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" That so many grandiose social schemes which sound plausible to the intellectual elites not only fail, but prove to be disastrously counterproductive, is by no means surprising when these schemes are analyzed in terms of the characteristics of the processes by which they operate, rather than the goals they seek or the visions to which they conform. At the heart of many of these schemes is third-party decision making. Third parties typically know less, even when convinced that they know more, in addition to lacking the incentives of those who directly benefit from being right and suffer from being wrong. "

Thomas Sowell , The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy


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Thomas Sowell quote : That so many grandiose social schemes which sound plausible to the intellectual elites not only fail, but prove to be disastrously counterproductive, is by no means surprising when these schemes are analyzed in terms of the characteristics of the processes by which they operate, rather than the goals they seek or the visions to which they conform. At the heart of many of these schemes is third-party decision making. Third parties typically know less, even when convinced that they know more, in addition to lacking the incentives of those who directly benefit from being right and suffer from being wrong.