You and I come by road or rail, but economists travel on infrastructure.

(I)t is highly questionable whether when 'Europe speaks with one voice', as we are so often told it is doing, anyone is really listening. Europe's reputation as a serious player in international affairs is unenviable. It is a feeble giant who desperate attempts to be taken seriously are largely risible. It has a weak currency and a sluggish inflexible economy, still much reliant on hidden protectionism. It has a shrinking, ageing, population and, with the exception of Britain, rather unimpressive armed forces and, not excepting Britain, muddled diplomacy.

Socialism's results have ranged between the merely shabby and the truly catastrophic - poverty, strife, oppression and, on the killing fields of communism, the deaths this century of perhaps 100 million people. Against that doctrine was set a contrary, conservative belief in a law-governed liberty. It was this view which triumphed with the crumbling of the Berlin Wall. Since then, the Left has sought rehabilitation by distancing itself from its past.

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.'

Ladies and gentlemen, I stand before you tonight in my … chiffon evening gown, my face softly made up, my fair hair gently waved, the Iron Lady of the Western world. Me? A Cold War warrior? … Well, yes — if that is how they wish to interpret my defense of values of freedoms fundamental to our way of life.

The real case against socialism is not its economic inefficiency, though on all sides there is evidence of that. Much more fundamental is its basic immorality.

Marxists get up early to further their cause. We must get up even earlier to defend our freedom.