I know it’s been asked numerous times but the fact that liberal progressives hides this man’s work taught me everything I needed to know about Identity politics and so called racism
@@MartinMartinm Nonsense, Sowell's books are not mainstream, they never were. Many schools and colleges have gone from having an ideological left slant to full blown woke and have absolutely no desire to give equal attention to left wing and right wing authors. It would not serve their interest. Most college kids have no idea who Thomas Sowell is. So yeah, for many people his work remains hidden.
@@goreds551 yes they are. His book ''basic economics'' was a very popular book and still is. Countless people on the American right have had sowell on their TV shows, even modern times. I guess the problem here is that the American right in general see themselves as dissident which is ironic givin the amount of platform they are. Liberal conservatism/libertarianism are certainly popular within America.
@@MartinMartinm Wrong! His books are definitely not mainstream. They may be popular with older conservatives, and increasingly younger conservatives, but that does not equal mainstream, how many people under 40 actually know him? The fact of the matter is he is not taught in the large majority of colleges and he is not mentioned on most news media platforms which in America are mostly left. If his work ever becomes mainstream so both liberals and conservatives learn about him, that would be great, but right now that is not the case.
Allah سبحانه وتعالى said, ذَٰلِكَ بِأَنَّهُمْ قَالُوا لِلَّذِينَ كَرِهُوا مَا نَزَّلَ اللَّهُ سَنُطِيعُكُمْ فِي بَعْضِ الْأَمْرِ ۖ وَاللَّهُ يَعْلَمُ إِسْرَارَهُمْ This is because they said to those who hate what Allah has sent down (i.e. the Jews): "We will obey you in part of the matter." But Allah knows their secrets. [Muhammad 47:26] فَتَرَى الَّذِينَ فِي قُلُوبِهِم مَّرَضٌ يُسَارِعُونَ فِيهِمْ يَقُولُونَ نَخْشَىٰ أَن تُصِيبَنَا دَائِرَةٌ ۚ فَعَسَى اللَّهُ أَن يَأْتِيَ بِالْفَتْحِ أَوْ أَمْرٍ مِّنْ عِندِهِ فَيُصْبِحُوا عَلَىٰ مَا أَسَرُّوا فِي أَنفُسِهِمْ نَادِمِينَ And you see those in whose hearts there is a disease (of hypocrisy), they hurry to their friendship, saying: _"We fear lest some misfortune of a disaster may befall us."_ Perhaps Allah may bring a victory or a decision according to His Will. Then they will become regretful for what they have been keeping as a secret in themselves. [Al-Maa'idah 5:52] مَن كَانَ يُرِيدُ الْعِزَّةَ فَلِلَّهِ الْعِزَّةُ جَمِيعًا ۚ إِلَيْهِ يَصْعَدُ الْكَلِمُ الطَّيِّبُ وَالْعَمَلُ الصَّالِحُ يَرْفَعُهُ ۚ وَالَّذِينَ يَمْكُرُونَ السَّيِّئَاتِ لَهُمْ عَذَابٌ شَدِيدٌ ۖ وَمَكْرُ أُولَـٰئِكَ هُوَ يَبُورُ Whosoever desires honour (power and glory), then to Allah belong all Honour, Power and Glory. To Him ascend (all) the goodly words, and the righteous deeds exalt it, but those who plot evils, theirs will be severe torment. And the plotting of such will perish. [Faatir 35:10] كَتَبَ اللَّهُ لَأَغْلِبَنَّ أَنَا وَرُسُلِي ۚ إِنَّ اللَّهَ قَوِيٌّ عَزِيزٌ Allah has decreed: "Verily, it is I and My Messengers who shall be the victorious." Verily, Allah is All-Powerful, All-Mighty. [Al-Mujaadilah 58:21]
Thomas Sowell is usually spot-on, but at 14:43 he shows he doesn't know the Holy Bible. Jesus specifically mentioned that it was good to put out your money to the lenders so you could get interest.
As Indonesian, I can attest that 8 of 10 richest person in Indonesia are Chinese descendants, 1 person born in India and 1 person is native Indonesian. And apparently, Chinese descendants are only 1.5 percent of population in Indonesia. This really tells us something about middleman in the economy
@Harry Evans that's so dumb. North Korean, Mongolian people and Vietnamese have high IQ yet they're poor. It's just like Mr Sowell said, they're just middleman in economy. They like to do some business and trade. They live in big cities
Same in the Philippines, the Chinese started off centuries ago as traders, peddlers and craftsmen, they suffered several pogroms under the Spanish authorities. But today, many of the richest folks in the Philippines are Filipino-Chinese.
@harryevans6085 I do not believe in inherent superior or inferior IQ. It is a culture thing. The Chinese came from generations of very hard lives. They are highly intelligent, yes, but they have the values of hard work, self-reliance, tenacity, adaptivity, 'never say die' and forward looking attitude instilled into them through their education and their age-old wisdoms. They never lived just for today; they work for tomorrow. That is why, despite all the persecutions and racism in every country that they have migrated too, all have carved out a successful niche for the Chinese. Without exception, all the successes you see now were built literally from the blood and sacrifice of their fore-fathers. And the Chinese do not forget.
🇬🇷Athens west suburb 🇪🇺👋 People want products or not ???? If you kill trader Out of hate you will lose Products........... And I want products Electronics ..clothes Chips .corn chips .pop corn Salty crackers..sugar .. caramel candies Caramelized pop corn Spices and herbs and tea varieties (,matcha .rooibos) from india In local micro shop here (Paprika. Cayenne .chili. .turmeric. pink Himalayan salt. Molasses .sugar maple syrups) I need that .I like these products They offer me joy and flavour.... And color paint for cloth Portable radios micro sd cards Phone case Phone charger Phone headphones The middle man Is a transporter Like food delivery guy With motor bike Like cable transfer electricity And fiber optic transfer Data internet 🇪🇺🇬🇷🇪🇺🇬🇷🇪🇺👋
@@ChildofGoodFortune Ok, maybe I should shut up... I said it because a good nigerian friend said he likes that candidate and he's Igbo, so I thought so. But I don't know really... Learning more from you, thank you. I do like the Igbo people I've met anyway, usually well educated, so I thought Mr Atiku would be well prepared.
I’m a Yoruba boy, but boy, we can’t compete with the Igbos. We are busy gathering educational certificates , but the igbos are gathering wealth and work ethic.
A Y Yoruba with a confused mind! You are sure of that rubbish you just posted. You are part of the probem. A real Yoruba will never talk like this. You are fake!
I am Italian and jews and Italians have been allies for thousands of years. Sometimes intermarrying. They are just smart people. No need to be insecure, just respect it and move on.That is always the key is networking. That is the "system" they keep talking about. Just plain ol obvious networking.
Educational certificates sounds like most schools in America where you can spend 100k to get a certificate where the job they will get won't ever be able to pay it off e.g. communications degree
What type of "educational certificates" are you gathering? People in high-tech industries are discovering they learn more by working in the real world, by being in an apprenticeship or internship, rather than by sitting in a classroom learning what others are doing. Some scholastic degrees are worthwhile, while others are not. Some degrees are just products being sold to you, making others rich.
Dr. Sowell is truly a much needed treasure in this crazy world we live in. Always able to let people understand quite obscure aspects of already obscure topics in such a clean and interesting way. We truly cannot thank you enough for the work you put out there. Greetings from Italy. 🇮🇹
the difference he neglects to mention however is that while chinese and igbo are fairly represented, jews are proportionately over represented. this is a huge difference between jews and other successful minorities. people got over the japanese and the chinese success, but they always persecuted jews. there is a cultural and social conflict with jews and the rest of the western world
🇬🇷🇪🇺Athens europe 1982🇬🇷🇪🇺🇬🇷🇪🇺🇪🇺👋👋 They hated UNFORTUNATELY even greeks Why????? I can't understand hate I like sugar .caramel Salt .corn . Chips .alcohol Sugar We can all be drunk and happy Whats the problem ??? 🇪🇺🇬🇷🇪🇺🇬🇷👋🍿🍩🍬🍪🌮🍕🎂🍭🍫🍯🍗🌯🍟🏀🏀🏀🙏🙏👋👋
@@cagneybillingsley2165 Its a typical defense of capitalism based upon the past success of the cultures of the first petti bourgeois. When you consider how many Doctora the island nation of Cuba has trained you realize it has nothing to do with nationality but the system of production. .
Tom Sowell is a legend. I just love his writings. It’s a travesty the media elevates the type of charlatans such as Kendi, and intentionally ignore geniuses such as Sowell. It is downright criminal.
Thomas Sowell is usually spot-on, but at 14:43 he shows he doesn't know the Holy Bible. Jesus specifically mentioned that it was good to put out your money to the lenders so you could get interest. May he start taking the Bible seriously.
7:00 : They're not just "willing" to accept a lower standard or living. there is much more to it, the truth is they help each other and trade within their own community, allowing them to acquire goods at a cheaper price, putting the competition out of business this obviously offends the locals.
Only Biafra will propel the Igbos to a greater height in World affairs and will also propel the greatness of all black people worldwide. Nigeria only diminished the Igbo potentials
At least with the Chinese and Jews they have been able to show they can run and organise themselves around the world and at home; the same can not be said for Igbos.
@@ifeifesi the difference is that whilst the Chinese and Jews has sovereign states that has state apparatus to assist them on their interests internationally the igbos are yet to have sovereignty over their territory but still caged in the British colonial country Nigeria where their talents are being suppressed
Something these groups have in common that they developed separate from each other was the cultural family importance of education/literacy combined with achieving personal success in life.
In the West we usually focus on the discrimination against the Jews but it is interesting to see that (while religious differences surely played a major part) all around the world other ethnic groups have been targeted for this same discrimination for almost the exact same reasons.
I have read all three books by Thomas Sowell dealing with different cultures across the world, and they are all very interesting. Our policy makers here in Sweden should read and understand what Sowell writes. That would help us setting up a long term plan to integrate all our immigrants into our structured society.
Thomas Sowell is usually spot-on, but at 14:43 he shows he doesn't understand the Holy Bible. Jesus specifically mentioned that it was good to put out your money to the lenders so you could get interest.
