When we hear (as we sometimes do) that (Russia's) economic output is about half the level of a decade ago or that real incomes have fallen sharply, it is worth recalling that economic statistics under the Soviet Union were hardly more reliable than any other official statements. Moreover, a country that produces what no one wants to buy, and whose workers receive wages that they cannot use to buy goods they want, is hardly in the best of economic health.

Free enterprise has enabled the creative and the acquisitive urges of man to be given expression in a way which benefits all members of society. Let free enterprise fight back now, not for itself, but for all those who believe in freedom.

People think that at the top there isn't much room. They tend to think of it as an Everest. My message is that there is tons of room at the top.

It is important not to allow ever wider coalition-building to become an end in itself. As we saw in the Gulf War of 1990, international pressures, particularly those exerted from within an alliance, can result in the failure to follow actions through and so leave future problems unresolved.

Unless we change our ways and our direction, our greatness as a nation will soon be a footnote in the history books, a distant memory of an offshore island, lost in the mist of time like Camelot, remembered kindly for its noble past.

There is much to be said for trying to improve some disadvantaged people’s lot. There is nothing to be said for trying to create heaven on earth.

If we are safe today, it is because America has stood with us. If we are to remain safe tomorrow, it will be because America remains powerful and self-confident. When, therefore, the Americans face difficulties, we need to say to them more clearly: We are with you.