4 Winston Churchill Quotes on Economics

Winston Churchill quotes on economics

16. The conditions of the Transvaal ordinance under which Chinese Labour is now being carried on do not, in my opinion, constitute a state of slavery. A labour contract into which men enter voluntarily for a limited and for a brief period, under which they are paid wages which they consider adequate, under which they are not bought or sold and from which they can obtain relief on payment of seventeen pounds ten shillings, the cost of their passage, may not be a healthy or proper contract, but it cannot in the opinion of His Majesty's Government be classified as slavery in the extreme acceptance of the word without some risk of terminological inexactitude.

117. A nation trying to tax itself into prosperity is like a man standing in a bucket and trying to pull himself up by the handles.

157. 'Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.'

169. The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of misery.