Quote by William Howard Taft

Socialism proposes no adequate substitute for the motive of enlightened selfishness that to-day is at the basis of all human labor and effort, enterprise and new activity.

Socialism proposes no adequate substitute for the motive of

Summary

This quote suggests that socialism lacks a suitable replacement for the motive of self-interest that currently drives individuals to work, take risks, and seek new opportunities. The concept of "enlightened selfishness" implies that individuals are motivated by their own personal goals and desires but recognize the importance of considering the well-being of others and the collective society. According to the quote, socialism fails to provide a compelling alternative that encompasses both individual ambition and societal progress.

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By William Howard Taft

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