Link: Sowell on Economic Facts and Fallacies
I have just listened to a podcast featuring Thomas Sowell. The podcast can be downloaded from the link above. The link also has a text summary of what was said.
I think there are a number of problems with what Sowell says. I especially have issues with what he says on the topic of immigration. He makes many logically inconsistent statements.
Sowell says society does not have a say on what CEOs are paid because there is no such thing as a society. There is no person named "society." The CEO is just paid by the person who hires him. Then when Sowell talks about immigration he talks about what is "best for us." When he says "us" he means "society." Society doesn't hire the CEO. Likewise, under a pure Libertarian immigration system society does not hire immigrants. Rather, employers employ them. It is inconsistent for Sowell to criticize the immigrant who works yet praise the CEO.
One moment Sowell says he is against central planning, saying that knowledge is dispersed and that the elites don't know what is best for all. Then when he talks about immigration he talks about how "we" should select "good" citizens? In other words, he wants immigration to be centrally planned. Instead of letting employers and immigrants get together voluntarily for free exchange, he wants the Federal Government to centrally decide who comes in based on a imaginary notion of a "society" or a fantasy idea of "citizenship."
Sowell does a good job arguing against central planning and socialism, yet when the issue is immigration, he turns socialist himself.
If you go to EconTalk website link above you'll see I have put these criticisms in the comments section, so be sure to read that to see how the argument progresses, if it does progress at all.