THE WASHINGTON TIMES
Thomas Sowell, a living legend in the field of economics, says he fears the U.S. may eventually succumb to the siren song of socialism.
The author of “Basic Economics,” “The Vision of the Anointed,” “The Quest for Cosmic Justice” and numerous other books said the U.S. may very well go down a path of financial ruin due to “wonderful-sounding” rhetoric.
Mr. Sowell, a Marxist in his youth, made the remarks Tuesday while appearing with Fox Business Network’s David Asman.
“I do have a great fear that, in the long run, we may not make it,” Mr. Sowell said. “I hate to say that. The one thing that keeps me from being despairing is that we don’t know. There are so many things that we can’t possibly know. And so, we may make it, but I wouldn’t bet on it.”
The author said that time and time again, people adopt willful ignorance regarding socialism’s track record around the world.