Freedom's Fidelity

Thursday, June 19, 2003

I've always admired Thomas Sowell for his seemingly simple, but cutting intellect. Even his "random thoughts" are more provoking than most thought out thoughts.

Much of what are called "social problems" consists of the fact that intellectuals have theories that do not fit the real world. From this they conclude that it is the real world which is wrong and needs changing.

and

Insurance companies are in the business of reducing given risks and transferring them, for a price. Non-profit advocacy groups are in the business of maximizing fears from given risks, in order to attract the donations that keep them going. Yet because the latter's income is not called by the dreaded word "profit," they are considered to be doing something more noble.

Read the rest.

posted by Paul  permalink | |