Thomas Sowell Quote - Liberty Quotes Blog

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

by:	Thomas Sowell (1930- ) Writer and economist
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Categories:	Economics, Socialism, Communism, Statism, Superiority, Power
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Reader comments about this quote:

Socialism erroneously supposes a blanket of superiority over a whole economy (fiscal law), corporeal man's relationship to commerce (legal positivism), the individual sovereign's inalienable rights (perfected allodium, liberty, etc.) and all else as is defined by natural law. -- Mike, Norwalk
Thomas Sowell hits the nail on the head as he usually does. -- Jim K, Austin 1
-- Ronw13, Oregon
Oh, yeah? Well same goes for trickle down and supply side economics! -- Jack, Phoenix
"Trickle-down" and "supply-side economics" are nothing more than the same socialist non-sense as the source for either was government spending with borrowed funds. The economy flourishes unaided and unsubsidized -- that is why it is such a common target for taxation. Central control ultimately becomes monopoly, which are anathema to a flourishing economy. Greed is no less found among communists and socialists than kings and emperors. The truth is unfortunate, the central banks rule the world with all nations paying tribute or else -- talk about blanket superiority. -- E Archer, NYC 1