Posts Tagged ‘Thomas Sowell’

Socialism vs. Capitalism

June 6, 2018

Socialism vs. Capitalism

If a culture does not teach its basic principles: ethics, morals, economics and political philosophy to its children it will perish.

America’s educational system has increasingly failed to acculturate our children starting in primary schools and continuing through college since sometime in the 1950’s.  

As a result, a large proportion of our youth now favors socialism over capitalism as an economic system for America. 

Tragically, our youth knows little to nothing about the fact that socialism tends to evolve in the direction of communism. Furthermore, socialism generally produces poorly motivated citizens, who are taxed to-the-max who become dependent upon governmental support, in this political system prone to great corruption and failure. 

The most recent example of the abject failure of socialism is Venezuela. 

Please see this video about the now unfolding failure of Venezuela and then read the short article below.

Here is a quote taken from the article below. It is essential for America’s voting adult population to understand how socialism is becoming increasingly attractive to America’s youthful voters. 

“As Dr. Thomas Sowell says”, ‘Socialism sounds great. It has always sounded great. And it will probably always continue to sound great. It is only when you go beyond rhetoric, and start looking at hard facts, that socialism turns out to be a big disappointment, if not a disaster.’

https://patriotpost.us/opinion/56199-capitalism-vs-socialism

Please send this blog to everyone you know. Wake-Up America!

V. Thomas Mawhinney, Ph.D., 6/6/18

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Dr. Sowell’s Last Written Words?

December 27, 2016

Dr. Sowell’s Last Written Words?

I have loved reading Dr. Sowell’s writings for many years.

As you may know, Dr. Sowell is a conservative economist who has written about many things over his long and distinguished professional career.

It is hard for me to think that Dr. Sowell will not find the need to write more because he still lives. Furthermore,  he is a writer!

Writers have a great need to write and so I remain hopeful that he may still bless us with more of his thoughts about various issues, from time to time.

God Bless, Dr. Thomas Sowell!

Please read Townhall’s short farewell to Dr. Sowell.  Then, please also read his “last written article”.

http://townhall.com/tipsheet/katiepavlich/2016/12/27/thank-you-dr-thomas-sowell-n2263923

http://townhall.com/columnists/thomassowell/2016/12/27/random-thoughts-looking-back-n2263648

V. Thomas Mawhinney, Ph.D., 12/27/16

Look-Out! No Lame-Duck Presidency For Obama!

June 29, 2014

Look-Out! No Lame-Duck Presidency For Obama!

America had better vote conservative…very conservative in November: Or an irreversible American Catastrophe may upon us.

Please read Thomas Sowell’s warning to us all.

http://townhall.com/columnists/thomassowell/2014/06/24/a-lame-duck-country-n1854779/page/full

V. Tom Mawhinney

 

The “Invisible Hand”: Why America Won And Is Now Failing

January 31, 2014

The “Invisible Hand”: Why America Won And Is Now Failing

In his 2007 book, Basic Economics: A Common Sense Guide to the Economy, Economist Thomas Sowell illustrates Adam Smith’s so-called “Invisible Hand” of the free market.

“How an incredibly complex, high-tech economy can operate without any central direction is baffling to many. The last President of the Soviet Union, Mikhail Gorbachev, is said to have asked British Prime Minister Margaret Thatcher: How do you see to it that people get food? The answer was that she didn’t. Prices did that” (p. 11).

“While markets coordinated by price movements—‘Capitalism’ as it is called—may seem like a simple thing, markets are misunderstood more often than some other things that are considered more complex. Although a free market economic system is sometimes called a profit system, it is in reality a profit-and-loss system—and the loses are equally important for the efficiency of the economy, because losses tell producers what to stop producing. Without knowing why consumers like one set of features rather than another,  producers automatically produce more of what earns a profit and less of what is losing money. That amounts to producing what the consumers want and stopping the production of what they don’t want. Although the producers are only looking out for themselves and their companies’ bottom line, nevertheless from the standpoint of the economy as a whole the society is using its scarce resources more efficiently because decisions are guided by prices” (p. 15).

