Thomas Sowell: In The Right Direction - 2 of 6

2005 Fox News Special interview by Fred Barnes.

Category:

News & Politics

Tags:

• rush limbaugh
• economics

[shaqdaddy11]

@greatleaper Alot of what Naomi Klein says is based on personal opinion and no real factual info. How can people take her seriously?

[greatleaper]

@Runesocesius Sure, on some social issues, such as legalization of drugs, liberals and Friedman agree, but since Friedman's social views are linked with his economic philosophy, on the big social issues like health, welfare, education, taxes, 'consumer protection' and the environment, the liberal belief in the positive role of government intervention is totally at odds with Friedman's libertarian views.

[shaqdaddy11]

Recently we had a hurricane in DE. I asked a friend who lived at the beach about his insurance. He complained that a private insurance company would not insure his house. But he pridefully said "but the govt did insure it". So the question became why wouldnt a private insurance company insure his house? Because of flood risk. Well this yr hurricane came and his house flooded and now its being repaired. Next yr if a hurricane comes it will be flooded again and again and again and again.

[Ravengaurd6]

@neonaction actually the dissolution of the minimum wage would allow those to people to work. they have little skill and little ability but without the minimum wage they can be hired to work for wages worth the work they produce. also their are non profits and philanthropic operations that are rich with freely given resources for charity. people do take care of each other. look at the statistics on the free healthcare that used to be given out in the past before regulations on it drove it away.

[MRKetter81]

Actually... drilling for more oil would give you a immediate price reduction, because speculators would see the oil increase coming down the road; making each barrel of oil they own worth less. The speculators would then sell off their oil while the oil price is at it's peak.

Hell even word of mouth for drilling for more oil causes some speculators to cell their oil shares early.

[TheFreethinker71]

@neonaction I think he would say that private charities would be charged with helping those that the market may not be helping. The problem with our current system is that govt agencies have crowded out private charity through excessive rules and regs that make it hard for them to operate. I have heard Milton Friedman (a teacher of Sowell's) advocate we go back to the time where private Mutual Aid Societies flourished (around 1900) by helping those in need and govt had a very small role.

[worldofdraculas]

@neonaction Charities, churches, community level organizations, etc would be his response, I imagine.

[neonaction]

I agree a lot with what he says. But what is his position for the unfortunates in society such as the disables and elderly? The market certainly does not take care of them, they have no usable skills, and if they have no friends and families, what would sowell say?

[Runesocesius]

@greatleaper On economic issues i would agree. But many agree with him on social issues and even religious views.

[greatleaper]

@Runesocesius The point is that Friedman is hated by today's liberals, in no small part because of Naomi Klein.