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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 wrong… - Winston Churchill
" "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.
English
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About Winston Churchill
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
Also Known As
Birth Name:
Winston Leonard Spencer Churchill
Also Known As:
The pug
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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
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Additional quotes by Winston Churchill
The very first thing the President did was to show me the new Presidential Seal, which he had just redesigned. He explained, 'The seal has to go everywhere the President goes. It must be displayed upon the lectern when he speaks. The eagle used to face the arrows but I have re-designed it so that it now faces the olive branches ... what do you think?' I said, 'Mr. President, with the greatest respect, I would prefer the American eagle's neck to be on a swivel so that it could face the olive branches or the arrows, as the occasion might demand.'
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