I came to office with one deliberate intent: to change Britain from a dependent to a self-reliant society - from a give-it-to-me, to a do-it-yourself nation. A get-up-and-go, instead of a sit-back-and-wait-for-it Britain.
Gentlemen, if we don't cut spending we will be bankrupt. Yes, the medicine is harsh, but the patient requires it in order to live. Should we withhold the medicine? No. We are not wrong. We did not seek election and win in order to manage the decline of a great nation.
How very popular to say, 'spend more on this, expend more on that.' And of course, we all have our favorite causes; I know I do. But someone has to add up the figures. Every business has to do it, every housewife has to do it, [and] every government should do it.
You want to keep more of the money you earn? I'm afraid that's very selfish. We shall want to tax that away. You want to own shares in your firm? We can't have that. The state has to own your firm. You want to choose where to send your children to school? That's very divisive. You'll send your child where we tell you.
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.
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.
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.
There is no week, nor day, nor hour, when tyranny may not enter upon this country, if the people lose their supreme confidence in themselves, and lose their roughness and spirit of defiance. Tyranny may always enter—there is no charm or bar against it.
Isn't a policy of conventional weapons, with the terrible bombs raining down, with the missiles, with the aircraft, with the submarines, with the torpedoes, with the tanks, with chemical weapons - isn't that based on the possibility of threat?
The West as a whole in the early 1990s become obsessed with a 'peace dividend' that would be spent over and over again on any number of soft-hearted and sometimes soft-headed causes. Politicians forget that the only real peace dividend is peace.
I want a capital-earning democracy. Every man and woman a capitalist. Housing is the start. If you're a man or woman of property, you've got something. So every man a capitalist, and every man a man of property.