The problem with socialism is that sooner or later you run out of everyone else's money.

In a system of free trade and free markets poor countries - and poor people - are not poor because others are rich. Indeed, if others became less rich the poor would in all probability become still poorer.

The right-of-centre parties still often compete with left-of-centre ones to proclaim their attachment to all the main programmes of spending, particularly spending on social services of one kind or another. But this foolish as well as muddled. It is foolish because left-of-centre parties will always be able to outbid right-of-centre ones in this auction - after all, that is why they are on the left in the first place. The muddle arises because once we concede that public spending and taxation are than a necessary evil we have lost sight of the core values of freedom.

The Nuremburg trials were attacked at the time as 'victor's justice'. And this is precisely what they were - and were intended to be.

Watch your thoughts for they become words. Watch your words for they become actions. Watch your actions for they become habits. Watch your habits for they become your character. And watch your character for it becomes your destiny. What we think, we become. My father always said that... and I think I am fine.

Nevertheless, the Tenth Commandment-'Thou shalt not covet'-recognizes that making money and owning things could become selfish activities. But it is not the creation of wealth that is wrong, but love of money for its own sake. The spiritual dimension comes in deciding what one does with the wealth. How could we respond to the many calls for help, or invest for the future, or support the wonderful artists or craftsmen whose work also glorifies God, unless we had first worked hard and used our talents to create the necessary wealth?

Socialists cry “Power to the people”, and raise the clenched fist as they say it. We all know what they really mean - power over people, power to the State.