All corporatism - even when practised in societies where hard work, enterprise and cooperation are as highly valued as in Korea - encourages inflexibility, discourages individual accountability, and risks magnifying errors by concealing them.
Margaret ThatcherFreedom is not synonymous with an easy life. ... There are many difficult things about freedom: It does not give you safety, it creates moral dilemmas for you; it requires self-discipline; it imposes great responsibilities; but such is the nature of Man and in such consists his glory and salvation.
Margaret ThatcherAdam 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.
Margaret ThatcherWe should not expect the state to appear in the guise of an extravagant good fairy at every christening, a loquacious companion at every stage of life's journey, and the unknown mourner at every funeral.
Margaret ThatcherThe spirit of the South Atlantic was the spirit of Britain at her best. It has been said that we surprised the world, that British patriotism was rediscovered in those spring days. It was never really lost. But it would be no bad thing if the feeling that swept the country then were to continue to inspire us. For if there was any doubt about the determination of the British people it was removed by the men and women who, a few months ago, brought a renewed sense of pride and self-respect to our country.
Margaret Thatcher