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Wealth, Poverty, and Politics


Wealth, Poverty, and Politics

Recorded on September 18, 2015
Hoover Institution fellow Thomas Sowell discusses poverty around the world and in the United States. Poverty in America, he says, compared to the rest of the world, is not severe. Many poor people in poverty in the United States have one or two cars, central heating, and cell phones. The real problem for the poor is the destruction of the family, which Sowell argues dramatically increased once welfare policies were introduced in the 1960s.

Thomas Sowell - Production, Inequality and Human Capital

From Uncommon Knowledge with Peter Robinson, Economist Thomas Sowell shares wisdom and insight from his newly-revised classic work, “Wealth, Poverty and Politics.”

Thomas Sowell - The Third World Buys What They Want and Begs For What They Need

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Thomas Sowell on Wealth Creation, Human Capital & Colonialism

Thomas Sowell on American Interests (1983) discussing how to create wealth, the importance of human capital (skills) in groups, and colonial effects on wealth throughout the world.

Credit to American Interests & Lost Chromosome

Thomas Sowell on the Myths of Economic Inequality

Recorded on November 15, 2018

Thomas Sowell discusses economic inequality, racial inequality, and the myths that have continued to falsely describe the system of poverty among different racial and economic classes. He explains the economic theories behind these pervasive myths and proposes fact-based solutions for seemingly intractable situations.

Sowell discusses his early life as a high school dropout and his first full-time job as a Western Union messenger delivering telegrams. He admits to flirting with Marxism in his early twenties as he first tried to grapple with the housing inequality he saw across the neighborhoods of New York City. Marxism, he says, was the only explanation he could find at the time. He went on to serve in the Marine Corps before continuing his education in economics at Harvard and earning a master’s at Columbia and a PhD at the University of Chicago.

Sowell’s first job after his receiving his PhD in economics was working for the Department of Labor, and he says it was there that he realized Marxism was not the answer. He argues that the government has its own institutional interests in inequality that cannot be explained through Marxism. He began to be discouraged by Marxism and the government in general and began searching for better economic ideas and solutions (the free market).

Robinson and Sowell discuss Sowell’s written works, his ideas of racial and economic inequality, the state of the United States today, and much more.

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Economist Sowell: Economic statistics can be misleading

‘Wealth, Poverty and Politics’ author and economist Thomas Sowell on how the Democrats tout the economy and says economic statistics can be grossly misleading.

Income and Wealth Inequality: Crash Course Economics #17

Inequality is a big, big subject. There's racial inequality, gender inequality, and lots and lots of other kinds of inequality. This is Econ, so we're going to talk about wealth inequality and income inequality. There's no question that economic inequality is real. But there is disagreement as to whether income inequality is a problem, and what can or should be done about it.


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Thomas Sowell is Back Again to Discuss His Book Wealth, Poverty, and Politics

Recorded on September 8, 2016
Hoover Institution fellow Thomas Sowell discusses inequality and how it is part of the human condition. Sowell notes that political and ideological struggles have led to a dangerous confusion about income inequality in America. We cannot properly understand inequality if we focus on the distribution of wealth and ignore wealth production factors such as geography, demography, and culture. What is important is not inequality but human capital; once human capital is unleashed it creates an enormous amount of wealth for people of all classes. In addition there needs to be a sense of humility and gratitude for the generations that have gone before us for the prosperity we have today.

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Episode 159: Wealth, Poverty and Politics: An International Perspective (with Thomas Sowell)

Thomas Sowell joins us for a discussion about disparites of income and wealth between and within nations, as part of Equality Month at

What are some of the geographical factors throughout history that lead to unequal outcomes? Can we tease out a causal direction for something like cultural dishonesty? Is isolation—cultural, geographic, and otherwise—always bad for a society? How does all of this relate to the ongoing income inequality debate in America?

Show Notes and Further Reading

Thomas Sowell’s newest book is Wealth, Poverty, and Politics: Revised and Enlarged Edition (2016).

