People from my sort of background needed Grammar schools to compete with children from privileged homes like Shirley Williams and Anthony Wedgwood Benn.
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.
It is sometimes said that because of our past we, as a people, expect too much and set our sights too high. That is not the way I see it. Rather it seems to me that throughout my life in politics our ambitions have steadily shrunk. Our response to disappointment has not been to lengthen our stride but to shorten the distance to be covered. But with confidence in ourselves and in our future what a nation we could be!
No theory of government was ever given a fairer test or a more prolonged experiment in a democratic country than democratic socialism received in Britain. Yet it was a miserable failure in every respect... To cure the British disease with socialism was like trying to cure leukemia with leeches.
I believe that the royal family are a focus of patriotism, of loyalty, of affection and of esteem. That is a rare combination, and we should value it highly.
Remember the 'Parable of the Talents' in the New Testament? Christ exhorts us to be the best we can be by developing our skills and abilities, by succeeding in all our tasks and endeavors. What better description can there be of capitalism?
But because we accept the sanctity of life, the responsibility that comes with freedom and the supreme sacrifice of Christ expressed so well in the hymn: 'When I survey the wondrous cross on which the Prince of Glory died. My richest gain I count but loss and pour contempt on all my pride.'