When losses are made, under the present system those losses are borne by the individuals who sustained them and took the risk and judged things wrong… - Winston Churchill
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When losses are made, under the present system those losses are borne by the individuals who sustained them and took the risk and judged things wrongly, whereas under State management all losses are quartered upon the taxpayers and the community as a whole. The elimination of the profit motive and of self-interest as a practical guide in the myriad transactions of daily life will restrict, paralyse and destroy British ingenuity, thrift, contrivance and good housekeeping at every stage in our life and production, and will reduce all our industries from a profit-making to a loss-making process.
Sir Winston Leonard Spencer Churchill KG OM CH TD FRS PC (November 30, 1874 – January 24, 1965) was a British statesman who served as Prime Minister of the United Kingdom from 1940 to 1945, during the Second World War, and again from 1951 to 1955. Churchill was a Sandhurst-educated soldier, a Nobel Prize-winning writer and historian, a prolific painter, and one of the longest-serving politicians in British history. Apart from two years between 1922 and 1924, he was a Member of Parliament (MP) from 1900 to 1964 and represented a total of five constituencies. Ideologically an economic liberal and imperialist, he was for most of his career a member of the Conservative Party, which he led from 1940 to 1955, though he was a member of the Liberal Party from 1904 to 1924.
Biography information from
Wikiquote·
Portrait adapted from
Wikimedia Commons, Yousuf Karsh (Public domain / CC0)
Also Known As
Birth Name:
Winston Leonard Spencer Churchill
Also Known As:The pug•The Old Lion
Alternative Names:
Winston Spencer Churchill
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Charles Maurin
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David Winter
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The Honourable Sir Winston Spencer Churchill
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Colonel Warden
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Sir Winston Leonard Spencer Churchill
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Sir Leonard Spencer
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Sir Winston Churchill
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Sir Winston Spencer Churchill
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Mr Green
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The Right Honourable Sir Winston Spencer Churchill
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The Right Honourable Sir Winston Leonard Spencer Churchill
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The Right Honourable Sir Winston Churchill
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Churchill
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Winston S. Churchill
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Winston Leonard Spencer-Churchill
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Sir Winston Leonard Spencer-Churchill
Some regard private enterprise as if it were a predatory tiger to be shot. Others look upon it as a cow that they can milk. Only a handful see it for what it really is — the strong horse that pulls the whole cart.
No one pretends that democracy is perfect or all-wise. Indeed, it has been said that democracy is the worst form of government except all those other forms that have been tried from time to time.
In the twinkling of an eye I found myself without an office, without a seat, without a party, and without an appendix.
