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.

6 replies
  1. Matt Nolan
    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
    Lew says:

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

    L

  3. agnitio
    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.

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