Integrate them? The everyday common-man Swede should rise up and expel those migrants and forcefully "deal" with the politicians who allowed their entry. If you don't you'll be replaced.... permanently
@@earlysda he didn't say it was good. The parable your referencing was that it was better to do that than just burry it but everyone else in that parable made more.
It is a pleasant distraction from the daily routine to take in one of these longer clips as a pure learning experience. Thx TSTV - Hope your New Year is safe, healthy and prosperous.
Thomas Sowell is usually spot-on, but at 14:43 he shows he doesn't know the Holy Bible very well. Jesus specifically mentioned that it was good to put out your money to the lenders so you could get interest.
Thanks e, yes, I have great respect for Tom but fully realize he is not perfect. I'm a committed Christian since 1973. It turned me away from a life headed in a bad direction, as a childhood friend mentioned recently commenting on my conversion from atheism to Christ and the Gospel. Hope the New Year is good for you.
In 1850s California, and enterprising European immigrant brought his family fortune to the state where gold was the source of millions. However he did not come there to search for gold. He came to get the gold from those who found it. He first bought up all the mining and prospecting equipment in the region, and then secured the shipments that were headed that way. Upon opening his store, he had virtually no competition, and was able to get 15 times what he paid for items like shovels, picks, axes, as well as explosives and other basic hardware. In 6 months he expanded his business to include mules, horses, oxen, and the feed needed to maintain them. The products he sold were bought and shipped by other family members who purchased everything directly from the manufacturers. In 4 years, this man had sales reported to be in the tens of millions of dollars, making him the single most wealthy man in a state full of gold miners. This immigrant was a Jew, but nobody knew it, because he changed his name to Thomas Smith upon arrival in America. The hatred of the Jewish retailer was well known by the mid 1800s.
At least he had white skin to hide behind in 1850s California. He changed his name and no one knew his background. It looks like Whoopi was right ... hmm 🤔
These videos, based on Thomas Sowell's books, explain with crystal clarity so much about historical issues and events that i have been wondering about much of my life! I'm so grateful to him and the video maker(s) for making "dry" subjects like demographics and economics fascinating.
I agree that they are interesting and worth listening to. I have however noticed that he only likes facts when they support his ideology and world view, so take his words with a grain of salt. They never show the whole picture.
@@celsus7979 Which facts do you think should be included in this video in order to "show the whole picture"? In my opinion, others, especially Marxists and other leftists -- like most others over on the right-wing spectrum, -- do that far more than Thomas Sowell does. As an economist, he started out as a Marxist and in his studies thoroughly knew *that* ideology, but changed after learning more. So, like he once was, most of the audience is far more familiar with only facts that most left wing *or* right wing ideologues, pushing a particular agenda, focus on, while he has filled out many well documented facts, important details that i and most others have been kept ignorant of, like missing pieces of a jigsaw puzzle, of the "big picture".
@@Marvelfan46you just proved the point of this video 😂, your mind no go touch ground , we were here before your country and your fathers we will remain long after you have turned to dust!
@@arandeepsingh6419 Yes we are. My people control the majority of the economy in Nigeria and West Africa by extension. We are found doing business in over 100 countries around the world
@@willbass2869 Yes. Business is Business. Junkies will buy drugs no matter what. South Africans are just mad because Igbos are more business savvy than the native gangs in the Drug industry.
Thomas Sowell is usually spot-on, but at 14:43 he shows he doesn't know the Holy Bible properly. Jesus specifically mentioned that it was good to put out your money to the lenders so you could get interest.
My family history proves Thomas Sowell being right. My Jewish ancestors were allowed to live and have business in the new Russian capitol- StPetersburg by Peter the Great’s special decree. Only important to the crown jews could settle in that city. Most of them were middlemen: merchants, bankers and lenders. Only a few were in Jewelry , clothes and shoes making, held Pharmacies. My family owned carriage factory for well to do and aristocratic customers.
For the record, 3 million Igbos were killed before during and the post war violence. The hatred goes on and deeper today though. Sometimes the hate doesn't just make sense.
Wow wonderful research with such a great spread across the entire globe. Also, amazing is the authors lack of any glaring prejudices towards any community. Just plain facts. It would be hard for any listener from anywhere in the world to guess the ethnicity or motivations of the speaker. My deep regards to you Dr Sowell 🙏. Learnt something genuinely new today.
As a Jewish man who traveled Southeast Asia extensively, I agree that many ethnic Chinese people in those places face similar long term suspicion, hatred and cultural discrimination that my family has endured for hundreds of years.
You'll find that the higher the proportion of ethnic Chinese in these countries, the more prosperous the countries are. Three out of four Singaporeans are ethnic Chinese and Singapore is ranked among the top five wealthiest nations in the world in terms of GDP per capita. Malaysia used to have a substantial number of ethnic Chinese but many have emigrated elsewhere due to discrimination. It has to be said that the presence of ethnic Chinese alone will not contribute to the success of the country if there is, as you put it, suspicion, hatred and discrimination by the native population.
Maybe because your people's holy book, the Talmud says non Jews are nothing but animals, amongst other horrendous things? Or the fact that the Jews were the major players in the slave trade?
@11:00 when we speak about the wealth creation of middle minorities in their new lands it's important to note that those who are already established there extend credits and bring them into a network that excludes the native population and often manipulates fair business practices in their favor and directly against local indigenous ownership. A great example of such is the dominance of Koreans in the Black haircare sectors in the U.S. Many extend credits as well as merchandise to new Korean hair stores while requiring Black business owners to have prohibitively high purchase orders to open accounts
Thanks for this comparative case study analysis of middle men minorities in Asia, Africa, Europe and North America. Thanks for highlighting the stories of Southeast Asian Chinese.
I’ve always wanted someone to talk about the hatred towards igbos in Nigeria. It’s really similar to the jews, some igbos even believe that their from a lost Jewish tribe.
@@diamondspear3328 No we're not any lost Fing Jewish tribe. No disrespect to the Jews, but I am a proud African, most specifically Igbo. I won't assume a strange and foreign identity in order to feel good about myself. I feel great as an Igbo, and won't have it any other way.
One fact had been ommited in the video. At various times Jews in many European countries had been forbidden to own land, thus they were forced into the middleman/artisan professions. Which in turn caused them to excell in these professions. The quote from Catherine the Great was brilliant. :D Expel the Jews to gain popular support in the nation, then quietly invite them back to restore order to the economy. Btw. what is the man at around 20:00 doing?
The Nigerian-Biafran war took the lives of Igbos 45,000 - 100,000 combatants killed 500,000 - 2,000,000 civilians died from famine during the naval blockade 2,000,000 - 4,500,000 displaced
I guess it would be too much to ask that the folks responsible for this video delve a little deeper into the Igbos? The Biafran war, and genocide; like the Rwandan war and genocide was perpetrated upon people who had learned how to peacefully co-exist by colonial outsiders. Not enough said about how the imperial invader destroyed that balance.
As a Nigerian I can tell you that the Igbos and Chineese are among the most hard working human beings on earth when it comes to running a business, they have many faults, and can be very tribalistic (igbos) or racist (chinesse) and thier busisess practises can be very terrible at times, but boy they will out work you and out smart you 5 to 1 in any business they are involved in. They just hv this business sense and hv the back breaking hard work ethics needed to make it work.
We aren't more racists then the other ethnic groups in Nigeria. If we were so racist then how is it that Igbos are found in all 36 states of Nigeria and all over the world doing our business
@@JustThinkingAboutIt Because they survived the ethnic cleansing by their fellow Nigerians, and Nigeria appears to have forgotten their time of being butchered by out of control Nigerian Mobs.
Oh please, practically all of the ethnic groups in Nigeria (and throughout Africa in general) are tribalistic and prejudiced towards one another, especially with the older generations. I think we younger ones are trying to fix this even with opposition from older family members.
take an ounce of gold, lend it in 1AD at 5% per year and tell me how much interests would that make today. compounded interests or not. yeah, right, very sustainable practice in a finite world. 🙄
@@kittytrail Well, is there a organization paying bonds at that rate, that has existed so long? If they continue offering interests, eventually the will become insolvent, no paradox of infinite consumption required: imagine a petri dish, it may seem like infinite growth, until colony collapse due to resource scarcity.
Fantastic video and it really gets at the heart of why some groups of people seem to encounter problems from local populations, often unfairly. I've witnessed it in multiple countries I've lived or worked in. For my own part, I thank those folks (mainly overseas Chinese and Jewish people, as well as other migrant people from Indian, Slavic and Italian origins) for stepping in and providing valuable services.
I'm Indonesian, my family aren't Chinese. Although only 3% identity as Chinese Indonesians, 8 of the top 10 richest Indonesians are of Chinese descent here. Easy to understand why if you want to think about it. My dad prefers to go to Chinese owned DIY stores because of the reasons mentioned in this video like 1) they will sell at a lower margin so people will come to them, thus gives them volume to cover the low margin and makes you come back to them, plus 2) if you ask them for something they don't have, next time you come back they'll have it for you whether you still want it or not they now have something that someone was asking about when they didn't have it. They're masters of delayed gratification. The store across the street is owned by another ethnicity and they do the opposite of the above, big profits now. But people don't come back to them because they're more expensive. Those guys will normally be the first to blame the Chinese for their own incompetence when shit hits the fan. Pathetic.
@@lordalfa600 it’s a good way to gain customer from other known stores in the area. The profit is in the volume that I will be able to sell and the people like cheap stuff better too.
It is the standard crab mentality. They just have to pull down the ones that have the intelligence and the tenacity to climb out of the mud. Pure jealousy and greed when they themselves don't want to work hard for it.
You seem like a an objectively observant and intelligent individual. You think logically and follow evidence impartially. As an American, I'm guessing that if I knew you, I would be honored to call you a friend or a colleague. I can tell you are marked for success in whatever you do, and you should be proud.
Did you watch the video at all? It shows how these middle-man minorities benefited those around them but were victimized out of jealousy. You are falling into the exact same trap of irrationality he describes in 19:55 - 20:15.