Sowell mentions J. D. Vance’s Hillbilly Elegy: A Memoir of a Family and Culture in Crisis (2016).

Freedom on Trial is our new courtroom drama that takes viewers into the heart of the everyday issues that arise when an employer’s desire to hire more employees runs into the barrier of minimum wage laws, and when the government’s plans to “solve” income inequality only makes things worse.

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Thomas Sowell - Wealth, Poverty and Politics

Peter Robinson (Uncommon Knowledge) questions Sowell on the contentions he makes in his latest book, “Wealth, Poverty and Politics.”

Malzberg | Thomas Sowell on his book Wealth, Poverty, and Politics: An International Perspective”

Senior Fellow, Hoover Institution, and Author of Wealth, Poverty and Politics joins Steve to discuss his latest book: Wealth, Poverty, and Politics: An International Perspective” and more. See:

Wealth, Poverty, and Politics Audiobook by Thomas Sowell

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Wealth, Poverty, and Politics Audiobook by Thomas Sowell Reviews:
Publisher's Summary
In Wealth, Poverty, and Politics, Thomas Sowell, one of the foremost conservative public intellectuals in the country, argues that political and ideological struggles have led to dangerous confusion about income inequality in America. Pundits and politically motivated economists trumpet ambiguous statistics and sensational theories while ignoring the true determinant of income inequality: the production of wealth. We cannot properly understand inequality if we focus exclusively on the distribution of wealth and ignore wealth-production factors such as geography, demography, and culture. Sowell contends that liberals have a particular interest in misreading the data and chastises them for using income inequality as an argument for the welfare state. Refuting Thomas Piketty, Paul Krugman, and others, Sowell draws on empirical data to show that the inequality is not nearly as extreme or sensational as we have been led to believe. Transcending partisanship through a careful examination of data, Wealth, Poverty, and Politics reveals the truth about the most explosive political issue of our time. ©2015 Thomas Sowell (P)2015 Blackstone Audio, Inc.
You can download Wealth, Poverty, and Politics Audiobook by Thomas Sowell and read offline for free after subscribe to audible

The Hard Line | Thomas Sowell on his new book, “Wealth, Poverty and Politics

The Hoover Institution senior fellow will discuss his new book, “Wealth, Poverty and Politics, the state of race relations in the U.S., and his thoughts on Donald Trump, Gov. Bobby Jindal, Gov. Scott Walker, and the rest of the GOP presidential candidate field.

A Reading_Thomas Sowell-The Welfare State Vision-Wealth,Poverty & Politics

Books | Wealth, Poverty and Politics by Thomas Sowell Book Review, Favorite Ideas, and Takeaways


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More from Thomas Sowell-Solutions from Wealth, Poverty and Politics

Ethnic politicians, like identity politics people, yeah, they are parasites, losers, hustlers and parasites.

THOMAS SOWELL: Wealth, Poverty and Politics

Dr. Thomas Sowell reads out a passage from his own book
RELEVANCE TO THE HERALD INSTITUTE: Our mission involves real countries with tens of millions~billions of real people with real lives--we have the responsibility to employ only tools which have a track record of effectiveness.
As such, the leadership of The Herald Institute excludes anyone with merely ideas of how things should be done. Rather, Trustees are limited to those whose knowledge is of how things have actually worked.
View other Illustrative Video Clips explaining concepts which are fundamental to Statesmanship and to the mission of THE HERALD INSTITUTE--either here in our Official YouTube Channel HERALD INSTITUTE MEDIA or in our Official Facebook Page Or visit us at

Wealth, Poverty and Politics-Geographic Issues-A Short Reading

Escaping Poverty: On the topic of African nations and wealth

A live interview with Douglas Kruger, author of 'Poverty Proof,' and 'Political Correctness Does More Harm Than Good.'

What are the two pillars necessary for economic prosperity? And how do strong central governments, advised by Marxist economists, undermine that potential? Douglas Kruger looks at how French economic advisors compromise the development of African nations.

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