Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

“Capitalism and communism stand at opposite poles. Their essential difference is this: The communist, seeing the rich man and his fine home, says: 'No man should have so much.' The capitalist, seeing the same thing, says: 'All men should have as much.'”     Phelps Adams

April 28, 2007

Quotes to Ponder: Capitalism

by Stephen Littau

Capitalism and communism stand at opposite poles. Their essential difference is this: The communist, seeing the rich man and his fine home, says: “No man should have so much.” The capitalist, seeing the same thing, says: “All men should have as much.” -Phelps Adams

The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. -Winston Churchill


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1 Comment

  1. I’ve heard the Churchill quote a few times before, and I loved it.

    But the Adams quote is new to me. I like that quote a lot.

    Comment by Ted — April 28, 2007 @ 9:11 pm

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