[JBW]

Thomas Sowell is never one to mince words, but he strikes at the heart of the liberal credo in this one. More on http://www.jonathanbwilson.com

[Koblenz]

This article in the NYT said that Walmart should pay more benefits, such as GM and Ford had done. The next day, both Ford and GM had their debt downgraded to junk status. Great advice for Walmart to follow...

[thejokker]

it is the responsibility of business to maintain a strong middle-class. our nations strength depends upon it. how many billionaires on the list of the richest men in the world are wal-mart executives? this is an issue where neither "party" has the high ground. clearly business cannot be restricted by undue government regulation but neither is it acceptable to create a new "elite" class of wealthy businessmen while the middle-class is reduced to serfdom...

[evad]

What a shame that black thinkers like Sowell represent such a small percentage of the black population.

[laishly]

Great post! Thanks!

[PMCarey]

Just finished reading Sowell's Basic Economics - a must-read for anyone interested in learning economics as taught from a market-oriented approach. The book is outstanding.

[American Vet Repairman]

"Think about it: What the busybodies are saying is that third parties like themselves -- who are paying nothing to anybody -- should be determining how much somebody else should be paying those who work for them."


Mr. Sowell is 'da bomb! I tell those who work with me and bitch, "You have the best job you could get." The qualifications of the average Wal Mart employee is just above McDonalds level. There is nothing wrong with that but to make money you have to move up the skills food chain.

Most liberals that wine have never owned a business.

[The Great Yazoo]

It would be devastating to the egos of the intelligentsia to realize, much less admit, that businesses have done more to reduce poverty than all the intellectuals put together. Ultimately it is only wealth that can reduce poverty and most of the intelligentsia have no interest whatever in finding out what actions and policies increase the national wealth.

Every penny of wages paid by Wal-Mart comes from the prices paid by Wal-Mart shoppers. So, forcing Wal-Mart to pay more for labor benefits Wal-Mart employees on the backs of Wal-Mart's customers. This, the intelligensia can stomach, because the intelligensia is over-represented in the ten percent of Americans who did not shop at Wal-Mart last year.

[VRWCmember]

They certainly don't feel any "obligation" to learn economics, out of a sense of "social responsibility," much less because of any "social contract" requiring them to know what they are talking about before spouting off with self-righteous rhetoric.

Whoa! If these "scholars" can actually read and comprehend this, that would really sting. Better put some ice on that.