Price controls almost invariably produce black markets, where prices are not only higher than the legally permitted prices, but also higher than they would be in a free market, since the legal risks must also be compensated. While small-scale black markets may function in secrecy, large-scale black markets usually require bribes to officials to look the other way.
Author
Thomas Sowell
/thomas-sowell-quotes-and-sayings
Author Summary
About Thomas Sowell on QuoteMust
Thomas Sowell currently has 88 indexed quotes and 9 linked works on QuoteMust. This page is the canonical destination for that author archive.
Works
Books and titles linked to this author
Quotes
All quote cards for Thomas Sowell
External explanations of black-white differences _ discrimination or poverty, for example__eem to many to be more amenable to public policy than internal explanations such as culture. Those with this point of view tend to resist cultural explanations but there is yet another reason why some resist understanding the counterproductive effects of an anachronistic culture: Alternative explanations of economic and social lags provide a more satisfying ability to blame all such lags on the sins of others, such as racism or discrimination. Equally important, such external explanations require no painful internal changes in the black population but leave all changes to whites, who are seen as needing to be harangued, threatened, or otherwise forced to change.In short, prevailing explanations provide an alibi for those who lag__nd an alibi is for many an enormously valuable asset that they are unlikely to give up easily.
Despite widespread misconceptions in the United States today that the institution of slavery was based on race, for most of the thousands of years in which slavery existed around the world, it was based on whoever was vulnerable to enslavement and within striking distance. Thus Europeans enslaved other Europeans, just as Asians enslaved other Asians and Africans enslaved other Africans, while Polynesians enslaved other Polynesians and the indigenous peoples of the Western Hemisphere enslaved other indigenous peoples of the Western Hemisphere. The very word __lave" derived from the word for Slavs, who were enslaved by fellow Europeans for centuries before Africans began to be brought in chains to the Western Hemisphere. Africans were not singled out by a race for ownership by Europeans, they were resorted to after the rise of nation-states with armies and navies in other parts of the world which reduced the number of places that could be raided for slaves without great costs and risks. Slave-raiding continued in Africa, primarily by Africans enslaving other Africans and then, in West Africa, selling some of their slaves to whites to take to the Western Hemisphere. Meanwhile, the growing range of ships and the growing wealth of nations eventually made economically feasible the transportation of vast numbers of slaves from one continent to another, creating racial differences between the enslaved and their owners as a dominant pattern in the Western Hemisphere. Such a pattern was by no means limited to Europeans owning non-Europeans, however. There were many examples of the reverse, quite aside from vast regions of the earth where neither the slaves nor their owners were either black or white.
Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.
Intellect is not wisdom.
Reality does not go away when it is ignored.
There are only two ways of telling the complete truth--anonymously and posthumously.
People who pride themselves on their "complexity" and deride others for being "simplistic" should realize that the truth is often not very complicated. What gets complex is evading the truth.
The monumental tragedies of the 20th century -- a world-wide Great Depression, two devastating World Wars, the Holocaust, famines killing millions in the Soviet Union and tens of millions in China -- should leave us with a sobering sense of the threats to any society. But this generation's ignorance of history leaves them free to be frivolous -- until the next catastrophe strikes, and catches them completely by surprise.
What is history but the story of how politicians have squandered the blood and treasure of the human race?
It doesn't matter how smart you are unless you stop and think.
The power of the intelligentsia is demonstrated not only by their ability to create a general climate of opinion that strikes fear into those who oppose their agenda but also by their ability to create a climate of opinion which richly rewards those political leaders whose decisions are consonant with the vision of the intelligentsia.
Clearly, only very unequal intellectual and moral standing could justify having equality imposed, whether the people want it or not, as Dworkin suggests, and only very unequal power would make it possible.
The staunchest conservatives advocate a range of changes which differ in specifics, rather than in number or magnitude, from the changes advocated by those considered liberal_change, as such, is simply not a controversial issue. Yet a common practice among the anointed is to declare themselves emphatically, piously, and defiantly in favor of 'change.' Thus those who oppose their particular changes are depicted as being against change in general. It is as if opponents of the equation 2+2=7 were depicted as being against mathematics. Such a tactic might, however, be more politically effective than trying to defend the equation on its own merits.
What sense would it make to classify a man as handicapped because he is in a wheelchair today, if he is expected to be walking again in a month, and competing in track meets before the year is out? Yet Americans are generally given 'class' labels on the basis of their transient location in the income stream. If most Americans do not stay in the same broad income bracket for even a decade, their repeatedly changing 'class' makes class itself a nebulous concept. Yet the intelligentsia are habituated, if not addicted, to seeing the world in class terms.
The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a reflection on us. When the people want the impossible, only liars can satisfy.
Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric.
Nothing is easier than to get peaceful people to renounce violence, even when they provide no concrete ways to prevent violence from others.