appeared on Glenn Beck’s May 27 program and Beck asked him if the United States was still a capitalist country.
“Oh, heavens, partially,” Sowell replied. “We’re not a socialist country, because the socialists believe in government ownership of the means of production. But, the fascists believe that the government should have private ownership and the politicians should tell people how to run the businesses. So that’s the route we seem to be going.”
The Stanford University economist chastised President Barack Obama’s administration for leading the United States down this path economically and noted it would have an impact on the country’s foreign policy.
Sowell said. “I think our foreign policy is gonna lead to changes that will be definitely for the worse, particularly if we drift into a nuclear Iran, which I gather that’s what the administration is doing.”
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