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" "In these circumstances it is essential we should be able to speak with sanity and authority in world monetary affairs. You cannot do this from a position of perpetual deficit.
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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In spite of half a century of effort, our society—and still more our world—is still disfigured by gross unfairness. ... Concern is indivisible and so is selfishness. A society which says 'to hell with famine and disease in Bangladesh, it's all their own fault, isn't it?' is extremely unlikely to balance this with compassion and justice for its own pensioners and its own low-paid.
...it must be clear that a future Labour Government intends to keep Britain fully part of the Western community of nations. ... Today there is a greater danger of that community falling apart than at any time since 1947. ... I myself believe that the threat of such a breakup would be greatly exacerbated by our withdrawal from Europe. ... There is no future for an isolationist Britain. If anyone wants a Britain poised uneasily between the Western alliance and the Communist block they can in the immortal words of Mr Sam Goldwyn "include me out".
[Roy Jenkins] agreed with many of the criticisms levelled against the performance of private industry and he agreed that the country needed a sharp change. There was a case for a significant extension of public ownership. (Applause.) But public ownership must be related directly to the ordinary Labour voters and the potential Labour voters in their day to day lives, particularly in development areas, to inflation, housing, and land use. "It is no good taking over a vast number of industries without a clear plan as to how and by whom they are going to be run. It is no good pretending that a transfer of ownership in itself solves our problems."