«

»

Apr
09
2009

Quote 21: Winston Churchill on the equity-efficiency tradeoff

The inherent vice of capitalism is the unequal sharing of the blessings. The inherent blessing of socialism is the equal sharing of misery.

— Winston Churchill.

So, really, it’s all about value judgments.

About the author

rauparaha

James Zuccollo is an economist at NZIER.

Permanent link to this article: http://www.tvhe.co.nz/2009/04/09/quote-21-winston-churchill-on-the-equity-efficiency-tradeoff/

5 comments

1 ping

  1. Matt Nolan says:

    A very good quote, although my favorite Churchill quote would have to be

    “Bessie Braddock: Sir, you are drunk.
    Churchill: And you, madam, are ugly. But in the morning, I shall be sober.”

  2. Lew says:

    Spot on, thanks – value judgements are important, but it’s critical that they not be treated as absolutes.

    L

  3. agnitio says:

    I like Matt’s one the most too, however this one is also a stunner:)

    The best argument against democracy is a five minute conversation with the average voter.

  4. rauparaha says:

    Winnie sure did have a way with words: I’d wouldn’t mind coming up with just one line that snappy in my lifetime!

  5. don morrison says:

    Very useful information . Thanks for sharing.

  1. Do Stress Management Courses REALLY WORK? | Post Traumatic Stress Syndrome says:

    [...] TVHE ยป Quote 21: Winston Churchill on the equity-efficiency tradeoff [...]

Comments have been disabled.

Bad Behavior has blocked 522 access attempts in the last 7 days.


View My Stats"; //-->