Thomas Sowell on Redistribution and Poverty in the 20th Century

„The history of the 20th century is full of examples of countries that set out to redistribute wealth and ended up redistributing poverty“

Thomas SowellThomas Sowell explains how redistribution policies in the 20th century often led to the spread of poverty.
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Thomas Sowell is an American economist and social philosopher known for his conservative views and economic writings.

This quote describes the often unintended consequences of redistribution policies in the 20th century.


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Quote by Thomas Sowell about redistribution of wealth and poverty in the 20th century

Thomas Sowell (born 1930) is an American economist, social theorist, and author. He is known for his extensive studies and critical views on economic and social issues, including politics, culture, and race relations.

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"Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it. Even countries that were once more prosperous than their neighbors have found themselves much poorer than their neighbors after just one generation of socialistic policies." Thomas Sowell
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Quote by Prof. Hans Hermann Hoppe on governments as threat to human securityCopyright © yoice.net – Quote Artwork
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"The recently ended twentieth century was characterized by a level of human rights violations unparalleled in all of human history. In his book Death by Government, Rudolph Rummel estimates some 170 million government-caused deaths in the twentieth century. The historical evidence appears to indicate that, rather than protecting life, liberty, and the pursuit of happiness of their citizens, governments must be considered the greatest threat to human security." Prof. Hans Hermann Hoppe
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