Quote by Sir Winston Churchill

Socialists think profits are a vice; I consider losses the real vice.

Socialists think profits are a vice; I consider losses the r

Summary

In this quote, the author emphasizes that while socialists view profits as something negative, they personally believe that it is in fact the losses that should be seen as harmful. The socialist ideology often frowns upon the accumulation of wealth and emphasizes more equitable distribution of resources. However, the author suggests that it is the inefficiency and negative impact of losses that one should be concerned about, as they can lead to economic instability and hinder progress. Thus, the quote reflects a differing perspective on economic principles between socialists and the author.

Topics

Communism

By Sir Winston Churchill

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