Winston Churchill speaking at the Dundee by-election in 1908:
Socialism seeks to pull down wealth. Liberalism seeks to raise up poverty... socialism would kill enterprise; liberalism would rescue enterprise from the trammels of privilege and preference. Socialism assails the pre-eminence of the individual; Liberalism seeks, and shall seek in the future, to build up a minimum standard for the mass.Thanks to the Adam Smith Institute Blog.
3 comments:
The question is: Which one do the Lib Dems of the day support?
I prefer his more simple defense of liberalism versus socialism...
"Socialism is against capital; liberalism is against monopoly"
Jock Coats, you are oversimplifying. Liberalism is of course for the state monopoly of legislation and force. And if a monopoly doesn't violate the rights of individuals, liberalism might not have per se anything against it. (It's another matter, if there can be a monopoly that doesn't violate the rights of individual.) But what liberalism is really against is coercion.
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