Another fact as rgds 'overseas Chinese' in SE Asia, in early 1900's, the British Colonial Authorities imported hundreds of thousands of coolie ('bitter labour') from Canton & Fuchien province to plant & work rice fields to feed the coolie labour working the tin mines. Coolie labour also worked the trading post of Singapore from it's founding. In Malaysia, the Brits promised small land plots to Fuchien rice farmers as enticement to settle in new settlements. On another note, the Chinese traders of Malacca, the east indies, the Philippines etc were also there w the Arab and Indian traders in the 17th century. When the Brits came, signed treaties w/ local sultans, they cruelly cut out these middlemen many of whom turned to piracy having had their traditional trading relationships destroyed. This opened the door to the British Navy w/ Marines 'invited' to 'suppress' the interlopers. Let's be clear, this had everything to do w imperial military power forcefully imposing monopolistic trading treaties on greedy local lords against technologically backward opposition. A super power of whatever stripe if permitted will dominate any target it chooses.
Contrary to popular Chinese belief the etymology of "coolie" is South Asian, most probably Tamil meaning "wages", and not "bitter labor" (苦力). The word came to the earliest trade ports via the foreign compradors and was incorporated into the pidgin English of the time.
@@NeostormXLMAX Silly, just silly. Stop sitting with friends confirming each other's silliness, and get up on your hind legs to read more, opine less, and retrieve what little intellect you may still have.
Badly. It's ironic the Israeli Jews treat their minorities the same way as anti-semites treat their minority Jewish population. Sadly, humans are all the same.
Basically, all the groups mention did not like the idea of assimilation in accordance with the host countries language, culture and ethnicity. Instead, they sold the idea of integration in accordance to the bare minimal legalistic principles of the state/ government.
@pugilist102 It's still not easy and they still don't assimilate! That is why they are resented for taking advantage of countries they did not risk, fight and die for.
@@pugilist102exactly. In old world countries, it doesn't work that way. I can be an Igbo man in Yoruba land for 7 generations, but as long as my name isn't Yoruba and I can speak a language from elsewhere, I'm a foreigner. A Yoruba man in the US that his grandpa left Nigeria before his father was born can come to Yoruba land and he will regarded more native than I am, despite my lineage living here for generations. This kind of stuff doesn't happen in new world countries like Canada, US, Australia, parts of south america etc
Middlemen are valuable, but in some cases they are artificially propped up by law: for example, when farmers are not allowed to sell meat directly off the farm.
It boils down to “choice.” Do consumers choose to pay a higher price for widgets from your neighbors or pay a lower price elsewhere? Consumers and the middlemen are people, some are good and some are bad. I tend to believe animosity toward “Middlemen minorities” is a reflection of the people who have contempt towards foreigners and their perceived financial success. It’s a human response. Also, did the native population welcome any foreigners by automatically integrating them into their community by providing food, spouses, and other necessities of life? Most likely not, so these foreigners had to hustle. Some people barely survived while others thrived. I believe faith, family, community, and sheer drive was the magic formula that made these “middlemen” families successful in a world full of competitors. However, if there is an unfair monopoly in a particular market, the local population and their elected officials must intervene and stop it. Furthermore, it's best to project one's anger and rumblings about their country's economic policies towards their own government officials--not the "middlemen." The ruling elite are smart. They know how to distance themselves from the peasants. They use other "people" (or cut deals with them) to do the dirty work like collecting taxes.
lol you totally contradicted yourself in the last paragraph. what level of government? what elites? people are greedy all through the hierarchy. these middle men are useless and schemers, skimming those fees for use, marking up scarce products, being gatekeepers in local government to push back people with penalty and arbitrary rules. There is no choice. it's either live or die. Go buy a drink or water that's Not produced by the big 5 corporations.
It is the indifference to the suffering of others- done to or merely observed- that is more vastly evil than simple hatred. To feel nothing is the opposite of love or compassion at the same time as abusing another. In hatred you feel -quite possibly even loved -the thing you hated at one point. Hatred is a negative feeling. Indifference is a trait of psychopathy. In hatred you at least view someone as a person and not just an object you can do with as you please with no remorse.
Brilliant topic. I think the intangibility of what middlemen do is part of what creates the hatred. It’s easy to see what a creator, service worker or producer does. Middle manning is an ugly but necessary job, making money is pretty much the only reason to do it which is why I think people in disadvantaged positions resort to doing it. People dream of be the creator or the “do-er.” You dream of being the engineer that designs a car not a car salesman. You dream of being an architect, not a real estate agent. You dream of designing clothes, not sell other people’s clothes. You dream of being an actor, not an agent, etc etc. being a doctor, not an administrator. Yet in a lot of these cases the middlemen make more money, but should they be hated for it? They’re doing the less glamorous but necessary aspects of the job. The non middle men often think they want to cut out the middleman but realize they now have to do all the stuff that’s not so fun about the job. If you love making jewelry all the time, do you want to have to sell it too? Maybe not. Maybe it’s easier to just find one person or company who will consistently buy from you and they worry about who to sell it to and then you can just focus on what you enjoy doing.
While fair, I think your take simplifies the picture. 5:58 I liked this video's example of Argentinians being outcompeted by Jews. It is easy from an outsider's perspective to think that these communities help each other out, don't respect the common rules, provide poor service and so forth... Less controversial community, maybe a more european story, I've heard a lot of small restaurants complain against döner kebab shops : they employ their families for nothing, they employ undeclared workers, they don't respect basic hygiene rules, the food is bad. Let's face it though döner kebabs are a generation's fast food in western Europe because it was the cheapest thing you could find, you'd fill your stomach and some more, they would sell whatever was needed (want a beer, want a smoke), I've seen them branch out and completely outcompete pizzerias for instance, they would be open when everybody else would be closed... It takes guts to commit to a business for 7 days a week, 14 hours a day (on the top of my head), no vacations, for smaller margins than everyone else, in retail where you get all the poor interactions, with all the risks on your back... People are willing to do retail, but these communities are commited to give it their all, with talents developped and transmitted amongst themselves, and they outshine others.
The Bamilekes of Cameroon went through the same type of oppression by the French and Cameroonian governments during the Cold War because their penchant for communal organization and financial skills made them prime target as they were looked upon as threat to those who were planning to take advantage of the riches of the nascent independent Cameroon! The Bamilekes and Igbos have some cultural similarities.
When I was visiting the Philippines they hated Koreans and Chinese: both groups owned and ran businesses, but didn't integrate themselves into society. By keeping to themselves socially, geographically, and economically separate they made themselves a target to the envious locals.
Philipines had it easy, because their middleman minority assimilated at some degree by converting to Catholicism. In Indonesia and Malaysia the one that convert to Islam easily blend and unnoticable, intermarry and live side by side with the majority
I'm Filipino, this does not make sense. While its true that a lot of the chinese here are very wealthy and own most of the enterprises, it is worth noting that we Filipinos have chinese blood running through us, and thus, don't really see them as foreigners but more as distant cousins/relatives. That doesn't mean some filipinos don't hate them, but these are also the same type of filipinos who would hate their own skin. Also, a lot of filipinos have obvious chinese blood in them. We call them chinese mestizos/mestizas. They are generally viewed as attractive. Koreans are slowly getting hate because of kpop and some oversaturation of korean entertainment.
I would dislike those that stereotype Filipinos, especially given how historically racist Hong Kongers and South Koreans are towards most Southeast Asians. I havent heard of mass hatred recently against any foreigners even towards the US and Japanese despite both commited mass murder.
I simply can not understand why people support or defend another group of people who openly hate them. One supports free speech, while the other runs organisations to stop it. One supports traditional value, while the other are completely reformists. It's absurd.
Agreed! I doubt though that that discussion would be allowed on this platform. Cancel culture and censorship is in full swing. The truth is called hate speech to those who hate the truth.
Because 2 wrongs don't make right. Also, what do you have against the tiny hats? You sound just like BLM. Blaming your problems on those more successful than yourself. I could never understand the hatred of a tiny group of people. As though they're holding you down somehow. As though they have some kind of superpower that you cannot overcome.
@@mattdillon4398 what problems did I blame? I'm pointing out the differences between people. You're so ironic considering they're the people who blame everyone else for everything, not the other way around. This is literally how many of them make money.
Sowell shows what a person with intelligence & a pure love for the truth make a person. Whatever the truth may be, on any subject, that's what he sees, says, & is his only bias. Quite a rarity, & such a gift to us.
I'm Native Indonesian and this video apply so much to Chinese-Indonesian = 1. Chinese-Indonesian is crucial as distributors because of vastness of Indonesian as well as agricultural based society that makes the Natives choose agricultural "honest" work in the peace time instead. 2. Chinese-Indonesian began to be resented the moment Colonist used them as intermediary between the White man and Native, since Arabs and Indians probably won't cooperate much (because Native and them is religiously similar). 3. Chinese-Indonesian were used to act as tax collector and land managers for the Colonist. 4. Before the Colonist arrival, Native don't hate the Chinese. The Natives protected Chinese during Chinezenmoord (Chinese genocide) by the Colonist. The hate start appears the moment colonists gave them a lot of privileges and intermediary roles. 5. Chinese-Indonesian receiving a lot of economic privileges from Colonist making their 'parasite' stigma from being a middle-man worsen. The middle-man role formerly held by Malay and Minang gone when Colonist arrived. Making the hatred concentrated to them. 6. Colonist decision to create racial strata and exclusivity among the Chinese heating up the tension. Before the Colonist arrival, this wasn't the case proven by "Ampyang marriage" and "Peranakan marriage". Racial strata caused the mix-children to have fewer privilege. 7. The hate don't apply to the Chinese or their descendant that weren't used as middle-man, like Benteng-Chinese, Pantura-Peranakan, and some Palembangese. 8. The hate also don't apply as intensely to "Colonist-lapdog" that doesn't serve them economically, like the Eastern Indonesian who often used as soldiers and mercenaries.
I don't see the native Indonesian show any resentment towards colonist (white man). Native Indonesian are just looking for an excuses and Chinese are easy target...
There’s a difference when the minority uses the tactics of an organized crime faction. When they invest in activities like drug or human trafficking. Or when, through ideologies of supremacy, they seek dominance and subservience from those they are among.
