Thomas Sowell on Elites

http://www.futureofcapitalism.com/2010/07/thomas-sowell-on-elites

Thomas Sowell has a new column out: "One of the ideas that has proved to be almost impervious to evidence is the idea that wise and far-sighted people need to take control and plan economic and social policies so that there will be a rational and just order, rather than chaos resulting from things being allowed to take their own course."

He goes on, "How was it even possible that transferring decisions from elites with more education, intellect, data and power to ordinary people could lead consistently to demonstrably better results?"

by Editor  |  Jul 30, 2010 at 11:32 am Related Topics:  Hayek, Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list