Capitalism without bankruptcy is like Christianity without hell.
Meaning of the quote
'Capitalism without bankruptcy is like Christianity without hell.' This quote means that in a capitalist system, the idea of going out of business or losing everything is an important part of how the system works. Just like in Christianity, the idea of hell is an important part of the religion, even though it's not a pleasant one. The quote suggests that if you remove the consequences of failure or wrongdoing from a system, it loses an important part of what makes it function.
About Frank Borman
Frank Borman was an American astronaut who commanded the historic Apollo 8 mission, becoming one of the first humans to orbit the Moon. He had a distinguished career in the U.S. Air Force, working as a test pilot and later becoming CEO of Eastern Air Lines, where he led the company through its most profitable years.
More quotes from Frank Borman
It’s a vast, lonely, forbidding expanse of nothing rather like clouds and clouds of pumice stone. And it certainly does not appear to be a very inviting place to live or work.
American astronaut
Capitalism without bankruptcy is like Christianity without hell.
American astronaut
Exploration is really the essence of the human spirit.
American astronaut