literature on income distribution, the cold fact is that most income is not distributed: It is earned.
Thomas Sowell
Even squirrels know enough to store nuts, so that they will have something to eat when food gets scarce. But the welfare state has spawned a whole class of people who spend everything they get when times are good, and look to others to provide for their food and other basic needs when times turn bad.
Thomas Sowell
To say the Constitution is living is to say that it's dead.
Thomas Sowell
The minimum wage law very cleverly is misnamed. The real minimum wage is zero. That is what many inexperienced and low skilled people receive as a result of legislation that makes it illegal to pay them what they are currently worth to an employer.
Thomas Sowell
Politics is the art of making your selfish desires seem like the national interest.
Thomas Sowell
In various countries and times, leaders of groups that lagged behind, economically and educationally, have taught their followers to blame all their problems on other people - and to hate those other people.
Thomas Sowell
Too many people in Washington are full of themselves, among other things that they are full of.
Thomas Sowell
It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it.
Thomas Sowell
The political left has been weak on protecting society from criminals for more than two centuries.
Thomas Sowell
If you have been voting for politicians who promise to give you goodies at someone else's expense, then you have no right to complain when they take your money and give it to someone else, including themselves
Thomas Sowell
The simplest and most psychologically satisfying explanation of any observed phenomenon is that it happened that way because someone wanted it to happen that way.
Thomas Sowell
Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets.
Thomas Sowell
By the end of the 20th century, liberals had again discredited themselves, to the point where they went back to calling themselves progressives to escape their past, much as people do when they declare bankruptcy.
Thomas Sowell
Progress in general seems to hold little interest for people who call themselves 'progressives.' What arouses them are denunciations of social failures and accusations of wrong-doing.
Thomas Sowell
Virtually no idea is too ridiculous to be accepted, even by very intelligent and highly educated people, if it provides a way for them to feel special and important. Some confuse that feeling with idealism.
Thomas Sowell
There are only two ways of telling the complete truth - anonymously and posthumously.
Thomas Sowell