"Benefits earmarked for a particular group are especially helpful for that group’s political leadership, even if these benefits are less valuable than alternative benefits the group might have obtained by alternative policies benefiting the society as a whole. Moreover, the attempt to obtain earmarked benefits may arouse far more opposition from other groups, therefore reducing the likelihood or the magnitude of such benefits, but they are still in the interest of the group’s political leaders. If the group benefits as members of the larger society, that is no feather in the cap of racial or ethnic leaders.....
"In short, political 'solutions' tend to misconceive the basic issues. However, these misconceptions may serve the political leadership well, even if they are counterproductive for the racial or ethnic group in whose name they speak."~ Thomas Sowell, from his book The Economics and Politics of Race: An International Perspective [hat tip Cafe Hayek]
Thursday, 2 February 2023
Did someone say "Willy Jackson"?
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