"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."
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Nobel laureates in LiteraturePeople from OxfordPrime Ministers of the United KingdomPoliticians from EnglandHistorians from England
Original Language: English
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Sources
Churchill By Himself: The Definitive Collections of Quotations, ed. Richard Langworth, 2008, p. 394, Belle Vue, Manchester (Europe, p. 212) (1947, 6 December)
https://en.wikiquote.org/wiki/Winston_Churchill
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Winston Churchill
1874 – 1965
britischer Politiker
689 quotes on TrueQuotesView all quotes by Winston Churchill →
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