When you take into public ownership a profitable industry the profits soon disappear. The goose that laid the golden eggs goes broody. State geese are not great layers.
Choice is the essence of ethics: if there were no choice there would be no ethics, no good, no evil; good and evil have meaning only insofar as man is free to choose.
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.
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 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.
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.
What really gets me is this - it's very ironic that those who are most critical of extra tax are those who are most vociferous in demanding extra expenditure. What gets me even more is that having demanded that extra expenditure they are not prepared to face the consequences of their own action and stand by the necessity to get the tax to pay for it. I wish some of them had a bit more guts and courage than they have.
Leadership is about having principles. A leader must have a vision and principles that will endure for all time and must always be true to these principles, applying them to changing circumstances