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Thomas Sowell on Economic Facts and Fallacies

EconTalk

CHAPTER

The Importance of Ideology Over Facts

I think it was Hayek who explained his explanation for why intellectuals were more likely to be socialists than capitalists. So that was an early public choice argument which I have always found comforting. Let's move on to a set of global issues that you talk about in the book. A lot of people blame European colonialism for exploiting poor nations, leaving them poor and using that as an indictment of typically what's called the West.

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