Winston Churchill Quotes
The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.
Winston Churchill, 1874-1965, House of Commons, 22 October 1945, quoted in Conservative Digest, August 1988
Sourced by: Eigen's Political and Historical Quotations
We are still grappling with the distribution of wealth issue.
Abrams originated this famous phrase which many have been used subsequently for various “socialized” government benefits that were available to the rich but not the poor. He was referring to the fact that at the time, the government provided housing assistance to the rich by having federally insured mortgages and granting tax deductions for the interest in home mortgages, but there was no assistance to the poor who could only afford to rent and had no tax deductions nor was there any federal public housing assistance. During the Great Recession the phrase was often used when the government gave bail out money to General Motors and the largest banks who were close to bankruptcy, but the landscaping gardener or the hot dog vendor whose business was falling because of the recession were told that is the capitalist system—there are some winners and some losers. The government officials who advocated the bailout did not disagree about the fairness and appropriateness of the Abrams phrase but if they had not bailed the banks out, the entire economic system of the country would probably have collapsed and the ensuing depression would hurt the average worker and the poor even more. Related to the recent “too big to fail” concept.
The same greatest issue was still before the people a century later. See {633217} , {635104} & {630538}.
Sir Winston Leonard Spencer Churchill, KG, OM, CH, TD, DL, FRS, RA was the Prime Minister of the United Kingdom from 1940 to 1945, during the Second World War, and again from 1951 to 1955. Apart from two years between 1922 and 1924, Churchill was a Member of Parliament (MP) from 1900 to 1964 and represented a total of five constituencies. Ideologically an economic liberal and imperialist, he was for most of his career a member of the Conservative Party, as leader from 1940 to 1955. He was a member of the Liberal Party from 1904 to 1924. Churchill was also well known for his military career and as a historian, painter and writer, and among his many awards was the Nobel Prize in Literature.