Sowell is filled with insights on African American in the USA, a subject he knows best. As a young man he was an ardent communist. He then became an ardent capitalist. He is an ideological thinker who filters out the complex realities which contradict his idealized ideology. He says the middleman lowers costs but we also know that the entire goal of capitalism is to maximize profits. Slavery was bad but the exploitation of the the poor today is little better. It is true that mainstream media has blacklisted his views. This happens to a lot of people on the progressive side too. Sowell thinks ideologically rather than freely. He does well when he is right but badly when he is wrong.
@@Bizarreparade He would do well to stick to subjects he understands. His generalizations about other cultures are simplistic and incorrect stereotypes that, in a limited sense, justify the media blackout of his views on many issues.
Chinese immigrants in Indonesia: -constitute 3% of the population -own 60% of the economy through businesses During the Dutch occupation of Indonesia, the ruling Dutch class put the Chinese at a higher social level than the native Indonesians, because they perceived the Chinese to be more industrious.
Chinese in Vietnam say 'ni hao'; ~2% of the population, own ~70% of the economy. Not pleasant to do business with if you don't speak Vietnamese or Mandarin/Cantonese, they will often shoo you away!
People are just financially ignorance. Most people don't run business, all they do is whine and hate. Middlemen are like lubricants in economic activity. If the activity is perfectly smooth, there is no need for such profession. But nothing is perfectly smooth. Even Oil producers ask for long time contract for them to invest in exploration. Is there demand yet? No. Is there oils yet? No. But the oil middlemen still gave the guarantee to buy in certain amount for certain time. They then can use the guarantee to get funds and get the operation running, give high pay jobs to numerous people. People are stupid and politicians are evil. That's the problem of humanity.
The reason whole homogenous racial groups can be identified in various economic activities is because they are not known for employing people outside their group. Does Sowell cover this? It is a major source of resentment where I live. Most of the casual and Saturday jobs are now gone for our young people. They can't get a start.
I'm half Igbo. While these assertions about the "middle-man" minorities can't necessarily be disproved i do think ultimately the are anecdotal and can't be leveraged to support any concrete action, strategy, philosophy (understanding that Sowell is not setting up any such purpose in any event). That said, if I would add one thing judging from my observation of the Indians and Lebanese commercial activity/success in Nigeria, as well as Igbos/Nigerians' similar success in other places, it is that these communities have a cultural confidence - drawing from dynamics of their own home countries - in their ability to survey a new environment and figure out ways to exploit micro-commercial opportunities.
While having taken part in riots and looting against the Chinese several times the Bugis people of South Sulawesi perform the same middleman minority functions in West Papua where the locals are less sophisticated.
Christianity does not condemn earning interest on money lended; it condemns usury: the charging of excessive interest. Money-lending is or can be a legitimate occupation and the lender is entitled to charge for his product ( money) and services.
My understanding is that Christian authorities used to condemn all charging of interest, but the rules were relaxed centuries ago. But by that time, Jews were already well-established in banking, and it's not infrequent for descendants to continue in almost any sort of family business.
In my country, Belize. Grocery stores are almost exclusively Chinese. In my hometown there's no local owned grocery stores, literally all Chinese. There's also a Lebanese minority in the Capital. A popular franchise store, Benny's is name after its Jewish founder, Benny Feinstein.
I could tell you one thing I used to work with Koreans in New York City, and a lot of them have a distain towards Jews because they compete against one another for business and owning real estate especially commercial real estate. A lot of the Asians know that they’re gonna have to pay high prices if they want to buy businesses from the Jews or real estate it’s kind of funny in the movie do the right thing spike Lee’s they kind of bring this out.
As an overseas Chinese living in South East Asia. I want to add that I think the middlemen minorities are also perceived as "exclusive" and only stick with their own race. This is true because the truth is we dont want to marry the locals who have different beliefs and culture than us. But if the locals have the same beliefs with similar socio-economic background, assimilation is of no issue.
That's not true. The local will be assimilating into the Chinese culture, not the opposite. The Chinese are so loyal to China and Chinese culture even if they immigrate. That's one reason why theyre hated. They just feel like foreignors taking advantage of your country.
Isnt it strange how a group of people can hate so deeply a majority of another group of people? I know this video is going some way to explain why but even with the knowledge of why it still continues. It seems the modern hatred we have towards each other is socially manufactured by highly specialised government organisations. ‘Divide and conquer’
@@scorchedearth4248 yeah I’ve heard of it. Seems to be enough evidence to support an open conversation at the very least. But that’s make us racist bigots right?
This guy doesn't tell you the real reason. Just read about what the Talmud says about non Jews, women, children,etc. And the fact that the Jews were the major players in the slave trade.
@@polkanietzsche5016 You are correct, he won't call them out because he still works in the indoctrination institutions. He tells enough truth to be credible, but also knows who butters his bread.
@@polkanietzsche5016 yeah I’m not getting into all that. I know there’s some disgustingly evil Jews in the world and they are way over represented in elitist parasite class but your average Jewish man woman and child are just the same as the rest of us. Sorry bro
I know it’s been asked numerous times but the fact that liberal progressives hides this man’s work taught me everything I needed to know about Identity politics and so called racism
How is it hidden? I'd say it's the polar opposite and is mainstream America right politics in general.
@@MartinMartinm Nonsense, Sowell's books are not mainstream, they never were. Many schools and colleges have gone from having an ideological left slant to full blown woke and have absolutely no desire to give equal attention to left wing and right wing authors. It would not serve their interest. Most college kids have no idea who Thomas Sowell is. So yeah, for many people his work remains hidden.
@@goreds551 yes they are. His book ''basic economics'' was a very popular book and still is. Countless people on the American right have had sowell on their TV shows, even modern times. I guess the problem here is that the American right in general see themselves as dissident which is ironic givin the amount of platform they are.
Liberal conservatism/libertarianism are certainly popular within America.
Martin. It takes effort to find Thomas Sowell and his works. He is almost absolutely invisible in “the mainstream media”.
@@MartinMartinm Wrong! His books are definitely not mainstream. They may be popular with older conservatives, and increasingly younger conservatives, but that does not equal mainstream, how many people under 40 actually know him? The fact of the matter is he is not taught in the large majority of colleges and he is not mentioned on most news media platforms which in America are mostly left. If his work ever becomes mainstream so both liberals and conservatives learn about him, that would be great, but right now that is not the case.
I am Igbo and I say a big thank you for this well
Researched Material.😊
Wow, very cool to see your comment. 😊 now I want to learn more.
I’m Yoruba and definitely agree with what’s here. Igbos are just too good and that can breed hatred
What ON EARTH is an "Igbo". That's a new one for me..
@@fazbell Igbos are one of the Middle class minority as stated by Sowell
@@adeleyeogunmosu4697 remain blessed
Again, Thomas Sowell crushes narratives with facts and logic. Thank you sir for your wisdom and for sharing.
Allah سبحانه وتعالى said,
ذَٰلِكَ بِأَنَّهُمْ قَالُوا لِلَّذِينَ كَرِهُوا مَا نَزَّلَ اللَّهُ سَنُطِيعُكُمْ فِي بَعْضِ الْأَمْرِ ۖ وَاللَّهُ يَعْلَمُ إِسْرَارَهُمْ
This is because they said to those who hate what Allah has sent down (i.e. the Jews): "We will obey you in part of the matter." But Allah knows their secrets. [Muhammad 47:26]
فَتَرَى الَّذِينَ فِي قُلُوبِهِم مَّرَضٌ يُسَارِعُونَ فِيهِمْ يَقُولُونَ نَخْشَىٰ أَن تُصِيبَنَا دَائِرَةٌ ۚ فَعَسَى اللَّهُ أَن يَأْتِيَ بِالْفَتْحِ أَوْ أَمْرٍ مِّنْ عِندِهِ فَيُصْبِحُوا عَلَىٰ مَا أَسَرُّوا فِي أَنفُسِهِمْ نَادِمِينَ
And you see those in whose hearts there is a disease (of hypocrisy), they hurry to their friendship, saying: _"We fear lest some misfortune of a disaster may befall us."_ Perhaps Allah may bring a victory or a decision according to His Will. Then they will become regretful for what they have been keeping as a secret in themselves. [Al-Maa'idah 5:52]
مَن كَانَ يُرِيدُ الْعِزَّةَ فَلِلَّهِ الْعِزَّةُ جَمِيعًا ۚ إِلَيْهِ يَصْعَدُ الْكَلِمُ الطَّيِّبُ وَالْعَمَلُ الصَّالِحُ يَرْفَعُهُ ۚ وَالَّذِينَ يَمْكُرُونَ السَّيِّئَاتِ لَهُمْ عَذَابٌ شَدِيدٌ ۖ وَمَكْرُ أُولَـٰئِكَ هُوَ يَبُورُ
Whosoever desires honour (power and glory), then to Allah belong all Honour, Power and Glory. To Him ascend (all) the goodly words, and the righteous deeds exalt it, but those who plot evils, theirs will be severe torment. And the plotting of such will perish. [Faatir 35:10]
كَتَبَ اللَّهُ لَأَغْلِبَنَّ أَنَا وَرُسُلِي ۚ إِنَّ اللَّهَ قَوِيٌّ عَزِيزٌ
Allah has decreed: "Verily, it is I and My Messengers who shall be the victorious." Verily, Allah is All-Powerful, All-Mighty. [Al-Mujaadilah 58:21]
Thomas Sowell is usually spot-on, but at 14:43 he shows he doesn't know the Holy Bible. Jesus specifically mentioned that it was good to put out your money to the lenders so you could get interest.
I wish Chomsky would debate him.
I would like to hear Sowell speak on USA 1914-1917 where the USA purged the ethnic-German Americans.
@@germaniatv1870 KS would like to hear how Germany put thousands of Americans 6 feet under?
Wow! As a Nigerian of Igbo descent. This was well articulated and in-depth socio-economical analysis by Mr. Thomas Sowell.
Many Igbos were enslaved and sent to America and the Caribbean and are all over. Keep doing you.
As Indonesian, I can attest that 8 of 10 richest person in Indonesia are Chinese descendants, 1 person born in India and 1 person is native Indonesian. And apparently, Chinese descendants are only 1.5 percent of population in Indonesia. This really tells us something about middleman in the economy
At least 3% but I get the point. We can't blame them, people will do what they do best.
