archives

Capitalism

This tag is associated with 2 posts

A Few Thoughts on 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   There’s a big brouhaha these days over socialism. The president declared that we would never become a socialist state. And virtually all of the Republicans use the word socialist as … Continue reading

The Tragedy of Self-Interest

“It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our necessities but of their advantages.”– Adam Smith – Back in … Continue reading