Enoch Powell Quotes
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.
Powell, J. Enoch. Freedom and Reality. Elliot Right Way Books, 1969, p. 34.
[Most theoretical conservative economists believe this. When presented with the reality of market systems where great damage was done to people and areas, as in the Great Depression of 1929 and the Great Recession in 2008, they tend to argue that these were not really free markets—–that for various reasons, often they argue that government interference, corrupted the free market. Almost all economists would agree that if there were real highly competitive market his quote would be corrupt, but many have shown that the very greed that is produced by a free market tends to make the major players transform the market to reduce their risk and increase their power, thus producing monopoly, oligarchy, collusion, and anti-competitive practices. Greed is never harmless if it gets enough power.]
John Enoch Powell MBE was a British politician, classical scholar, author, linguist, soldier, philologist, and poet. He served as a Conservative Member of Parliament (1950–1974), then Ulster Unionist Party (UUP) MP (1974–1987), and was Minister of Health (1960–1963).
