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Publisher's Summary

In Wealth, Poverty, and Politics, Thomas Sowell, one of the foremost conservative public intellectuals in the country, argues that political and ideological struggles have led to dangerous confusion about income inequality in America. Pundits and politically motivated economists trumpet ambiguous statistics and sensational theories while ignoring the true determinant of income inequality: the production of wealth. We cannot properly understand inequality if we focus exclusively on the distribution of wealth and ignore wealth-production factors such as geography, demography, and culture. Sowell contends that liberals have a particular interest in misreading the data and chastises them for using income inequality as an argument for the welfare state.

Refuting Thomas Piketty, Paul Krugman, and others, Sowell draws on empirical data to show that the inequality is not nearly as extreme or sensational as we have been led to believe. Transcending partisanship through a careful examination of data, Wealth, Poverty, and Politics reveals the truth about the most explosive political issue of our time.

©2015 Thomas Sowell (P)2015 Blackstone Audio, Inc.

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    4 out of 5 stars

Informative and shocking

I really loved how many preconceptions were just swiftly invalidated, or heavily deconstructed to the point of annihilation. This book is great for those who wish to gain some insight and analytical perspective.

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Excellent paradigm shifting information

Thomas Sowell presents an alternative perspective on economics than what you'll hear from much of the main stream media. It will challenge your assumptions.

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  • Steven Schardein
  • 02-10-2015

A paradigm shift on the subject of equality

Common Sense. It is a term so reflexively invoked that its true meaning has been diluted and its significance misplaced. But it is with this foundational component that Dr. Sowell concocts all of his brilliant analyses of economic conundrums, many of which are truly not as complex as they have been made out to be.

Wielding the power of Occam's Razor, Wealth, Poverty, and Politics is the latest in this long stream of impactful contributions from Sowell. He is my favorite economist, though if you happen to find yourself deeply embedded within the throes of the intelleligentsia, he could very easily become your least favorite after his crystal-clear interpretations of statistical quagmires effectively shatters everything you thought you knew about current affairs.

Proceed with caution and excitement. Highly Recommended.

12 of 12 people found this review helpful

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  • Doug
  • 16-09-2015

Important Contribution

The author brings clarity and common sense to questions of importance. If you are interested in the many reasons for social progress, prosperity, inequality and the success or failure of government programs, read this book.

10 of 10 people found this review helpful

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  • Leo
  • 06-10-2015

Liberals may not like but they should read

This is a great explanation of how affirmative action not based on productivity, causes more hindrance than help.

8 of 8 people found this review helpful

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  • Tim
  • 09-11-2015

Assists in understanding modern cultural movements

This book uses an information based argument to better understand the driving forces of cultural movements of 2015. The book spends time showing similar movements causes and effects on a global scale.

4 of 4 people found this review helpful

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  • Adam
  • 27-11-2015

Must read, facts & analysis vs hyperbole & myths

Great book must read. Gives perspective to conditions today. Provides facts and analysis to support counter arguments to many fallacies circulating in popular culture, politicians, and the media.

3 of 3 people found this review helpful

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  • Chrobry
  • 13-11-2015

Thomas Sowell what else one need to know?

brilliant. while a lot of it already covered in his other books, such as culture and conquest, this book is still amazing. I can't recommend it enough and should be required reading.

3 of 3 people found this review helpful

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  • Jefferson
  • 21-10-2015

Great insight on the global economy

Where does Wealth, Poverty, and Politics rank among all the audiobooks you’ve listened to so far?

This is one of the top books I've listened to so far... the facts help an individual approach situations on a new level.

Did you have an extreme reaction to this book? Did it make you laugh or cry?

I didn't have an extreme reaction, but the book really did make me think of how every situation has two sides to it.

6 of 7 people found this review helpful

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  • Theo Rose
  • 28-09-2017

Must listen, read, and recommend others to.

If you find yourself getting into political debates with complete idiots and you yourself running low on evidence to back your claims, you would benefit tremendously to listen, read and recommend this iconic work. Anything Sowell writes is likely to enlighten. History doesn't produce many like him. It punches demagoguery and media bias in the gut and it will arm you with the facts about wealth, poverty and politics.

2 of 2 people found this review helpful

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  • Wayne
  • 09-12-2015

Simply amazing factual analysis!

I've reviewed two other Thomas Sowell books here so it should be no surprise that I view him as a national treasure. He is also one of the wisest people in the world. Wealth, Power and Politics covers a lot of human economic history as well as surveying economic conditions in the around much of the world today. Sowell makes the case that social justice warriors hate concerning income distribution: The five quintiles of income distribution are not static because people move from poverty to comfort and even wealth sometimes to drop back to lesser earnings during their lives. Personal and family income is not static during out lives. Many people leave poverty while others descent into poverty. He also notes that income is not wealth although our tax laws treat it as such. Sowell also makes the often missed point that government income statistics are based on family income and that those with higher income also have larger and intact families.

As a southerner who grew up in a rural white redneck culture and , indeed, in such a family, I appreciate that Sowell writes that what one often sees in urban black neighborhoods is a very similar culture. He makes that case more strongly in his book Black Rednecks and White Liberals.

Sowell also discusses slavery as a situation that was not a situation unique US or one that has only impacted blacks. Slavery has been practiced in many societies for many centuries. The west ended slavery. My personal view is that slavery and Jim Crow that followed its end in the south are major blots on US history.

It is a pity that the people who most need to read or listen to this book are the progressives who will not read it.

12 of 17 people found this review helpful

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  • Christopher
  • 23-11-2017

Excellent international look

Great insight into the cultural and economic perspective of the various international cultures.... liberals need to read a book like this!

1 of 1 people found this review helpful

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  • Amazon Customer
  • 18-10-2018

Thomas Sowell dropping bombs

Never before have I had my world view expanded by any book than this one. Forget what you think you know about people and how they've acted in the past or why and how wealth is created by people and ideas this is the book of all books.