The downsides of capitalism and socialism

Contrasts between capitalism and socialism:

“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”

Winston Churchill

Ponder that contrast:

  • capitalism  socialism
  • ‘vice’            ‘virtue’
  • unequal      equal
  • blessings    miseries

Also:

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

Winston Churchill

Read those comments and ponder what do we want more of –

  • blessings or miseries,
  • profits or losses.

Is one choice of each pair more moral than the other?

I found the above quotes and others at The 40 Greatest Quotes From Winston Churchill, an article by John Hawkins.

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