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Thomas Sowell Quotes: The economic disasters of socialism and communism come from assuming a blanket superiority of those who want to run a whole economy.
         

The economic disasters of socialism and communism come from assuming a blanket superiority of those who want to run a whole economy.


Thomas Sowell
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"Thomas Sowell Quotes." Quoteslyfe.com, 2024. Sun. 22 Dec. 2024. <https://www.quoteslyfe.com/quote/The-economic-disasters-of-socialism-and-communism-1109938>.





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Other quotes of Thomas Sowell


It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.



When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.

When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.



Racism is not dead, but it is on life support -- kept alive by politicians, race hustlers and people who get a sense of superiority by denouncing others as 'racists'

Racism is not dead, but it is on life support -- kept alive by politicians, race hustlers and people who get a sense of superiority by denouncing others as 'racists'



It takes considerable knowledge just to realize the extent of your own ignorance.

It takes considerable knowledge just to realize the extent of your own ignorance.



Any politician who can be elected only by turning Americans against other Americans is too dangerous to be elected.

Any politician who can be elected only by turning Americans against other Americans is too dangerous to be elected.



The next time some academics tell you how important diversity is, ask how many Republicans there are in their sociology department.

The next time some academics tell you how important diversity is, ask how many Republicans there are in their sociology department.



Liberals seem to assume that, if you don't believe in their particular political solutions, then you don't really care about the people that they claim to want to help.

Liberals seem to assume that, if you don't believe in their particular political solutions, then you don't really care about the people that they claim to want to help.



I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money.

I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money.



Capitalism knows only one color: that color is green; all else is necessarily subservient to it, hence, race, gender and ethnicity cannot be considered within it.

Capitalism knows only one color: that color is green; all else is necessarily subservient to it, hence, race, gender and ethnicity cannot be considered within it.



The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.





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Make the most of yourself....for that is all there is of you.

Make the most of yourself....for that is all there is of you.




Everyone has to have hope in their life, or they will eventually become your enemy.

Everyone has to have hope in their life, or they will eventually become your enemy.



Faith is not something that goes against the evidence, it goes beyond it. The evidence is saying to us, 'There is another country. There is something beyond mere reason'.

Faith is not something that goes against the evidence, it goes beyond it. The evidence is saying to us, 'There is another country. There is something beyond mere reason'.



All of us are in the manufacturing industry - manufacturing either our own happiness or unhappiness.

All of us are in the manufacturing industry - manufacturing either our own happiness or unhappiness.



In case you haven't noticed, I'm a lover not a fighter.

In case you haven't noticed, I'm a lover not a fighter.



The big money is not in the buying and selling ... but in the waiting.

The big money is not in the buying and selling ... but in the waiting.



Did you ever know that you're my hero, you're everything I wish I could be. I could fly higher than an eagle with you as the wind beneath my wings.

Did you ever know that you're my hero, you're everything I wish I could be. I could fly higher than an eagle with you as the wind beneath my wings.



I am officially a doctor, and believe it or not, I can save lives and tune certain instruments and can beat peasants with a stick.

I am officially a doctor, and believe it or not, I can save lives and tune certain instruments and can beat peasants with a stick.



Whatsoever has exceeded its proper limit is in an unstable position.

Whatsoever has exceeded its proper limit is in an unstable position.




Quote Description


This page presents the quote "The economic disasters of socialism and communism come from assuming a blanket superiority of those who want to run a whole economy.". Author of this quote is Thomas Sowell. This quote is about assuming, economic, socialism, communism, want, whole, blanket, running, economy,.