Before more months or years are spent by Ministers, by economic staffs, by industrialists and by trade unionists, in a pursuit which is as foredoomed… - Enoch Powell

Wages, profits, prices are determined, always have been determined, and always will be determined until we go Communist, by the market—by supply and demand working through the market. While we tie ourselves into knots trying to invent non-market criteria for our commissions to use, the market is there, noiselessly, efficiently, irresistibly doing the job for us all the time. Irresistibly—yes, and there's the rub. For there is one thing outside the market in a modern economy, and that is money itself. Governments can and do satisfy the demand for money, raise and lower the supply of money. In short, governments have the power to control money, which is so largely their own creation. If governments allow monetary demand to increase faster than productivity, the market will not stop the process, because it cannot stop it. The market will simply go on determining wages, profits and prices in ever higher monetary terms—until something busts.

To be loyal is, for the Unionist, to accept the will of Parliament as expressed in the law of the land, which is made by the Crown in Parliament... What, however, no person who calls himself a Unionist can do without self-contradiction, is to place limits or conditions upon his obedience to the Crown in Parliament. He cannot say: "If Parliament makes laws I do not like, I will not obey them". He cannot say: "Unless Parliament amends the present laws in the way I want, I will go off and declare myself independent".

I do not believe that the loyalty of those many who over those 270 years, and particularly in this century, worked together and died together as part of the union under the Crown, was to the Crown quite simply, even though they wore the Crown on their uniforms and many of them wore it on their hearts. They were not the mercenaries of a Habsburg empire bound together by personal union and dynastic marriages; they were not the servants of a Hohenzollern empire imposed by military force. It was the Crown of the United Kingdom in parliament which was the centre of loyalty, as it is the essential unifying element of this realm, in the name of which and under the inspiration of which men and women these 270 years have worked and lived and died together.