@Harry Evans that's so dumb. North Korean, Mongolian people and Vietnamese have high IQ yet they're poor. It's just like Mr Sowell said, they're just middleman in economy. They like to do some business and trade. They live in big cities
Same in the Philippines, the Chinese started off centuries ago as traders, peddlers and craftsmen, they suffered several pogroms under the Spanish authorities. But today, many of the richest folks in the Philippines are Filipino-Chinese.
@harryevans6085 I do not believe in inherent superior or inferior IQ. It is a culture thing. The Chinese came from generations of very hard lives. They are highly intelligent, yes, but they have the values of hard work, self-reliance, tenacity, adaptivity, 'never say die' and forward looking attitude instilled into them through their education and their age-old wisdoms. They never lived just for today; they work for tomorrow.
That is why, despite all the persecutions and racism in every country that they have migrated too, all have carved out a successful niche for the Chinese. Without exception, all the successes you see now were built literally from the blood and sacrifice of their fore-fathers. And the Chinese do not forget.
🇬🇷Athens west suburb
🇪🇺👋
People want products or not ????
If you kill trader
Out of hate you will lose
Products...........
And I want products
Electronics ..clothes
Chips .corn chips .pop corn
Salty crackers..sugar .. caramel candies
Caramelized pop corn
Spices and herbs and tea varieties (,matcha .rooibos)
from india
In local micro shop here
(Paprika. Cayenne .chili. .turmeric. pink Himalayan salt. Molasses .sugar maple syrups)
I need that .I like these products
They offer me joy and flavour....
And color paint for cloth
Portable radios
micro sd cards
Phone case
Phone charger
Phone headphones
The middle man
Is a transporter
Like food delivery guy
With motor bike
Like cable transfer electricity
And fiber optic transfer
Data internet
🇪🇺🇬🇷🇪🇺🇬🇷🇪🇺👋
As Igbo this helps me understand what we are going through in nigeria..
I am an Igbo the Hausa Fulani people are the Aldof hitler of Africa they committed mass genocide of the Igbo killing 3million helped by Britain
Hope that Mr Atiku has success!
@@AlexandreSilva-kc6kc success in your family, not in nigeria.
@@AlexandreSilva-kc6kc Atiku is incredibly corrupt and bought his presidential nomination with stolen funds.
@@ChildofGoodFortune Ok, maybe I should shut up... I said it because a good nigerian friend said he likes that candidate and he's Igbo, so I thought so. But I don't know really... Learning more from you, thank you.
I do like the Igbo people I've met anyway, usually well educated, so I thought Mr Atiku would be well prepared.
Once again, I thank you Dr Sowell. I learn more from you than I did throughout the entire time I spent in school.
''Middle man'' not to be confused with middle class because they rarely were.
I’m a Yoruba boy, but boy, we can’t compete with the Igbos. We are busy gathering educational certificates , but the igbos are gathering wealth and work ethic.
A Y Yoruba with a confused mind! You are sure of that rubbish you just posted. You are part of the probem. A real Yoruba will never talk like this. You are fake!
I am Italian and jews and Italians have been allies for thousands of years. Sometimes intermarrying. They are just smart people. No need to be insecure, just respect it and move on.That is always the key is networking. That is the "system" they keep talking about. Just plain ol obvious networking.
Educational certificates sounds like most schools in America where you can spend 100k to get a certificate where the job they will get won't ever be able to pay it off e.g. communications degree
What type of "educational certificates" are you gathering? People in high-tech industries are discovering they learn more by working in the real world, by being in an apprenticeship or internship, rather than by sitting in a classroom learning what others are doing. Some scholastic degrees are worthwhile, while others are not. Some degrees are just products being sold to you, making others rich.
What is my favourite Nigerian writer Igbo or Yoruba? I am talking about the only and one Chimamanda Adachi?...(forgot her 3rd name).
Dr. Sowell is truly a much needed treasure in this crazy world we live in.
Always able to let people understand quite obscure aspects of already obscure topics in such a clean and interesting way.
We truly cannot thank you enough for the work you put out there.
Greetings from Italy. 🇮🇹
the difference he neglects to mention however is that while chinese and igbo are fairly represented, jews are proportionately over represented. this is a huge difference between jews and other successful minorities. people got over the japanese and the chinese success, but they always persecuted jews. there is a cultural and social conflict with jews and the rest of the western world
I am an Igbo the Hausa Fulani people are the Aldof hitler of Africa they committed mass genocide of the Igbo killing 3million helped by Britain
🇬🇷🇪🇺Athens europe
1982🇬🇷🇪🇺🇬🇷🇪🇺🇪🇺👋👋
They hated UNFORTUNATELY even greeks
Why?????
I can't understand hate
I like sugar .caramel
Salt .corn . Chips .alcohol
Sugar
We can all be drunk and happy
Whats the problem ???
🇪🇺🇬🇷🇪🇺🇬🇷👋🍿🍩🍬🍪🌮🍕🎂🍭🍫🍯🍗🌯🍟🏀🏀🏀🙏🙏👋👋
@@cagneybillingsley2165 Its a typical defense of capitalism based upon the past success of the cultures of the first petti bourgeois. When you consider how many Doctora the island nation of Cuba has trained you realize it has nothing to do with nationality but the system of production. .
The 'past' success of capitalism?
Cuba training doctors? Oh wow how amazing.
How about the computer you are using right now? Any made in cuba?
Tom Sowell is a legend. I just love his writings. It’s a travesty the media elevates the type of charlatans such as Kendi, and intentionally ignore geniuses such as Sowell. It is downright criminal.
Spot on.
Truth and liberty are hated by those who hate liberty and truth.
Thomas Sowell is usually spot-on, but at 14:43 he shows he doesn't know the Holy Bible. Jesus specifically mentioned that it was good to put out your money to the lenders so you could get interest. May he start taking the Bible seriously.
It’s so criminal that it feels extremely intentional…
@@earlysda
Are you referring to the parable of the servants who were given the talents?
7:00 : They're not just "willing" to accept a lower standard or living. there is much more to it, the truth is they help each other and trade within their own community, allowing them to acquire goods at a cheaper price, putting the competition out of business this obviously offends the locals.
That’s called Capitalism
@@craigd8383 unless they are White. Then it's called racism.
yeah don't get me started on BS charity, which destroys competition and business startups as well.
@@craigd8383 no retard. Thats NEPOTISM
@@craigd8383 that’s how capitalism without government favoritism and with good hearts is supposed to work.
I am proudly Igbo thank you for sharing our story.. I just hope people will see Igbos as business people and accept and appreciate us for who we are.
Only Biafra will propel the Igbos to a greater height in World affairs and will also propel the greatness of all black people worldwide. Nigeria only diminished the Igbo potentials
100000% 😳
God is merciful - Biafra will rise ✊🏾
At least with the Chinese and Jews they have been able to show they can run and organise themselves around the world and at home; the same can not be said for Igbos.
@@ifeifesi the difference is that whilst the Chinese and Jews has sovereign states that has state apparatus to assist them on their interests internationally the igbos are yet to have sovereignty over their territory but still caged in the British colonial country Nigeria where their talents are being suppressed
@@sirsimone1524why aren't Igbo states good? Igbos vote in corrupt leaders and then sit idly by while your politicians loot and oppress you.
Igbos are stuck with the rest of nigeria and have wanted to separate since😢@@ifeifesi
Something these groups have in common that they developed separate from each other was the cultural family importance of education/literacy combined with achieving personal success in life.
In the West we usually focus on the discrimination against the Jews but it is interesting to see that (while religious differences surely played a major part) all around the world other ethnic groups have been targeted for this same discrimination for almost the exact same reasons.
I have read all three books by Thomas Sowell dealing with different cultures across the world, and they are all very interesting. Our policy makers here in Sweden should read and understand what Sowell writes. That would help us setting up a long term plan to integrate all our immigrants into our structured society.
Thomas Sowell is usually spot-on, but at 14:43 he shows he doesn't understand the Holy Bible. Jesus specifically mentioned that it was good to put out your money to the lenders so you could get interest.
Integrate them?
The everyday common-man Swede should rise up and expel those migrants and forcefully "deal" with the politicians who allowed their entry.
If you don't you'll be replaced.... permanently
@@earlysda he didn't say it was good. The parable your referencing was that it was better to do that than just burry it but everyone else in that parable made more.
@@Any1SL SL, so you agree that the Bible says it is good to put your money out to the exchangers, just as the Bible says. That's good.
@@earlysda it doesn't say its good lol. It showed their were better ways. It also says if you lend something do not charge interest to your brother
It is a pleasant distraction from the daily routine to take in one of these longer clips as a pure learning experience.
Thx TSTV - Hope your New Year is safe, healthy and prosperous.
Thomas Sowell is usually spot-on, but at 14:43 he shows he doesn't know the Holy Bible very well. Jesus specifically mentioned that it was good to put out your money to the lenders so you could get interest.
Thanks e, yes, I have great respect for Tom but fully realize he is not perfect.
I'm a committed Christian since 1973. It turned me away from a life headed in a bad direction, as a childhood friend mentioned recently commenting on my conversion from atheism to Christ and the Gospel.
Hope the New Year is good for you.
@@dongaetano3687 God bless you Don!
@@earlysda
thx much e, same to you.
As an igbo watching it I deeply thank you sir
For the exposure
Igbo can’t operate
@@Marvelfan46cry harder 🤡🤡🤡
In 1850s California, and enterprising European immigrant brought his family fortune to the state where gold was the source of millions. However he did not come there to search for gold. He came to get the gold from those who found it. He first bought up all the mining and prospecting equipment in the region, and then secured the shipments that were headed that way. Upon opening his store, he had virtually no competition, and was able to get 15 times what he paid for items like shovels, picks, axes, as well as explosives and other basic hardware. In 6 months he expanded his business to include mules, horses, oxen, and the feed needed to maintain them. The products he sold were bought and shipped by other family members who purchased everything directly from the manufacturers. In 4 years, this man had sales reported to be in the tens of millions of dollars, making him the single most wealthy man in a state full of gold miners. This immigrant was a Jew, but nobody knew it, because he changed his name to Thomas Smith upon arrival in America. The hatred of the Jewish retailer was well known by the mid 1800s.
