A Quote by Enoch Powell
When we look at the astonishing material achievements of the West. we see these things as the result, not of compulsion or government action or the superior wisdom of a few, but of that system of competition and free enterprise, rewarding success and penalising failure, which enables every individual to participate by his private decisions in shaping the future of his society.
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The future of private enterprise capitalism is also the future of a free society. There is no possibility of having a politically free society unless the major part of its economic resources are operated under a capitalistic private enterprise system.
Does anyone believe for one moment that the progress we have made would have been possible under bureaucratic control of any government. This country was founded upon the principle of the regulation of private effort, of making rules for the game, and under that system alone can we look for the same success in the future which has been ours in the past. Our position today is the direct result of the free play among our people of private competitive effort.
A child is born on that day, and at that hour when the celestial rays are in mathematical harmony with his individual Karma. His horoscope is a challenging portrait, revealing his unalterable past and its probable future result. But the natal chart can be rightly interpreted only by men of intuitive wisdom - These are few.
Among other grand achievements, F. A. Hayek had a remarkable career pointing out the flaws in collectivism. One of his keenest insights was that, paradoxically, any collectivist system necessarily depends on one individual (or small group) to make key social and economic decisions. In contrast, a system based on individualism takes advantage of the aggregate, or 'collective,' information of the whole society; through his actions each participant contributes his own particular, if incomplete, knowledge-information that could never be tapped by the individual at the head of a collectivist state.
[T]rue socialism must be voluntary - not coerced. Even in the most complete system of society we can conceive the individual must still have rights and property. He must appropriate food to sustain his life. He must wear clothes which are his. He must have his private and exclusive apartment, and must have the right to be in some place on God's earth from which he cannot be evicted by landlord of society.
It means an educational system which does not simply equip the students to adjust to society, but which enables the student to challenge and to modify, and at times reject, if necessary, the received wisdom of his elders.
The market steers the capitalistic economy. It directs each individual's activities into those channels in which he best serves the wants of his fellow-men. The market alone puts the whole social system of private ownership of the means of production and free enterprise in order and provides it with sense and meaning.
Capitalism as a social order and as a creed is the expression of the belief in economic progress as leading toward the freedom and equality of the individual in a free and open society. Marxism expects this society to result from the abolition of private profit. Capitalism expects the free and equal society to result from the enthronement of private profit as supreme ruler of social behavior.
Private enterprise manages better all that to which it is equal. Anarchism declares that private enterprise, whether individual or cooperative, is equal to all the undertakings of society.
I've criticized President Bush for his failure to use his veto pen. There's plenty of blame to go around. The question is how to solve problems. It's not bailouts. What made America great? Free markets, free enterprise, manufacturing, job creation. That's how we're gonna do it, not by enlarging government.
The only result of our present system - unless we reverse the drift - must be the gradual extension of the fascist sector and the gradual disappearance of the system of free enterprise under a free representative government.
The true patriot scrutinizes the actions of his own government with unceasing vigilance. And when his government violates the morality and rightness associated with principles of individual freedom and private property, he immediately rises in opposition to his government.
Reason cannot desire for man any condition other than that in which not only every individual enjoys the most absolute, unbounded freedom to develop himself out of himself, in true individuality, but in which physical nature, as well, need receive no other shaping by human hands than that which is given to her voluntarily by each individual, according to the measure of his wants and his inclinations, restricted only by the limits of his energy and his rights.
In almost every enterprise, government has provided business with opportunities for private gain at public expense. Government nurtures private capital accumulation through a process of subsidies, supports, and deficit spending and an increasingly inequitable tax system.
I join cordially in admiring and revering the Constitution of the United States, the result of the collected wisdom of our country. That wisdom has committed to us the important task of proving by example that a government, if organized in all its parts on the Representative principle unadulterated by the infusion of spurious elements, if founded, not in the fears & follies of man, but on his reason, on his sense of right, on the predominance of the social over his dissocial passions, may be so free as to restrain him in no moral right, and so firm as to protect him from every moral wrong.
I have said, and I believe, that potentially we have in this country a free enterprise system of radio and television which is superior to any other. But to achieve its promise, it must be both free and enterprising. There is no suggestion here that networks or individual stations should operate as philanthropies. But I can find nothing in the Bill of Rights or in the Communications Act which says that they must increase their net profits each year, lest the Republic collapse.
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