His economics are sound, but I often find that his takes on social issues are extremely reductionist. His social views a lot of the time are just standard conservative views (and wrong IMO), I wish he wasn't being praised for that. One example being his view on systemic racism, which he described as: “It does remind me of the propaganda tactics of Joseph Goebbels in the age of the Nazis, in which he was supposed to h…
Sowell has some well-thought-out views on these issues, and he’s been expressing many of them for decades, but he has a curmudgeonly side as well. And I think if you understand his more well-thought-out views on these issues, I think you’ll also at least understand his curmudgeonly attitude. Oddly enough, what you’re doing now—if it were done to dismiss the thoughts of a “progressive” black person—would probably be c…
Thomas Sowell interview
381–390 of 457 posts
Re: Thomas Sowell interview
#382Earlier quoted context omitted.
Exactly. And when you try and track people across decades, things start to look different. https://medium.com/@russroberts/do-the-rich-capture-all-the-...
Interesting read, but supposedly when we're talking about changes in social mobility we really care about the change in the percentage of people that are richer than their parents? Indeed towards the end of the article the author says: > There is one study of progress over time that follows parents and children that is gloomy and that is “The Fading American Dream: Trends in Absolute Mobility Since 1940” by Raj Chett…
From what I've read, most social mobility metrics are from low quintiles to higher quintiles.
So if in 1984, 50% of children do better than their parents, and that 50% is mostly the bottom half (I have no idea if it is), then you're doing pretty good in terms of social mobility, no? People making below the median are doing better.
And I would also expect that social mobility would decrease as an economy "matures". If you're in a developing country seeing 7-10% GDP growth, then you'd hope mobility is higher than an economy growing at 1-2% per year.
Re: Thomas Sowell interview
#383Beautifully said.
Re: Thomas Sowell interview
#384Am I the only one here who thinks that "Basic Economics" is overrated? I loved the first chapters but I didn't finish it because of his obvious bias against regulations. While I enjoyed his analyses of failed regulations, the book makes it seem like there're no successful market regulation laws in place and every attempt is doomed to be short-sighted like all his examples. This [1] review on Amazon from someone else…
> because of his obvious bias against regulations Could it be that you, the person who has almost certainly not had the degree and intensity of experience in this field as Thomas Sowell (as so few have), are the one with the bias in favour of regulations that are not strictly necessary?
2. Why do you think that I rule out that I'm not biased? If you read my other comment [2], I actually want to finish this book someday to challenge my assumptions and because his critique seemed reasonable! Unfortunately this book seems to paint an incomplete picture of my reality. The economy in my country should be totally unstable because of its regulations according to his views in this book but that's not the case. I want to understand the whole picture and this book falls short of doing it.
3. Why do you think that I'm generally in favor of regulations? It's simply not all black and white.
[1] https://en.wikipedia.org/wiki/Argument_from_authority [2] https://news.ycombinator.com/item?id=24041550
Re: Thomas Sowell interview
#385Earlier quoted context omitted.
I wish other writers would take this to heart. Reading The New Yorker it’s as if their language is a shibboleth and if they didn’t use it, it would alienate their audience for using average language, yet they are the same people who pontificate and pretend they advocate for the lower classes.
Let them. If you have the psychological need to constantly show how smart you are, your life will be very stressful indeed. You will want to manipulate others to get confirmation of your acrobatics and always be on the lookout for disproof. This will lead to you limiting your life severely for fear of actually finding it. -former smartness showoff who now acts betterer
Re: Thomas Sowell interview
#386Earlier quoted context omitted.
> many conservatives were once liberals, while the reverse is typically not true. Is there any data to support that claim? It’s the opposite of my own personal anecdata.
Opposite of my personal anecdata as well. In the 90s I was a National Review-reading, Limbaugh-listening conservative. It started changing in the early 2000s when GWB invaded Iraq. Voted for Obama in '08 (a centrist) and Bernie in '16 (a Leftist). Now I identify as a mostly Left of center progressive.