At least he had white skin to hide behind in 1850s California. He changed his name and no one knew his background. It looks like Whoopi was right ... hmm 🤔
I love this story. Thanks
Levi, another Jew, started the blue jeans. Chinese were chased out of the gold mines but found opportunity in laundromat and railroad work.
Whats the point in this story sorry?
That's quite a profit margin.
These videos, based on Thomas Sowell's books, explain with crystal clarity so much about historical issues and events that i have been wondering about much of my life! I'm so grateful to him and the video maker(s) for making "dry" subjects like demographics and economics fascinating.
I agree that they are interesting and worth listening to.
I have however noticed that he only likes facts when they support his ideology and world view, so take his words with a grain of salt. They never show the whole picture.
@@celsus7979 Which facts do you think should be included in this video in order to "show the whole picture"? In my opinion, others, especially Marxists and other leftists -- like most others over on the right-wing spectrum, -- do that far more than Thomas Sowell does. As an economist, he started out as a Marxist and in his studies thoroughly knew *that* ideology, but changed after learning more. So, like he once was, most of the audience is far more familiar with only facts that most left wing *or* right wing ideologues, pushing a particular agenda, focus on, while he has filled out many well documented facts, important details that i and most others have been kept ignorant of, like missing pieces of a jigsaw puzzle, of the "big picture".
Thank you sir for shining the light on the igbo people of Nigeria.
This doesn’t apply to Igbo. They are dumb
@@Marvelfan46you just proved the point of this video 😂, your mind no go touch ground , we were here before your country and your fathers we will remain long after you have turned to dust!
I’m a Nigerian, but boy, this is exact. Dr Sowell is too good for us.
Are you Igbo? Are they really the Jews of Nigeria?
@@arandeepsingh6419 Yes we are. My people control the majority of the economy in Nigeria and West Africa by extension. We are found doing business in over 100 countries around the world
@@JustThinkingAboutIt smuggling drugs down to South Africa too, right?
@@willbass2869 And also importing all the goods that are used all over Nigeria and West Africa by extension.
@@willbass2869 Yes. Business is Business. Junkies will buy drugs no matter what. South Africans are just mad because Igbos are more business savvy than the native gangs in the Drug industry.
Thank you for this excerpt, Dr. Sowell. Well Done!
Thomas Sowell is usually spot-on, but at 14:43 he shows he doesn't know the Holy Bible properly. Jesus specifically mentioned that it was good to put out your money to the lenders so you could get interest.
@@earlysda shut up spammer
@@SaretGnasoh So Saret can make a comment but I can't?
My family history proves Thomas Sowell being right. My Jewish ancestors were allowed to live and have business in the new Russian capitol- StPetersburg by Peter the Great’s special decree. Only important to the crown jews could settle in that city. Most of them were middlemen: merchants, bankers and lenders. Only a few were in Jewelry , clothes and shoes making, held Pharmacies. My family owned carriage factory for well to do and aristocratic customers.
Dr.Thomas Sowell is an American treasure.
Thank you Thomas❤❤❤ As an Igbo, I’ve always known this!
109 countries are all wrong.
I am an Overseas Chinese in South East Asia. Thank you, Mr Sowell for letting me know my "place in outer space" with this video.
Thomas Sowell really give me some perspective that I don't know/think about before. I'm appreciating your work
Particularly prescient words as always from Dr. Sowell.
For the record, 3 million Igbos were killed before during and the post war violence. The hatred goes on and deeper today though. Sometimes the hate doesn't just make sense.
hate doesn't make sense anywhere. But sadly it will never end😢
Wow wonderful research with such a great spread across the entire globe. Also, amazing is the authors lack of any glaring prejudices towards any community. Just plain facts.
It would be hard for any listener from anywhere in the world to guess the ethnicity or motivations of the speaker.
My deep regards to you Dr Sowell 🙏. Learnt something genuinely new today.
if only thomas sowell could head the united nations in an advisory capacity....? one can only dream of such a golden event
The United Nations shouldn’t even exist
As a Jewish man who traveled Southeast Asia extensively, I agree that many ethnic Chinese people in those places face similar long term suspicion, hatred and cultural discrimination that my family has endured for hundreds of years.
Cubans as well?
You'll find that the higher the proportion of ethnic Chinese in these countries, the more prosperous the countries are. Three out of four Singaporeans are ethnic Chinese and Singapore is ranked among the top five wealthiest nations in the world in terms of GDP per capita. Malaysia used to have a substantial number of ethnic Chinese but many have emigrated elsewhere due to discrimination. It has to be said that the presence of ethnic Chinese alone will not contribute to the success of the country if there is, as you put it, suspicion, hatred and discrimination by the native population.
Fascinating...
@@tuppenceworth5485 What you said has been very well explained in the book, The Malay Dilemma
Maybe because your people's holy book, the Talmud says non Jews are nothing but animals, amongst other horrendous things? Or the fact that the Jews were the major players in the slave trade?
@11:00 when we speak about the wealth creation of middle minorities in their new lands it's important to note that those who are already established there extend credits and bring them into a network that excludes the native population and often manipulates fair business practices in their favor and directly against local indigenous ownership. A great example of such is the dominance of Koreans in the Black haircare sectors in the U.S. Many extend credits as well as merchandise to new Korean hair stores while requiring Black business owners to have prohibitively high purchase orders to open accounts
Thanks for this comparative case study analysis of middle men minorities in Asia, Africa, Europe and North America. Thanks for highlighting the stories of Southeast Asian Chinese.
Thomas Sowell, after all this time, continues to amaze me.
Thomas Sowell is my favorite author and I have read many of his books. He has a talent for explaining the various issues.
I’ve always wanted someone to talk about the hatred towards igbos in Nigeria. It’s really similar to the jews, some igbos even believe that their from a lost Jewish tribe.
They are most Arabs even know this
@@diamondspear3328 No we're not any lost Fing Jewish tribe. No disrespect to the Jews, but I am a proud African, most specifically Igbo. I won't assume a strange and foreign identity in order to feel good about myself. I feel great as an Igbo, and won't have it any other way.
Yeah as a Jew I've never heard any one say this
@@filthism1659 what kind of Jew are you?
@@filthism1659 Of your khazarian your people converted .
One fact had been ommited in the video. At various times Jews in many European countries had been forbidden to own land, thus they were forced into the middleman/artisan professions. Which in turn caused them to excell in these professions.
The quote from Catherine the Great was brilliant. :D Expel the Jews to gain popular support in the nation, then quietly invite them back to restore order to the economy.
Btw. what is the man at around 20:00 doing?
That is sugar can juicer
The Nigerian-Biafran war took the lives of Igbos
45,000 - 100,000 combatants killed
500,000 - 2,000,000 civilians died from famine during the naval blockade
2,000,000 - 4,500,000 displaced
Way more 5 plus million died
@@Shade_223proof?
Dr. Sowell is my hero!
Thomas Sowell...... gives an honest description of the cultural and ethnic conflicts that occur world wide.
Successful people are always hated
By people with leftist inclination which harbors envy, fear, and thus hatred and vengefulness under disguise of social justice.
Lol Nnamdi Kanu already said Igbos are a Jewish tribe. 😂😂😂. Well , Dr Sowell May be proving him right. 😂😂😂
I guess it would be too much to ask that the folks responsible for this video delve a little deeper into the Igbos? The Biafran war, and genocide; like the Rwandan war and genocide was perpetrated upon people who had learned how to peacefully co-exist by colonial outsiders. Not enough said about how the imperial invader destroyed that balance.
As a Nigerian I can tell you that the Igbos and Chineese are among the most hard working human beings on earth when it comes to running a business, they have many faults, and can be very tribalistic (igbos) or racist (chinesse) and thier busisess practises can be very terrible at times, but boy they will out work you and out smart you 5 to 1 in any business they are involved in. They just hv this business sense and hv the back breaking hard work ethics needed to make it work.
Cultural/Generational skill sets.
We aren't more racists then the other ethnic groups in Nigeria. If we were so racist then how is it that Igbos are found in all 36 states of Nigeria and all over the world doing our business
@@JustThinkingAboutIt Because they survived the ethnic cleansing by their fellow Nigerians, and Nigeria appears to have forgotten their time of being butchered by out of control Nigerian Mobs.
Oh please, practically all of the ethnic groups in Nigeria (and throughout Africa in general) are tribalistic and prejudiced towards one another, especially with the older generations. I think we younger ones are trying to fix this even with opposition from older family members.
@@io7625 I'm telling that that's not the case. The ones that are tribalistic are ones that don't travel and interact as much. Everybody isn't equal
Usury was not misunderstood. "middle man" were well known.
yet Christian Muslim middle men are " ok"?
Yet Only we are demonized..
Exactly parrotshootist.
Exactly.
take an ounce of gold, lend it in 1AD at 5% per year and tell me how much interests would that make today. compounded interests or not. yeah, right, very sustainable practice in a finite world. 🙄
@@kittytrail Well, is there a organization paying bonds at that rate, that has existed so long? If they continue offering interests, eventually the will become insolvent, no paradox of infinite consumption required: imagine a petri dish, it may seem like infinite growth, until colony collapse due to resource scarcity.
@@mksybr despite being pretty dense you've found the answer... 🐙
Still learning from Thomas Sowell for years now.
I didn’t realize the Igbo stand out above other Nigerians
Yes they really standout, they are some of the biggest drug dealers in south Africa, South East Asia and India hence the hate they get.
@kennybrown3302 cry harder 😂
We are persecuted for excellence
Fantastic video and it really gets at the heart of why some groups of people seem to encounter problems from local populations, often unfairly. I've witnessed it in multiple countries I've lived or worked in. For my own part, I thank those folks (mainly overseas Chinese and Jewish people, as well as other migrant people from Indian, Slavic and Italian origins) for stepping in and providing valuable services.
Time marches on... people need to pick Sowell's brain before it's any later. He's got gems galore, real life education.
And very much old...we know not for how long we will have him.
I'm Indonesian, my family aren't Chinese. Although only 3% identity as Chinese Indonesians, 8 of the top 10 richest Indonesians are of Chinese descent here.
