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The economic losses are those which are common to all monopolistic and restrictive practices. Whenever relatively more is paid for one set of service… - Enoch Powell
" "The economic losses are those which are common to all monopolistic and restrictive practices. Whenever relatively more is paid for one set of services, and therefore less for all the rest, than would be paid in the absence of restrictive practices, the result is that the pattern of production is not as nearly as "right" as it would otherwise be: we waste part of our resources—human as well as material—by not putting them to the uses which yield the best return. In the modern state this is corrected not, as in the past, by unemployment and the forcing down of money wages, but by inflation and the devaluation of money: if one group succeeds in raising the price of its services by restrictive methods, then everyone else will also get around to being paid more for theirs, until a pattern which corresponds with the balance of supply and demand is again restored. The resultant inflation not only has the familiar inconvenient consequences for a country with a fixed parity of exchange. It also creates injustice for those persons and classes whose expectations are defined in fixed money terms.
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About Enoch Powell
John Enoch Powell (16 June 1912 – 8 February 1998) 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).
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Alternative Names:
J. Enoch Powell
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John Enoch Powell
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Additional quotes by Enoch Powell
I remember in the winter of 1945–46 cycling by myself along an open road near Muttra, when a young Brahmin drew alongside me and after some conversation in Urdu between us, pointed to his home some hundred yards from the road and suggested I go there with him for a drink of water. While my hosts used a brass vessel, I drank from a rough earthen tumbler, which, on thanking them and taking my leave, I smashed on the ground to show that I knew it could not anyhow be used again. 'He is a Hindu,' they said to one another with a smile. There is a sense in which it had been true: the British were married to India, as Venice was married to the sea.
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In my own constituency (where I estimate that about 10 per cent of the population are immigrants from Asia or the Caribbean) I have the impression that, as no doubt elsewhere, the first phase, the sudden impact of Commonwealth immigration, is over. I am going to prophesy, however, that there will be subsequent phases, when the problem will resume its place in public concern and in a more intractable form, when it can no longer be dealt with simply by turning the inlet tap down or off. Long before the coloured population reaches 5 per cent of the total, a proportion will have filtered into the general population, mingled with it in occupation, residence, habits and intermarriage. On the other hand, the rest, numerically perhaps much the greater part, will be in larger or smaller colonies, in certain areas and cities, more separated than now in habits, occupation and way of life. The irregular pattern of population and living which grew up higgledy-piggledy in the early years of immigration will have been tidied up. It is for these colonies, and the problems thereby entailed on our descendants, that they will curse the improvident years, now gone, when we could have avoided it all.
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