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.
Thomas Sowell of Stanford University's Hoover Institution talks with EconTalk host Russ Roberts about the ideas in his new book, Economic Facts and Fallacies. He discusses the misleading nature of measured income inequality, CEO pay, why nations grow or stay poor, the role of intellectuals and experts in designing public policy, and immigration.