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Those who, in the nineteenth century, argued the dangers of a mass democracy in which a majority of the voters would have no stake in the country at … - Nigel Lawson
" "Those who, in the nineteenth century, argued the dangers of a mass democracy in which a majority of the voters would have no stake in the country at all, had reason to be fearful. But the remedy is not to restrict the franchise to those who own property: it is to extend the ownership of property to the largest possible majority of those who have the vote. The widespread ownership of private property is crucial to the survival of freedom and democracy. It gives the citizen a vital sense of identification with the society of which he is a part. It gives him a stake in the future—and indeed, equally important, in the present. It creates a society with an inbuilt resistance to revolutionary change.
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About Nigel Lawson
Nigel Lawson, Baron Lawson of Blaby PC (11 March 1932 – 3 April 2023) was a British politician. Originally a financial journalist, he was editor of The Spectator from 1966 to 1970. He was Chancellor of the Exchequer between June 1983 and October 1989 during the government of Margaret Thatcher and oversaw a sizable reduction in taxes as well as the privatization of many state-owned companies. He fell out with Mrs Thatcher over the issue of European monetary co-operation and resigned suddenly over her having supplanted him with one of her own advisers.
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Alternative Names:
Nigel Lawson, Baron Lawson of Blaby
•
Lord Lawson
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Additional quotes by Nigel Lawson
Today 'nationalism' is out of fashion among the opinion-formers. Thanks to a superficial misreading of history, it is accused of having been responsible for two world wars and has widely come to be regarded as a political sin of the first magnitude, fortunately found only in such antiquated and obsolete figures as General de Gaulle. In fact the real danger comes from ideologies not nationalism; for while a nation may properly respect the nationhood of others, an ideology knows no frontiers... Once [the Tories] lose their claim to be, in the fullest sense, the 'national party', they are left, as they are in danger of being left today, either as the party of the 'individual' – a noble but to most people an austere and forbidding creed – or else as the party of the middle classes, which condemns them to a permanent minority.
The time has come for a wholly new approach to economic policy in Britain. The overriding need is for a long-term stabilisation programme to defeat inflation, recreate business confidence and provide a favourable climate for economic growth. At the head of such a programme must lie a firm commitment to a steady and gradual reduction in the rate of growth of the money supply, until it is consistent with our best guess at a potentially sustainable rate of economic growth. Only in this way can inflation be wrung out of the system. But this alone is not enough... An equally important part of a long term stabilisation plan has to be a reduction in the present Budget deficit... Indeed, something akin...to the old balanced Budget discipline needs to be restored: the secret of practical economic success, as overseas experience confirms, is the acceptance of known rules. Rules rule: OK?
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A national currency lies at the very heart of national sovereignty. A common currency is something that can only properly follow political union: it cannot precede it. It is significant that whereas the Zollverein or customs union paved the way to the German Federation a century ago, it was only after Prussia and Bismarck had achieved a political union, with blood and iron, that a common German currency could be born.
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