A response to my favorite Sowell quote:
"The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics."
-Thomas Sowell
On the Thomas Sowell quote, As I have mentioned before, he is a favorite of the white supremacist crowd, which really says a lot about who he speaks to. Of course the lesson of economics is a finite amount of everything, otherwise no one would need to buy it. But that general statement isn't new casserole true. The first lesson of economics is laziness. People will pay for anything that requires the least amount of work. When people are given the choice between growing their own food for free in their backyard, or buying food at a restaurant or a prepared meal, what will most people choose? When given the choice between paying for produce and meat and making food yourself, and ordering a pizza, what will most people choose? MOST aspects of our economy are built on taking advantage of people's laziness. People are willing to pay for any product or service that will make their life easier. So generally speaking there is pretty much an unlimited amount of goods and services that Americans are willing to buy if they can afford it, from a service that cleans up dog shit in your yard, to custom hats for your baby. So in America that rule doesn't really apply. What does however have a finite amount to go around is wealth, and the more wealth we hand up to the top percentages, who know how to manipulate and hide it, in the most literal way takes from everyone else. There are only so many slices of the pie to go around, and when the richest people get the most pieces of pie, that leaves nothing but a slice and some crumbs for everyone else to fight over.
More baseless smears, more deflection, more yammering that the economy is a zero-sum game. The denial of scarcity is the cherry on top.
"The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics."
-Thomas Sowell
On the Thomas Sowell quote, As I have mentioned before, he is a favorite of the white supremacist crowd, which really says a lot about who he speaks to. Of course the lesson of economics is a finite amount of everything, otherwise no one would need to buy it. But that general statement isn't new casserole true. The first lesson of economics is laziness. People will pay for anything that requires the least amount of work. When people are given the choice between growing their own food for free in their backyard, or buying food at a restaurant or a prepared meal, what will most people choose? When given the choice between paying for produce and meat and making food yourself, and ordering a pizza, what will most people choose? MOST aspects of our economy are built on taking advantage of people's laziness. People are willing to pay for any product or service that will make their life easier. So generally speaking there is pretty much an unlimited amount of goods and services that Americans are willing to buy if they can afford it, from a service that cleans up dog shit in your yard, to custom hats for your baby. So in America that rule doesn't really apply. What does however have a finite amount to go around is wealth, and the more wealth we hand up to the top percentages, who know how to manipulate and hide it, in the most literal way takes from everyone else. There are only so many slices of the pie to go around, and when the richest people get the most pieces of pie, that leaves nothing but a slice and some crumbs for everyone else to fight over.
More baseless smears, more deflection, more yammering that the economy is a zero-sum game. The denial of scarcity is the cherry on top.
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