1 Economic Perspectives on Liberalism: Assignment Part II
Part Two
Social Studies 30
5 marks
Choose one quotation from the left and match it to an image from the right, or choose your own
quotation about economic systems and the principles of liberalism and a suitable image to accompany
it.
Suggested Quotations
Suggested Images
Socialism failed because it couldn’t tell
the economic truth; capitalism may fail
because it couldn’t tell the ecological
truth.
Lester Brown
Chengdu, China 2007
Courtesy L. Ramsey
Capitalism is the astounding belief that
the most wickedest of men will do the
most wickedest of things for the greatest
good of everyone.
John Maynard Keynes
Asking for a helping hand, Tibet
Courtesy L. Ramsey
2 Economic Perspectives on Liberalism: Assignment Part II
Social Studies 30
The inherent vice of capitalism is the
unequal sharing of blessing; the inherent
virtue of socialism is the equal sharing of
miseries.
Sir Winston Churchill
After the Hurricane, 2010
Courtesy N. Hartford
Prosperity or egalitarianism—you have to
choose. I favour freedom—you never
achieve real equality anyway; you simply
sacrifice prosperity for an illusion.
Mario Vargas Llosa
My Christmas
Courtesy N Hartford
True individual freedom cannot exist
without economic security and
independence. People who are hungry
and out of a job are the stuff of which
dictatorships are made.
Franklin D. Roosevelt
Peterhof Palace, St Petersburg, Russia
3 Economic Perspectives on Liberalism: Assignment Part II
Social Studies 30
Courtesy Wayne Sharko
There can be no liberty unless there is
economic liberty.
Margaret Thatcher
Candy Shop
Courtesy L Ramsey
A society that puts equality before
freedom will get neither. A society that
puts freedom before equality will get a
high degree of both.
Milton Friedman
Beach
Courtesy Shaun Clarke
It is true that liberty is precious—so
precious that it must be rationed.
Vladimir Lenin
4 Economic Perspectives on Liberalism: Assignment Part II
Social Studies 30
Oil # 19
Courtesy Edward Burtynsky
Capitalism and communism stand at
opposite poles. Their essential difference
is this: The communist, seeing the rich
man and his fine home, says, “No man
should have so much.” The capitalist,
seeing the same thing, says, “All men
should have as much.”
Phelps Adams
Russian ladies selling whatever they can, 2008
Courtesy Wayne Sharko
The gap in our economy is between what
we have and what we think we ought to
have—and that is a moral problem, not
an economic one.
Paul Heyne
Tokyo
Courtesy Trey Ratcliff