"The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries"

This quote by Winston Churchill speaks to the basic distinctions in between capitalism and socialism. Commercialism is a financial system based on private ownership of the methods of production and the pursuit of earnings. It has the prospective to develop great wealth, however it also has the potential to develop great inequality. The inherent vice of industrialism is the unequal sharing of true blessings, suggesting that the wealth produced by capitalism is not shared similarly amongst all members of society.

On the other hand, socialism is an economic system based upon public ownership of the means of production and the pursuit of social well-being. It has the possible to develop higher equality, however it also has the potential to create fantastic suffering. The inherent virtue of socialism is the equal sharing of sufferings, meaning that the suffering developed by socialism is shared similarly amongst all members of society.

Eventually, this quote by Winston Churchill highlights the compromises between capitalism and socialism. While commercialism has the prospective to develop fantastic wealth, it also has the possible to produce great inequality. Likewise, while socialism has the potential to create higher equality, it likewise has the prospective to produce excellent suffering.