Quote of the Day – Tam Edition

From the Mistress of Snark once again:

I was going to make some comment about what a master stroke of electioneering it was for Obama to use his bully pulpit to get the GOP to pull its teeth out of his economic Achilles’ heel and go chasing off after the gay marriage issue, but then I realized it didn’t really take any kind of political genius at all. I mean, if you know the dog’s gonna chase the stick, you don’t have to be Machiavelli to throw it in front of the bus.

Thomas Sowell on Intellectuals and Society

The Hoover Institute’s Uncommon Knowledge program again interviews Thomas Sowell on one of his books, this time it’s the second edition of Intellectuals and Society.

[youtube https://www.youtube.com/watch?v=JyufeHJlodE?rel=0]

If you don’t have time for the whole interview, I have a couple of excerpts transcribed, the first paragraph being today’s Quote of the Day:

Thomas Sowell: Intellectuals have a great tendency to see poverty as a great moral problem to which they have the solution. Now, the human race began in poverty, so there’s no mysterious explanation as to why some people are poor. The question is why have some people gotten prosperous, and in particular why some have gotten prosperous to a greater degree than others. But everybody started poor, so poverty is not a mystery to be solved by intellectuals. More than that, one of the things I wish I’d put more emphasis on in the book is that intellectuals have no interest in what creates wealth, and what inhibits the creation of wealth. They are very concerned about the distribution of it, but they act as if wealth just exists – somehow. It’s like manna from heaven, it’s only a question of how we split it up.

(My emphasis.)  That paragraph stands alone, but there’s much more that goes along with it:

Peter Robinson: And why should that be? Why shouldn’t they find that question at least intellectually fascinating?

TS: Because it would destroy the whole vision that they have.

PR: Because it would lead to the answer of free markets…

TS: Well, it would say there are enormous numbers of reasons why people acquire the ability to create wealth, and they vary all over the world. And so, if you find for example that, centuries past, Germans living in Eastern Europe had much higher standards of living than the indigenous peoples of Eastern Europe, intellectuals would say that somehow the Germans had oppressed the people of Eastern Europe. Or the ones that were into genetic determinism would say that the Germans were born biologically superior to the people of Eastern Europe. But anyone with a knowledge of history would know that there are all kinds of reasons why Western Europe as a whole has far greater wealth-producing capacity than Eastern Europe. But of course, that would then cut out the role of intellectuals. They would then have to do what David Hume did, which was he urged his fellow 18th-century Scots to learn the English language because that would open up a whole world to them that they would not have otherwise.

PR: Which leads to another quotation that I found very striking here, in Intellectuals and Society. Part of this you’ve touched on. You write, although intellectuals pay a lot of attention to inequalities among racial and ethnic groups, quote:

“seldom…has this attention been directed…toward how the less economically successful…might improve themselves by availing themselves of the culture of others around them.”

That is a VERY arresting formulation. Poor people can improve themselves by availing themselves of the culture of others around them. What do you mean by that?

TS: I mean that the same things which allow some other people to prosper can allow them to prosper if they take advantage of those same things. The Scots were a classic example. They were one of the poorest and most ignorant people on the fringes of European civilization in centuries past. But once they, for whatever reason, began to educate themselves and especially to learn the English language – which became a passion, people all over Scotland, including Hume himself, were taking lessons in the English language.

PR: Hume’s first language was Gaelic?

TS: I don’t know if it was Gaelic.

PR: It was whatever they spoke in those days.

TS: Yeah. And from about the middle of the eighteenth century until the middle of the nineteenth century, the leading intellectuals in Britain were Scots! I mean, you had Adam Smith in economics, Hume in philosophy, Black in chemistry, you go through the whole list. (Not to mention James Watt.) And so they could do that. But that was an EXTREMELY rare thing for an intellectual to say. Most intellectuals in most countries around the world see the issue as how those who are more prosperous should be brought down, rather than how… and moreover that the people who are lagging should cling to their culture. I don’t know how you’re going to keep on doing what you’ve always done and get results that are different from what you’ve always gotten.

Easy! The culture cannot be wrong, so you do it again, only HARDER!  “Assimilation” is availing oneself of the culture around you, and it is what immigrants to this country did for literally decades.  But now, around the world immigrants are moving into foreign societies and retaining their cultures.  And the intellectuals are telling them toSharia law in England, violent sexual assaults on women in Sweden, Norway and Denmark, and here at home the culture of inner-city blacks has resulted in a population with a homicide rate more than six times that of the surrounding cultures, but what are they told to do by their so-called “leaders”?  Not assimilate!

But we’re not done yet.

At the end of the interview, Robinson asks Sowell about the upcoming elections:

Peter Robinson: Do you have a candidate? As we record this, the Republican primaries are still grinding on.
Thomas Sowell: There is none of the candidates of either party that would cause me to dance in the streets.
PR: Alright, is there ANYTHING as you look at the current prospect for this country and the Western world that WOULD cause you to dance in the streets?