“Near the end of the Soviet Union, two of these , Shmelev and Popov, whom we have already quoted, said: ‘Everything is interconnected in the world of prices, so that the smallest change in one element is passed along the chain to millions of others.’  Adam Smith, the most famous of all free market economists, could not have said it better. The Soviet economists were especially aware of the role of prices from having seen what happened when prices were not allowed to perform that role. But economists were not in charge of the Soviet economy. Under Stalin, a number of economists were shot for saying things that he did not want to hear” (p. 29).

No socialist or communist government on earth has ever been able to create the high levels of productivity, wealth and population standards of living, and a quality of life that the combination of political freedom and capitalism have. For example, while there are relatively poor people in America, they enjoy standards of living and conveniences that are envied around the world. Why else would quest to immigrate to America be so strong?

America’s great 1976 Nobel Prize winner in Economics was Milton Friedman. In his powerful book, Capitalism and Freedom: Fortieth Anniversary Edition (2009), he carefully documents that Capitalism,  Freedom and relative prosperity have been  closely associated in throughout history.

“I know of no example in time or place of a society that has been marked by a large measure of political freedom, and that has not also used something comparable to a free market to organize the bulk of economic activity.

Because we live in a largely free society, we tend to forget how limited is the span of time and the part of the globe for which there has ever been anything like political freedom; the typical state of mankind is tyranny, servitude, and misery. The nineteenth century and early twentieth century in the Western world stand out as striking exceptions to the general trend of historical development. Political freedom in this instance clearly came along with the free market and the development of capitalist institutions. So also did political freedom in the golden age of Greece and in the early days of the Roman era” (Kindle loc. 336).

History would indicate that large sociocultures based upon Marxism/Socialist or Welfare-State designs, by any measure, cannot provide a greater standard of living or quality of life for its citizens than politically free Capitalist societies.

From a psychological perspective, the contingencies of positive reinforcement (rewards), punishment (painful consequences) and extinction (no rewards) that are governmentally imposed by these cultural designs are “bassackwards”. As a result, these systems tend to produce citizens who are dependent upon their governments for their care and general well-fare.

Marxist and socialist societies often heavily resort to using punishment, even executions,  to control  the behaviors of their citizens. They badly mismanage the application of the  Law of Effect. You will recall that this psychological Law states that very important behaviors are controlled by consequences. Furthermore, behavioral science has clearly demonstrated that it is much more effective to use rewards to motivate behavior than to use coercion in the form of threats, fines, fear of imprisonment, or death.

Another important idea is that of the Law of Least Effort. The Law of least effort states that animals and humans tend to learn to obtain their rewards, or escape and avoid pain, in the least effortful ways available. For example, if  welfare entitlements, housing allotments, or disability awards, etc., are easily obtained by those who are capable of working very bad things will happen. In a welfare State, increasing numbers, so raised and acculturated, will settle for dramatically unproductive lives and lower standards of living. These segments of a population may commonly be called “lazy and irresponsible”. But their relatively useless culture-damaging and draining behavior patterns are technically “not their fault”. Their behavior is actually a result of the way their societies have arranged the contingencies of reinforcement for them.

The facts are clear, when creativity, inventiveness, diligent hard work, and lawful pro-social behavior patterns are no longer differentially reinforced within a population the rates of these behavior patterns will diminish. Instead, population rates of dependent, unproductive and damaging classes of behavior will increase.

Can you not see this in America today?

Wake-Up America!

VTM, 1/31/14

“Serious About Syria”? My Reasons Against Attacking Syria

September 5, 2013

“Serious About Syria”? My Reasons Against Attacking Syria

I hope you will read the article below, written by Thomas Sowell.

I must oppose a military assault on Syria.

Yes, I am made uncomfortable that leading conservatives like former Vice-President Cheney, Secretary of State Henry Kissinger, Secretary of Defense Donald Rumsfeld, not to mention Bill O’Reilly, are all in favor of such and attack.

