Whether manufactured by black, white, brown or yellow hands, a widget remains a widget – and it will be bought anywhere if the price and quality are right. The market is a more powerful and more reliable liberating force than government can ever be.
As the former dissident Vladimir Bukovsky once remarked – referring to the Russian proverb to the effect that you cannot make an omelette without breaking eggs – he had seen plenty of broken eggs, but never tasted any omelette.
If you lead a country like Britain, a strong country, a country which has taken a lead in world affairs in good times and in bad, a country that is always reliable, then you have to have a touch of iron about you.
We very much hope that as we get growth that we can reduce the burden of taxation, that we can reduce income tax and increase the amount of genuine free enterprise and business enterprise... This is going... toward the restoration of the personal responsibility, the independence, with every man a property owner, every man a capitalist.
It seems like cloud cuckoo land. If anyone is suggesting that I would go to Parliament and suggest the abolition of the Pound Sterling - no! We have made it quite clear that we will not have a single currency imposed upon us.
As prime minister, I worked closely with Ronald Reagan for eight of the most important years of all our lives. We talked regularly both before and after his presidency. And I have had time and cause to reflect on what made him a great president.
There are significant differences between the American and European version of capitalism. The American traditiionally emphasizes the need for limited government, light regulations, low taxes and maximum labour-market flexibility. Its success has been shown above all in the ability to create new jobs, in which it is consistently more successful than Europe.
The spirit of the South Atlantic was the spirit of Britain at her best. It has been said that we surprised the world, that British patriotism was rediscovered in those spring days. It was never really lost. But it would be no bad thing if the feeling that swept the country then were to continue to inspire us. For if there was any doubt about the determination of the British people it was removed by the men and women who, a few months ago, brought a renewed sense of pride and self-respect to our country.
If one generation is expected to carry an excessive burden on behalf of another, it will seek by every means to avoid it. It will either demand that past promises are broken, or it will not work, or it will not pay taxes, or the most talented people will leave. Socialist governments which have tried to tax 'till the pips squeak' have ample experience of that.