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.

  • 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.”

  • Lew

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


  • 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.

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

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  • Very useful information . Thanks for sharing.