Thomas Sowell doubts 'the entrepreneurial spirit' will win out in America

Noted economist supports a government shutdown to achieve fiscal goals, but predicts there is no political will to do so and questions the country's leadership

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News & Politics

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• Thomas Sowell
• Larry Kudlow

[shaqdaddy11]

Lol Tom's honesty is so depressing.

[jamo387]

I think it will take a change in the attitudes of the very Americans who voted in these jokers to begin with. The "rugged individualism" and "entrepreneurial Spirit" of the recent past has been replaced by the entitlement society. Until that changes, I see our continual slide into third-worldism. Sowell is our most important voice for individual and economic freedom today. Thanks to liberty pen, ForaTV and the Hoover institute amongst others, like yourself, for getting his words out there.

[Skevvy]

Thomas Sowell, a k a, the smartest man in America, hit the center of the bullseye with his call of Republicans chickening out. Just send all those other pundits home

[GunsNRosesbitches]

@eggory Hong Kong may not be a sovereign country, but it has a different economic and legal system than the rest of China. It is still a "Special Administrative Region". Hong Kong has never had political freedom because in the early days, it was under British rule and currently it is part of China. However, Milton Friedman mentioned that an absence of political freedom does not imply an absence of economic freedom. Economically speaking, Hong Kong is more free than the US...but China is not.

[eggory]

@GunsNRosesbitches That's true, however as I said, Hong Kong is not a sovereign country, it's part of the nation of China. China as a whole is not freer than the U.S., and Hong Kong as a region within China is not communist. When Sowell says that the U.S. is less free than a communist country, he is trying to have it both ways, and he is being purposely misleading.

[GunsNRosesbitches]

@eggory Hong Kong has more economic freedom than anywhere in the world.

[eggory]

Sowell can't or won't make up his mind whether Hong Kong is part of China or not. I'm pretty sure Hong Kong as distinct from China is not a communist "country". Yet all of China, including Hong Kong, is no doubt less free than the U.S., or else I'm sure he would've just said China is freer than the U.S. instead of Hong Kong specifically.

[USA4July1776]

Nation-states & settlers such as home owners, the middle class, that entire paradigm itself will flounder.

Nomads have taken over, in the form of illegal migrants who represent the free flow of labor as dictated by the market-needs of globalization, or the jet setters who represent the free flow of capitals on the other extreme of the socio-economic spectrum, while yupies enjoy Wal-Mart, which represents the free flow of goods, funding that entire new world order which will wipe out this world.

[pretorious700]

Larry Kudlow talking to Thomas Sowell is like a monkey trying to figure out a rubic's cube.

[jamo387]

@shaqdaddy11 Well, get out there, join your local tea party and get involved. If our founding fathers just got "depressed", this country would not exist.

[shaqdaddy11]

@jamo387 your right its not a great mystery. But it's still depressing.

[jamo387]

@shaqdaddy11 Seeing what is happening to our once great republic, this is no great mystery.