Re: Thomas Sowell interview
#387The points he makes are quite fair. The science isn't perfect, yes. Often, people try to hide that the science isn't perfect, too. But the impact is roughly the product of the magnitude of the impact and the probability of the event. In this case, the magnitude is enormous and the probability is less than 100% but seemingly quite large. Dr. Sowell seems to simply argue that climate reports suggest that the probability is higher than it truly is. But if a report suggest 95%, and Dr. Sowell thinks it's more like 40%, the core issue is still enormous. I would want him to talk about why he thinks the huge effects of anthropogenic climate change are such a vanishingly small probability to the point that we shouldn't do anything about it.
Here's another article by him: https://products.kitsapsun.com/archive/2002/06-08/0002_thoma...
Re: Thomas Sowell interview
#388Am I the only one here who thinks that "Basic Economics" is overrated? I loved the first chapters but I didn't finish it because of his obvious bias against regulations. While I enjoyed his analyses of failed regulations, the book makes it seem like there're no successful market regulation laws in place and every attempt is doomed to be short-sighted like all his examples. This [1] review on Amazon from someone else…
[1]: https://www.amazon.com/Naked-Economics-Undressing-Dismal-Sci...
Re: Thomas Sowell interview
#389Earlier quoted context omitted.
If it were immeasurable and undefinable, then we wouldn't have studies showing disproportionate sentencing of Black people [1] or the persistent negative effects of redlining [2]. And if it were unchangeable, we wouldn't be able to construct studies to show the specific choke-points of racial inequality, nor suggest policy solutions to remedy them. > What is the systemic racism measure for Canada vs US? I don't under…
Thank you for linking to studies on the systemic racism issue. "Using rich data linking federal cases from arrest through to sentencing, we find that initial case and defendant characteristics, including arrest offense and criminal history, can explain most of the large raw racial disparity in federal sentences, but significant gaps remain. Across the distribution, blacks receive sentences that are almost 10 percent…
Of course, you seem to be implying that people aren't actually trying to address these issues individually, and you couldn't be more wrong. Academics and policymakers alike are forming and implementing solutions all the time. You might just be looking too closely at Twitter.
It's frankly insulting that, despite the ongoing tragedy of racial inequality and the abundance of experts actively working to resolve it, that you and others are so caught up in such meaningless semantic games.
> It should also be noted that the vast majority of people talking about the sentencing disparity ascribe 100% of the sentencing difference to racism
I'm not sure how you can substantiate that claim.
> it's actually a 10% delta
You say that like a 10% delta because the color of your skin isn't tragic.
> It's not like activists ever cared about nuance.
Are they supposed to? We have a representative democracy for a reason: average people and activists push for change, and experts and representatives try to enact that push a reasonably as possible. I wouldn't expect the average person to approach policy failures with moderation. Most don't have years of higher education or a heterogeneous voter base to appease to moderate them. That goes for all sides. Don't act like the constituency who decry systemic racism approach it with the same nuance as Sowell.
Re: Thomas Sowell interview
#390Earlier quoted context omitted.
It's not "other people's money" in the first place, that's the point. Packed into that notion is the idea it rightfully or originally belongs to the rich. It doesn't. It rightfully belongs to the poor who need food and healthcare.
Again, there is no reference to "rich" vs "poor" in his argument. The argument is just a basic restatement of property rights - people own that which they've purchased through trading goods, services, or money. This applies just as much to any human being, except the truly indigent with no property whatsoever. Why is it greed for someone to keep what income/wealth/property they've earned while also is not greed to cl…
Your contention is that some institutions count as property rights (contract law etc), but taxation law doesn't. I'm telling you the line between them that you draw is drawn purely with ideology.
Taxation law isn't some adjustment that takes place after property law, it is part of property law. $X of tax paid by party A that ends up funding $X of social security payments to party B, literally belongs to party B. It is the property of party B. Not party A. It is not "someone else's" in any way.