Category: Political
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Equity: The Thief of Human Potential
by Thomas Sowell
Thomas Sowell is an American author, economist, and political commentator who is a senior fellow at the Hoover Institution at Stanford University.
Thomas Sowell is the author of more than 45 books (including revised and new editions) on a variety of subjects including politics, economics, education and race, and he has been a syndicated columnist in more than 150 newspapers. Sowell was born in segregated Gastonia, North Carolina, to a poor family, and grew up in Harlem, New York City.
Due to poverty and difficulties at home, he dropped out of Stuyvesant High School and worked various odd jobs, eventually serving in the United States Marine Corps during the Korean War.
Afterward he took night classes at Howard University and then attended Harvard University, where he graduated magna cum laude in 1958. He earned a master’s degree in economics from Columbia University the next year and a doctorate in economics from the University of Chicago in 1968.
In his academic career, he has served on the faculties of Cornell University, Amherst College, Brandeis University, the University of California, Los Angeles, and, currently, Stanford University. He has also worked at think tanks including the Urban Institute.
Since 1977, he has worked at the Hoover Institution at Stanford University, where he is the Rose and Milton Friedman Senior Fellow on Public Policy.
This is why Elon Musk uses Signal as his Messaging app.
“When government gets bigger, whether it’s through spending or taxes or regulation … big business benefits,” Tim Carney of the Washington Examiner explains.
Amazon’s Jeff Bezos wants government to impose a $15 minimum wage. “The problem is [Bezos] doesn’t want to just pay his own workers $15 [but] to outlaw other business models … smaller businesses that might not be as efficient,” Carney says.
Amazon can afford an army of warehouse robots, but mom and pop shops must pay actual people.
If they can’t afford $15, they go out of business. Carney adds: “Capitalism is a cutthroat thing, but this isn’t capitalism. When you turn to government to regulate your competitors out of business, we need to say, ‘No, this is wrong!'”
The video above includes more examples of how big business partners with big government to defeat smaller competitors.
