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Churchill on socialism, millionaires and the foundation of our liberties

Years later, Churchill’s warnings about socialism have been realized. But we had not read his opinion about millionaires.

Some find it horribly frustrating that millionaires are good for a free people and a free economy (in contrast to the slaves of a mafia economy). Churchill saw the practical utility of the millionaire -

“far from depriving ordinary people of their earnings, [the millionaire] launches enterprise and carries it through, raises values, and he expands that credit without which on a vast scale no fuller economic life can be opened to the millions. . .”

Successful entrepreneurs - millionaires - good for millions of people - all those who have jobs due to Bill Gates, Steve Jobs or Richard Branson. . .Odd that intellectuals can't grasp this idea.

We recommend the following statement by Churchill about liberty, because we think it carries an important message to those interested in the British Constitution -

“The Declaration [of Independence] is not only an American document. It follows on the Magna Carta and the Bill of Rights as the third great title deed on which the liberties of the English-speaking peoples are founded.”

Thanks to Instapundit for the link.

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