I am further made uncomfortable by the fact that I am certainly no expert on such matters!

Yet, beyond my worry about the bumbling incompetence and deceitfulness of President Obama and his administration, I am deeply concerned of the following.

  • There are reports that the rebels in Syria are threatening, killing and terrorizing the Christians in that country.
  • There are reports of brutal executions of Syrian army personnel captured by the rebels.
  • There are reports that the Muslim Brotherhood is an active force among the rebels (the same Brotherhood that took-over and ruined the now dead fledgling democracy in Egypt)
  • I am concerned that America is printing money and devaluing our own currency, inflation is growing , and our economy is still badly degraded and fragile. America is in massive debt, with no end in sight and is in danger of bankruptcy.
  • We have stressed our military with wars in Iraq and Afghanistan and with precision strikes and surveillance throughout the world.
  • America has been at war in one place or another since 2002, 11 years. My reading of history tells me that even great powers begin to run-out of citizens to continue to fight wars somewhere around ten years. Furthermore such long-term wars leave civilizations depleted of the youth, health, and vigor needed to cope effectively with future threats to their successful evolution.
  • I believe our youth is declining in psychological health and educational accomplishments.
  • We are scraping the bottom of our national barrel to supply our military with competent personnel. To supplement traditional personnel resources we have now invited gays and married gays into the military and also women into full combat. This desperate far-recruitment-reach  will degrade our fighting abilities in many ways.
  • In the near future we will most likely have to wage a war of survival with Iran, which is hell-bent to create nuclear weapons and is now very near success. With America’s dwindling resources, it would be prudent to conserve what we have and ready-ourselves for whatever must be done to defeat Iran’s quest for nuclear weapons. We must not become distracted from our greatest threat and waste our resources for uncertain outcomes.  Fail to destroy Iran’s threat to the world and the consequences are likely to be horrific to the free world.
  • It is a fact that, all around the world there have been pogroms against, and mass slaughters of, innocent people since the beginning of time. America cannot alone stop them all, or even most of them. To try to do so will be to destroy ourselves to achieve an impossible goal.
  • The bottom-line must always be, is it in our best interests and can we take action without destroying ourselves in a futile process?

We will regain the world-stature, that Obama has lost for us, with the election of a strong and principled conservative. Fail in this and I fear all will be lost.

I say no to military action against Syria, at this time.

Instead, I say yes to the absolute destruction of Iran, if it does not scrub its nuclear weapons program.

VTM, 9/5/13

http://townhall.com/columnists/thomassowell/2013/09/04/serious-about-syria-n1690261/page/full

I Wonder If I Am A Libertarian # 7

June 27, 2013

Key Concepts of Libertarianism

By

David Boaz

January 1, 1999

I quote:

The key concepts of libertarianism have developed over many centuries. The first inklings of them can be found in ancient China, Greece, and Israel; they began to be developed into something resembling modern libertarian philosophy in the work of such seventeenth- and eighteenth-century thinkers as John Locke, David Hume, Adam Smith, Thomas Jefferson, and Thomas Paine.

Free Markets. To survive and to flourish, individuals need to engage in economic activity. The right to property entails the right to exchange property by mutual agreement. Free markets are the economic system of free individuals, and they are necessary to create wealth. Libertarians believe that people will be both freer and more prosperous if government intervention in people’s economic choices is minimized.

End of quote.

These assertions about a free markets, private ownership of property, the stultifying effects of governmental over-regulation, governmental ownership of businesses, and high tax rates to sustain an increasingly bloated, voracious and predatory governments are factual and beyond dispute.

However, one assertion needs special clarification because it is so universally mispercieved. Human’s can be largely free from governmental coercion, or the coercion of other people, and this is a main goal of a Libertarian cultural design. However, we are never free from the effects of our genetics, our learning histories, our current state of  health, or our immediate sociaocultural, economic, political and physical environments. The psychological laws and principles of conditioning and learning always affect us in major ways, without fail. And when we fail, we are failing to let them guide us.

