Socialists cry “Power to the people”, and raise the clenched fist as they say it. We all know what they really mean - power over people, power to the State.
We need a free economy not only for the renewed material prosperity it will bring, but because it is indispensable to individual freedom, human dignity and to a more just, more honest society.
Adam Smith's 'invisible hand' is not above sudden, disturbing, movements. Since its inception, capitalism has known slumps and recessions, bubble and froth; no one has yet dis-invented the business cycle, and probably no one will; and what Schumpeter famously called the 'gales of creative destruction' still roar mightily from time to time. To lament these things is ultimately to lament the bracing blast of freedom itself.
Any attempts by any government to change Community legislation to its own wishes are doomed to failure following the extension of policy areas now subject to majority voting... In our opinion, this must have serious implications for the traditional view of Parliament as a legislative body sovereignty.
[On George H.W. Bush:] By 1990 I had learned that I had to defer to him in conversation and not to stint the praise. If that was what was necessary to secure Britain's interests and influence, I had no hesitation in eating a little humble pie.
When I look at him [Edward Heath] and he looks at me, I don't feel that it is a man looking at a woman. More like a woman being looked at by another woman.