TS: If I thought that the voters had some sense of realism, and that they were concerned with the larger questions rather than whose ex-wife said what and so on, or what Governor Romney did or did not do when he was head of Bain Capital – if they had some sense of the loss of freedom which is infinitely more important than any of the specific issues by themselves, that is Obamacare really is a HUGE step towards the loss of freedom. And it happens in small ways, but constantly. We can’t have the lightbulb that we want in our own home. We can’t flush the toilet with the kind of toilet we want. We can’t take a shower with the kind of showerhead we want. We can’t put our garbage out except broken down by the way that some little Gauleiters have decided we ought to do it. It’s just the accretion of these things, many of which are too small to be significant in themselves, but in the aggregate you can see the tendency of this. The people who think they know better and they ought to be telling us what to do. Those people are the danger, and if you don’t see that, I’m not sure what the future’s going to be like.

We’ve spent a century deliberately constructing a population that has no sense of realism, and it’s not just here, it’s worldwide.  The only thing I’m sure of is that future won’t be pleasant.

Sure as I know anything, I know this – they will try again. Maybe on another world, maybe on this very ground swept clean. A year from now, ten? They’ll swing back to the belief that they can make people… better. And I do not hold to that.

From My Cold, Dead Hands

There have been rumblings about the .gov salivating over the amount of money sitting in 401(k) plans nationwide, and the “nationalization” of those funds because they’re just too risky.  You know, you poor stupid peons just can’t be trusted to invest your own money, the government should do it for you.

This rumor gained some traction when the government of Argentina seized $24 billion in private pension assets in 2008.  Now CNN has given column space to one Yvonne Walker, “president of the Service Employees International Union (SEIU) Local 1000, which represents 95,000 California state employees.”  It seems Ms. Walker doesn’t think the employees should control their own money, either:

401(k)s are too risky for retirement

Sharon Edwards of Salem, Oregon, may have to move to Mexico, where the cost of living is cheaper, so she can afford her retirement.
She was always good about saving, but because of forced retirement at 62, the self-employed interpreter is now limited to a $500 monthly budget. Her finances are determined by Social Security, savings and the cost of treating a chronic lung disease. She worries about meeting her basic needs during her later years and thinks about selling her house to finance her expenses.
“When I budgeted for life as a single woman, I didn’t budget for 3% inflation, the loss of half of my retirement savings in the market crash, my hearing loss or early retirement,” she said.
Almost daily, we hear stories of the crisis stemming from the breakdown of the three-legged stool of retirement: traditional pensions, Social Security and individual savings. For the majority of Americans, one of the legs of the stool is already gone — traditional pensions. With its replacement, the 401(k), the stool is in danger of tipping retirees into poverty.

It goes on in this vein for a while, concluding:

We need to explore new innovative retirement models that provide guaranteed retirement income for all workers if we are going to be a country where once again working people can reasonably expect to be able to retire.

This year, California State Sen. Kevin De León and Darrell Steinberg, the Senate president pro tempore, made headlines for introducing legislation that would allow private-sector workers to enroll in a modest, state-operated retirement program.

A similar proposal has been championed by New York City Comptroller John Liu. The plan, based on a new retirement model created by New School economics professor Teresa Ghilarducci, would pool employee and employer contributions into a professionally managed, citywide retirement fund.

Although the future of these proposals is uncertain, they are a step in the right direction. Traditional pensions usually outperform their counterparts because they are managed professionally, and because they can use the average life expectancy of their participants for their investment time horizon.

We should look at what has worked well with traditional pensions, which keep nearly 5 million older Americans out of poverty, and use those attributes to reach more retirees. After all, shouldn’t retirement stories come with happy endings?

Yes, Ms. Walker thinks that the government should be in charge of investing our money for our retirement because, well, we’re just too stupid to do it for ourselves.

Should I point out that San Francisco’s public employee pension fund is “drowning in red ink”? So is Los Angeles‘.  Detroit’s, too, and many others.  So much for their planners being so much brighter than ours.

And what about that second leg of the stool – Social Security?  It runs out of money in 2033, according to the San Francisco Chronicle:

The trust funds that support Social Security will run dry in 2033 — three years earlier than previously projected — the government said Monday.

Except there is no “trust fund.” It’s full of IOUs from the Treasury Department, and Social Security payouts will exceed income not in 2033, but around 2018 if not earlier.

So no, Ms. Walker, you can’t have my 401(k) funds.

Period.

Quote of the Day – Larry Correia Edition

You bitch about America at the protests, where our police handle you with kid gloves. You pose like little anarchist douchebags in your Guy Fawkes masks (my GOD! These people are ignorant of history!) throw bricks at the cops and destroy other people’s property, and then scream and cry about your civil rights being violated, all while demanding to be more like other countries that would just machinegun you in the streets and be done with it. Monster Hunter Nation, Hate Mail Response to my Hate Mail! (and I Godwin the hell out of this post)

That’s the last paragraph. RTWT.

I Just Received a Survey / Begging Letter from the RNC

It had a questionnaire with 12 campaign questions, and then begged for $25, $50, $75 or $100 to help the RNC win the White House in November.

I filled out the questionnaire, but when it came to the donation amount, I checked the “Other” box and wrote in $0.

Then I attached this:

Romney?  Seriously?

The RNC

Will Get No Money from Me

It goes in the mail tomorrow, postage prepaid.