Wealth, Poverty and Politics, a New Book by Thomas Sowell

By Ammoland

By Walter E. Williams
Editors Note: AmmoLand News welcomes Walter E.Williams to our growing list of the best and brightest conservative commentators.

USA –

Sowell argues there are many factors that explain wealth differences among nations, as well as people within those nations. One of the more obvious explanations is that some people have greater productive capacity than others. Or they seized more of what others produced or had what they produced taken from them. For example, Spain conquered indigenous people in the Western Hemisphere. Spaniards looted 200 tons of gold and 18,000 tons of silver. But despite that wealth transfer, Spain is one of the poorer countries in western Europe today, surpassed economically by countries — such as Switzerland and Norway — that never had an empire, so there obviously are many factors at play when it comes to wealth differences.

Sowell discusses the impact of a number of these factors. One is geography. Hardly anyone considers its impact on achievement and wealth. For …Read the Rest

Source:: AmmoLand