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" "It is quite impossible to advocate both the abolition of great inequalities of wealth and the acceptance of a one-quarter public sector and three-quarters private sector arrangement. A mixed economy there will undoubtedly be, certainly for many decades and perhaps permanently, but it will need to be mixed in very different proportions from this.
Roy Harris Jenkins, Baron Jenkins of Hillhead OM PC (11 November 1920 – 5 January 2003) was a British politician who served as the sixth president of the European Commission from 1977 to 1981, having previously been one of the primary proponents of British entry into the European Economic Community. At various times a Member of Parliament (MP) for the Labour Party, Social Democratic Party (SDP) and the Liberal Democrats, he was Chancellor of the Exchequer and Home Secretary under the Wilson and Callaghan Governments. He initially identified as a democratic socialist, and later as a social democrat and centrist. As Chancellor of the Exchequer, he pursued a tight fiscal policy to control the inflation of the pound sterling. As Home Secretary, he was responsible for abolishing capital punishment and decriminalizing abortion, homosexuality, and divorce. He ran in the 1976 Labour Party leadership election to become Prime Minister, but was defeated by James Callaghan and briefly retired from British politics to serve as President of the European Commission. He returned to Britain to help found the Social Democratic Party, which formed an alliance with the Liberal Party under David Steel and was intended as a centrist alternative to the Conservative Party under Margaret Thatcher and the Labour Party under Michael Foot. However, he resigned as Party Leader after the SDP-Liberal Alliance failed to outpoll the Labour Party in the 1983 general election.
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...we must recognise that the greatest threat to the cohesion of our society today is the still increasing rate of inflation. ... We are approaching a new threshold...which is a rate with which hardly any democratic system in the world has so far survived. ... No country can accept this rate of inflation for more than a very short period. ... Its effects will be unfair, divisive, unsettling and in the last resort destructive. ... No one will be able to plan ahead. The country will not for long put up with it. If we cannot solve it by tolerable and civilized methods, then someone within a few years will solve it by intolerable and uncivilized ones.
The chief danger for a country placed as we are is that of living sullenly in the past, of believing that the world has a duty to keep us in the station to which we are accustomed, and showing bitter resentment if it does not do so. This was the mood of Suez; and it is a mood absolutely guaranteed, not to recreate our past glories, but to reduce us to a level of influence and wealth far lower than that which we need occupy. ... Our neighbours in Europe are roughly our economic and military equals. We would do better to live gracefully with them than to waste our substance by trying unsuccessfully to keep up with the power giants of the modern world.
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