by Juvoni Beckford@juvoni
Before readingWhy I picked it up
I've been a fan of Thomas Sowell for quite some time. His insights on economics and policy have significantly shaped my perspective on politics and policy-making.
After readingPosted
The book critiques how societal policies are often crafted by intellectual elites lacking direct experience in the areas they legislate. This can lead to decisions that negatively impact those they're meant to help, without accountability or real-world feedback loops.
There's a focus on self-serving moral narratives that disregard empirical evidence challenging their agendas. It's been an area I've seen far too many people sold false promises on. It's far easier to manipulate through the heart, than through the head.
The perceived wisdom of the "anointed" thrives with very little skin in the game, as it offers psychological rewards like a sense of moral superiority, despite consistent failures.
These visions sustains an elite class that thrives on identifying new "problems" justifying their continued authority and influence.
Three reasons to read it
- A mental antibody to fight against groupthink.
- Critiques against the intellectual class.
- How good intentioned economic policies can lead to bad outcomes.
Notable quotesThomas SowellMore in Quotes
The vision of the anointed begins with entirely different premises. Here it is not the innate limitations of human beings, or the inherent limitations of resources, which create unhappiness but the fact that social institutions and social policies are not as wisely crafted as the anointed would have crafted them.
Among the many other questions raised by the nebulous concept of “greed” is why it is a term applied almost exclusively to those who want to earn more money or to keep what they have already earned—never to those wanting to take other people’s money in taxes or to those wishing to live on the largesse dispensed from such taxation. No amount of taxation is ever described as “greed” on the part of government or the clientele of government.
To believe in personal responsibility would be to destroy the whole special role of the anointed, whose vision casts them in the role of rescuers of people treated unfairly by “society”.
One of the sad signs of our times is that we have demonized those who produce, subsidized those who refuse to produce, and canonized those who complain.
One of the first things taught in introductory statistics textbooks is that correlation is not causation. It is also one of the first things forgotten.
Extrapolations are the last refuge of a groundless argument.
Notes for this book are still being transcribed.