The psychosocial casualties to which I refer are complex, layered and circular in nature; but our human behaviors remain a major part of this causal chain.

I will take, on faith and because we already did it one time, that humans can learn to design better sociocultures and that such improvements will in-turn shape more adaptive and generally beneficial forms of our thoughts, emotions and behaviors.

For an intellectually stunning and revealing book about human nature, the causes of our good and bad behaviors, and  important principles of cultural change, you must read Beyond Freedom and Dignity, by B. F. Skinner.

The assertions above are, or should be, beyond dispute. If someone wishes to argue against these bed-rock main features of human psychology or Libertarian cultural designs…the very principles that made America the greatest Nation on earth…I will ask that they do some reading to educate themselves.

A good start would be the following:

The Road To Serfdom, by F.A Hayek

The Path to Tyranny: A History of Free Society’s Descent into Tyranny, by Michael E. Newton

Libertarianism, by David Boaz

What It Means To Be A Libertarian, by Charles Murray

The Secret Knowledge: On The Dismantling of American Culture, by David Mamet

Trust: The Social Virtues and The Creation of Prosperity, by Francis Fukuyama

The End of History and the Last Man, by Francis Fukuyama

Basic Economics: A Common Sense Guide to the Economy, By Thomas Sowell

There are many more sources of historically factual and well-documented  information that powerfully support the basic tenants of psychology and Libertarianism. Some of these principles are counter-intuitive to ways of popular thinking, and that is the greatest of all problems now driving America’s decline.

In a word, what drives America’s decline is ignorance.

It is ignorance about the causes of the quality of our own behaviors, within an electorate that votes to design and redesign America’s political and social cultures so that its population may live long and well…or fail and fade into history.

To live long and well requires that our electorate understand the determinants of their own behavior and how various human behavior patterns will survive (or fail to survive) the many inter and intra-cultural stresses of the future, most of which are now known and often predictable.

V. Thomas Mawhinney, Ph.D.,  6/27/13

“Is This Still America?” Thomas Sowell

June 19, 2013

 “Is This Still America?” Thomas Sowell

It has been forever documented that trust is the basis for all sociocultural successes. The loss of trust between people is a damage beyond calculation.

http://townhall.com/columnists/thomassowell/2013/06/18/the-loss-of-trust-n1621768/page/full

VTM,  6/19/13

The Word “Diversity” Makes Me Wretch!

May 8, 2013

The Word “Diversity” Makes Me Wretch!

I have no problem with people being different. For better and for worse, this is the way of the human universe.

However, the word “diversity” has acquire a political meaning that has, in my experience, come to mean the destruction of an America which was gloriously constructed upon an older meaning of that term.

The following will explain why I am sickened by this and similar politically correct, progressive terms, used to deconstruct some of the best features of the traditional American Socioculture.

http://townhall.com/columnists/thomassowell/2013/05/08/words-that-replace-thought-“n1588497/page/full

VTM, 5/8/13

American Patriots Must Read Sowell’s Views On Immigration

April 26, 2013

American Patriots Must Read Sowell’s Views On Immigration

Since the Boston Bombing by Radical Islamic Terrorists, I have been searching for many words of response. I have found some in my own thoughts, but nothing as good as Thomas Sowell’s article below.

I want you to please take time to read this article. It is a sensible, reality-based call to rational thinking and behavior.

Wake-Up America!

http://townhall.com/columnists/thomassowell/2013/04/24/immigration-gambles-n1576137/page/2

VTM, 4/26/13

Liberalism Is Bad For Blacks…Also Reds, Yellows and Whites

January 20, 2013

Liberalism Is Bad For Blacks…Also Reds, Yellows and Whites

Please take time to read the following article about how Liberalism has damaged America’s black citizens.

Then please visit my blog to search over 800 of my blogs, many of which document how and why liberal principles have damaged us all and weakened America’s strength and viability in a hostile world.

http://townhall.com/columnists/thomassowell/2013/01/15/liberalism-versus-blacks-n1489212

VTM, 1/20/13


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