Easy to understand why if you want to think about it. My dad prefers to go to Chinese owned DIY stores because of the reasons mentioned in this video like 1) they will sell at a lower margin so people will come to them, thus gives them volume to cover the low margin and makes you come back to them, plus 2) if you ask them for something they don't have, next time you come back they'll have it for you whether you still want it or not they now have something that someone was asking about when they didn't have it.
They're masters of delayed gratification. The store across the street is owned by another ethnicity and they do the opposite of the above, big profits now. But people don't come back to them because they're more expensive.
Those guys will normally be the first to blame the Chinese for their own incompetence when shit hits the fan. Pathetic.
People always blame others for their own failures...
LoL. Sounded like Costco is run by Chinese, High volume with 1 to 2% margins.
@@lordalfa600 it’s a good way to gain customer from other known stores in the area. The profit is in the volume that I will be able to sell and the people like cheap stuff better too.
It is the standard crab mentality. They just have to pull down the ones that have the intelligence and the tenacity to climb out of the mud. Pure jealousy and greed when they themselves don't want to work hard for it.
You seem like a an objectively observant and intelligent individual. You think logically and follow evidence impartially. As an American, I'm guessing that if I knew you, I would be honored to call you a friend or a colleague. I can tell you are marked for success in whatever you do, and you should be proud.
Knowledge and perseverance leads to prosperity but brings envy from many. What do you do? Step up security and keep producing
The lesson here is: take advantage of those around you , in an unscrupulous manner,, prepare to get wrecked by those you screw over
Did you watch the video at all? It shows how these middle-man minorities benefited those around them but were victimized out of jealousy. You are falling into the exact same trap of irrationality he describes in 19:55 - 20:15.
Another fact as rgds 'overseas Chinese' in SE Asia, in early 1900's, the British Colonial Authorities imported hundreds of thousands of coolie ('bitter labour') from Canton & Fuchien province to plant & work rice fields to feed the coolie labour working the tin mines. Coolie labour also worked the trading post of Singapore from it's founding. In Malaysia, the Brits promised small land plots to Fuchien rice farmers as enticement to settle in new settlements.
On another note, the Chinese traders of Malacca, the east indies, the Philippines etc were also there w the Arab and Indian traders in the 17th century. When the Brits came, signed treaties w/ local sultans, they cruelly cut out these middlemen many of whom turned to piracy having had their traditional trading relationships destroyed. This opened the door to the British Navy w/ Marines 'invited' to 'suppress' the interlopers. Let's be clear, this had everything to do w imperial military power forcefully imposing monopolistic trading treaties on greedy local lords against technologically backward opposition. A super power of whatever stripe if permitted will dominate any target it chooses.
Contrary to popular Chinese belief the etymology of "coolie" is South Asian, most probably Tamil meaning "wages", and not "bitter labor" (苦力). The word came to the earliest trade ports via the foreign compradors and was incorporated into the pidgin English of the time.
Amerimutts and angloid subhumans have been actively dividing and conquering for ages
@@NeostormXLMAX Silly, just silly. Stop sitting with friends confirming each other's silliness, and get up on your hind legs to read more, opine less, and retrieve what little intellect you may still have.
Excellent points. Would be great to also examine how middleman minorities in 🇮🇱 are treated.
Badly. It's ironic the Israeli Jews treat their minorities the same way as anti-semites treat their minority Jewish population. Sadly, humans are all the same.
@@larryc1616 Same can be said about China and Uighurs.
Basically, all the groups mention did not like the idea of assimilation in accordance with the host countries language, culture and ethnicity. Instead, they sold the idea of integration in accordance to the bare minimal legalistic principles of the state/ government.
Very hard to assimilate if nationality is based on ethnicity. Only in countries of immigrants, ie the new world, is assimilation easy.
@pugilist102 It's still not easy and they still don't assimilate! That is why they are resented for taking advantage of countries they did not risk, fight and die for.
@@pugilist102exactly. In old world countries, it doesn't work that way.
I can be an Igbo man in Yoruba land for 7 generations, but as long as my name isn't Yoruba and I can speak a language from elsewhere, I'm a foreigner.
A Yoruba man in the US that his grandpa left Nigeria before his father was born can come to Yoruba land and he will regarded more native than I am, despite my lineage living here for generations.
This kind of stuff doesn't happen in new world countries like Canada, US, Australia, parts of south america etc
Textbooks based upon the writings of Thomas Sowell should be mandatory reading in every U.S. High School.
Middlemen are valuable, but in some cases they are artificially propped up by law: for example, when farmers are not allowed to sell meat directly off the farm.
That will change soon, middlestien
I think that wouldn't happen on a large scale in any case.
It boils down to “choice.” Do consumers choose to pay a higher price for widgets from your neighbors or pay a lower price elsewhere?
Consumers and the middlemen are people, some are good and some are bad. I tend to believe animosity toward “Middlemen minorities” is a reflection of the people who have contempt towards foreigners and their perceived financial success. It’s a human response.
Also, did the native population welcome any foreigners by automatically integrating them into their community by providing food, spouses, and other necessities of life? Most likely not, so these foreigners had to hustle. Some people barely survived while others thrived. I believe faith, family, community, and sheer drive was the magic formula that made these “middlemen” families successful in a world full of competitors.
However, if there is an unfair monopoly in a particular market, the local population and their elected officials must intervene and stop it. Furthermore, it's best to project one's anger and rumblings about their country's economic policies towards their own government officials--not the "middlemen." The ruling elite are smart. They know how to distance themselves from the peasants. They use other "people" (or cut deals with them) to do the dirty work like collecting taxes.
lol you totally contradicted yourself in the last paragraph. what level of government? what elites? people are greedy all through the hierarchy. these middle men are useless and schemers, skimming those fees for use, marking up scarce products, being gatekeepers in local government to push back people with penalty and arbitrary rules.
There is no choice. it's either live or die. Go buy a drink or water that's Not produced by the big 5 corporations.
It’s not that simple.
It is the indifference to the suffering of others- done to or merely observed- that is more vastly evil than simple hatred.
To feel nothing is the opposite of love or compassion at the same time as abusing another. In hatred you feel -quite possibly even loved -the thing you hated at one point.
Hatred is a negative feeling. Indifference is a trait of psychopathy. In hatred you at least view someone as a person and not just an object you can do with as you please with no remorse.
I’m Igbo In Nigeria
Brilliant topic. I think the intangibility of what middlemen do is part of what creates the hatred. It’s easy to see what a creator, service worker or producer does. Middle manning is an ugly but necessary job, making money is pretty much the only reason to do it which is why I think people in disadvantaged positions resort to doing it. People dream of be the creator or the “do-er.” You dream of being the engineer that designs a car not a car salesman. You dream of being an architect, not a real estate agent. You dream of designing clothes, not sell other people’s clothes. You dream of being an actor, not an agent, etc etc. being a doctor, not an administrator. Yet in a lot of these cases the middlemen make more money, but should they be hated for it? They’re doing the less glamorous but necessary aspects of the job. The non middle men often think they want to cut out the middleman but realize they now have to do all the stuff that’s not so fun about the job. If you love making jewelry all the time, do you want to have to sell it too? Maybe not. Maybe it’s easier to just find one person or company who will consistently buy from you and they worry about who to sell it to and then you can just focus on what you enjoy doing.
While fair, I think your take simplifies the picture.
5:58 I liked this video's example of Argentinians being outcompeted by Jews.
It is easy from an outsider's perspective to think that these communities help each other out, don't respect the common rules, provide poor service and so forth...
Less controversial community, maybe a more european story, I've heard a lot of small restaurants complain against döner kebab shops : they employ their families for nothing, they employ undeclared workers, they don't respect basic hygiene rules, the food is bad.
Let's face it though döner kebabs are a generation's fast food in western Europe because it was the cheapest thing you could find, you'd fill your stomach and some more, they would sell whatever was needed (want a beer, want a smoke), I've seen them branch out and completely outcompete pizzerias for instance, they would be open when everybody else would be closed...
It takes guts to commit to a business for 7 days a week, 14 hours a day (on the top of my head), no vacations, for smaller margins than everyone else, in retail where you get all the poor interactions, with all the risks on your back...
People are willing to do retail, but these communities are commited to give it their all, with talents developped and transmitted amongst themselves, and they outshine others.
The Bamilekes of Cameroon went through the same type of oppression by the French and Cameroonian governments during the Cold War because their penchant for communal organization and financial skills made them prime target as they were looked upon as threat to those who were planning to take advantage of the riches of the nascent independent Cameroon! The Bamilekes and Igbos have some cultural similarities.
I’m igbo look forward to looking into your culture it’s nice finding like minded people
@@jayfizz545 I’m happy to have provided food for thought! colonial borders in Africa have caused a lot of hurt to groups of same cultural cloth!
When I was visiting the Philippines they hated Koreans and Chinese: both groups owned and ran businesses, but didn't integrate themselves into society. By keeping to themselves socially, geographically, and economically separate they made themselves a target to the envious locals.
Maybe, but many Jews offered inner city blacks opportunities only to see their businesses get burned down in the 60s riots.
@@JK-gu3tl Filipinos work for Chinese and Koreans, but still hate them while they take their money. You'd think they'd be happy to have a job, but no.
Philipines had it easy, because their middleman minority assimilated at some degree by converting to Catholicism.
In Indonesia and Malaysia the one that convert to Islam easily blend and unnoticable, intermarry and live side by side with the majority
I'm Filipino, this does not make sense. While its true that a lot of the chinese here are very wealthy and own most of the enterprises, it is worth noting that we Filipinos have chinese blood running through us, and thus, don't really see them as foreigners but more as distant cousins/relatives. That doesn't mean some filipinos don't hate them, but these are also the same type of filipinos who would hate their own skin.
Also, a lot of filipinos have obvious chinese blood in them. We call them chinese mestizos/mestizas. They are generally viewed as attractive.
Koreans are slowly getting hate because of kpop and some oversaturation of korean entertainment.
I would dislike those that stereotype Filipinos, especially given how historically racist Hong Kongers and South Koreans are towards most Southeast Asians. I havent heard of mass hatred recently against any foreigners even towards the US and Japanese despite both commited mass murder.
