While the Soviet Union has imposed its rule on its neighbours and drawn an iron curtain between east and west, we in Great Britain have given freedom and independence to more than forty-eight countries whose populations now number more than a thousand million - a quarter of the world's total.
If I were a German today, I would be proud, proud but also worried. I would be proud of the magnificent achievement of rebuilding my country, entrenching democracy and assuming the undoubtedly preponderant position in Europe. But a united Germany can't and won't subordinate its national interests in economic or in foreign policy to those of the Community indefinitely. Germany's new pre-eminence is a fact - and its power is a problem - as much for Germans as for the rest of Europe.
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.
Human rights did not begin with the French Revolution...[they] really stem from a mixture of Judaism and Christianity...[we English] had 1688, our quiet revolution, where Parliament exerted its will over the King...it was not the sort of Revolution that France's was...'Liberty, equality, fraternity' - they forgot obligations and duties I think. And then of course the fraternity went missing for a long time.
We must not fall into the trap of projecting our own morality onto the Soviet leaders. They do not share our aspirations, they are not constrained by our ethics, they always consider themselves exempt from the rules that bind other states.
When all the objectives of government include the achievement of equality - other than equality before the law - that government poses a threat to liberty.
We should not underestimate the enormity of the task which lies ahead. But little can be achieved without sound money. It is the bedrock of sound government.