I simply can not understand why people support or defend another group of people who openly hate them. One supports free speech, while the other runs organisations to stop it. One supports traditional value, while the other are completely reformists. It's absurd.
Agreed! I doubt though that that discussion would be allowed on this platform. Cancel culture and censorship is in full swing. The truth is called hate speech to those who hate the truth.
Because 2 wrongs don't make right. Also, what do you have against the tiny hats? You sound just like BLM. Blaming your problems on those more successful than yourself. I could never understand the hatred of a tiny group of people. As though they're holding you down somehow. As though they have some kind of superpower that you cannot overcome.
@@goygoddess2822 This platform is owned by them, after all.
@@mattdillon4398 what problems did I blame? I'm pointing out the differences between people. You're so ironic considering they're the people who blame everyone else for everything, not the other way around. This is literally how many of them make money.
they always kvetch about what was, allegedly, done to _them_ but never why. kinda sus in my book... 🙄
Sowell shows what a person with intelligence & a pure love for the truth make a person. Whatever the truth may be, on any subject, that's what he sees, says, & is his only bias.
Quite a rarity, & such a gift to us.
I'm Native Indonesian and this video apply so much to Chinese-Indonesian =
1. Chinese-Indonesian is crucial as distributors because of vastness of Indonesian as well as agricultural based society that makes the Natives choose agricultural "honest" work in the peace time instead.
2. Chinese-Indonesian began to be resented the moment Colonist used them as intermediary between the White man and Native, since Arabs and Indians probably won't cooperate much (because Native and them is religiously similar).
3. Chinese-Indonesian were used to act as tax collector and land managers for the Colonist.
4. Before the Colonist arrival, Native don't hate the Chinese. The Natives protected Chinese during Chinezenmoord (Chinese genocide) by the Colonist. The hate start appears the moment colonists gave them a lot of privileges and intermediary roles.
5. Chinese-Indonesian receiving a lot of economic privileges from Colonist making their 'parasite' stigma from being a middle-man worsen. The middle-man role formerly held by Malay and Minang gone when Colonist arrived. Making the hatred concentrated to them.
6. Colonist decision to create racial strata and exclusivity among the Chinese heating up the tension. Before the Colonist arrival, this wasn't the case proven by "Ampyang marriage" and "Peranakan marriage". Racial strata caused the mix-children to have fewer privilege.
7. The hate don't apply to the Chinese or their descendant that weren't used as middle-man, like Benteng-Chinese, Pantura-Peranakan, and some Palembangese.
8. The hate also don't apply as intensely to "Colonist-lapdog" that doesn't serve them economically, like the Eastern Indonesian who often used as soldiers and mercenaries.
I don't see the native Indonesian show any resentment towards colonist (white man). Native Indonesian are just looking for an excuses and Chinese are easy target...
One of the wisest Americans I have read. Much celebrates. This is great insight.
There’s a difference when the minority uses the tactics of an organized crime faction. When they invest in activities like drug or human trafficking. Or when, through ideologies of supremacy, they seek dominance and subservience from those they are among.
Sowell is filled with insights on African American in the USA, a subject he knows best. As a young man he was an ardent communist. He then became an ardent capitalist. He is an ideological thinker who filters out the complex realities which contradict his idealized ideology. He says the middleman lowers costs but we also know that the entire goal of capitalism is to maximize profits. Slavery was bad but the exploitation of the the poor today is little better. It is true that mainstream media has blacklisted his views. This happens to a lot of people on the progressive side too. Sowell thinks ideologically rather than freely. He does well when he is right but badly when he is wrong.
I'm trying to figure out what exactly your point is.
@@Bizarreparade He would do well to stick to subjects he understands. His generalizations about other cultures are simplistic and incorrect stereotypes that, in a limited sense, justify the media blackout of his views on many issues.
These people have been a convenient target for unscrupulous politicians on many occasions to deflect criticism oftheir own failures and greed.
True intense history, true intense realism 😊, very educational content 😊
Chinese immigrants in Indonesia:
-constitute 3% of the population
-own 60% of the economy through businesses
During the Dutch occupation of Indonesia, the ruling Dutch class put the Chinese at a higher social level than the native Indonesians, because they perceived the Chinese to be more industrious.
Chinese in Vietnam say 'ni hao'; ~2% of the population, own ~70% of the economy. Not pleasant to do business with if you don't speak Vietnamese or Mandarin/Cantonese, they will often shoo you away!
This has been eye-opening. Thank you.
Is it just me or did this video felt like I've just attended a Master class in Socio-Economic relationships?
People are just financially ignorance. Most people don't run business, all they do is whine and hate. Middlemen are like lubricants in economic activity. If the activity is perfectly smooth, there is no need for such profession. But nothing is perfectly smooth.
Even Oil producers ask for long time contract for them to invest in exploration. Is there demand yet? No. Is there oils yet? No. But the oil middlemen still gave the guarantee to buy in certain amount for certain time. They then can use the guarantee to get funds and get the operation running, give high pay jobs to numerous people.
People are stupid and politicians are evil. That's the problem of humanity.
I’ve always thought this subject was interesting 💯
As indonesian Chinese we see big simmiliarities to jews story. We excel being middle men and get annual pogrom too
Annual progrom? Are u referring to suicide terrorist attacks?
@@puraLusa1965, 1998 riot, lot of race riot
The reason whole homogenous racial groups can be identified in various economic activities is because they are not known for employing people outside their group. Does Sowell cover this? It is a major source of resentment where I live. Most of the casual and Saturday jobs are now gone for our young people. They can't get a start.
Thank you Thomas Sowell.
A splendidly insightful presentation. Is this an audiobook excerpt from a book by Thomas Sowell?
From the book "Migrations and Cultures".
@@darthhodges Cheers
Remember you guys, they have the right to fleece you, but you don't have the right to f!ght back!
Igbos are one great middle man, they are pretty much in Greece 😅
They are also middle men in Turkey. One of them is my client.
@@akendon7260 Igbo olduklari icin mi Turkiyedeki Afrikalilar problem cikartmiyo?
I'm half Igbo. While these assertions about the "middle-man" minorities can't necessarily be disproved i do think ultimately the are anecdotal and can't be leveraged to support any concrete action, strategy, philosophy (understanding that Sowell is not setting up any such purpose in any event). That said, if I would add one thing judging from my observation of the Indians and Lebanese commercial activity/success in Nigeria, as well as Igbos/Nigerians' similar success in other places, it is that these communities have a cultural confidence - drawing from dynamics of their own home countries - in their ability to survey a new environment and figure out ways to exploit micro-commercial opportunities.
That's a good point you make about cultural confidence but is it a counterpoint? Doesn't seem to be.
Even now, Marwaris are hated in many parts of India.
While having taken part in riots and looting against the Chinese several times the Bugis people of South Sulawesi perform the same middleman minority functions in West Papua where the locals are less sophisticated.
IGBO is located in the EASTERN part of Nigeria
South East, Igbo doesn't even have an Eastern border like cross River, Taraba
@okene You need help my guy.
@@deborahmichael368 what did I say that was inaccurate?
Great Teaching
Christianity does not condemn earning interest on money lended; it condemns usury: the charging of excessive interest. Money-lending is or can be a legitimate occupation and the lender is entitled to charge for his product ( money) and services.
Who determines what is excessive interest, and what is fair ?
My understanding is that Christian authorities used to condemn all charging of interest, but the rules were relaxed centuries ago. But by that time, Jews were already well-established in banking, and it's not infrequent for descendants to continue in almost any sort of family business.
Makes sense
@@barryon8706 Jacob Fugger convinced the Catholic Church to drop the ban. Fougger built the world's first housing project, which exists to this day.
@@JK-gu3tl Thank you -- I hadn't known that detail.
In my country, Belize. Grocery stores are almost exclusively Chinese. In my hometown there's no local owned grocery stores, literally all Chinese. There's also a Lebanese minority in the Capital. A popular franchise store, Benny's is name after its Jewish founder, Benny Feinstein.
Belize is Carribean right?
@@okene Geography in Central America, but culturally Caribbean.
I could tell you one thing I used to work with Koreans in New York City, and a lot of them have a distain towards Jews because they compete against one another for business and owning real estate especially commercial real estate. A lot of the Asians know that they’re gonna have to pay high prices if they want to buy businesses from the Jews or real estate it’s kind of funny in the movie do the right thing spike Lee’s they kind of bring this out.
As an overseas Chinese living in South East Asia. I want to add that I think the middlemen minorities are also perceived as "exclusive" and only stick with their own race.
This is true because the truth is we dont want to marry the locals who have different beliefs and culture than us. But if the locals have the same beliefs with similar socio-economic background, assimilation is of no issue.
That's not true. The local will be assimilating into the Chinese culture, not the opposite. The Chinese are so loyal to China and Chinese culture even if they immigrate. That's one reason why theyre hated. They just feel like foreignors taking advantage of your country.
Prejudice seems to good to move people around the world. Unfortunately at horrible costs
Igbo and proud.
Isnt it strange how a group of people can hate so deeply a majority of another group of people? I know this video is going some way to explain why but even with the knowledge of why it still continues. It seems the modern hatred we have towards each other is socially manufactured by highly specialised government organisations. ‘Divide and conquer’
It's called a rac-ial pro-gram 4 the twen-teith cen-tury and the kal@ergi pl-an.
@@scorchedearth4248 yeah I’ve heard of it. Seems to be enough evidence to support an open conversation at the very least. But that’s make us racist bigots right?
This guy doesn't tell you the real reason. Just read about what the Talmud says about non Jews, women, children,etc. And the fact that the Jews were the major players in the slave trade.
@@polkanietzsche5016 You are correct, he won't call them out because he still works in the indoctrination institutions. He tells enough truth to be credible, but also knows who butters his bread.
@@polkanietzsche5016 yeah I’m not getting into all that. I know there’s some disgustingly evil Jews in the world and they are way over represented in elitist parasite class but your average Jewish man woman and child are just the same as the rest of us. Sorry bro
PHENOMENAL, the way it was explained in such detail and such an enjoyable presentation.
Great work Dr. Sowell! Scooby snacks for you.