Week by week, month by month, the House of Commons votes to divest itself of what it had gained through a length of time not much shorter than the hi… - Enoch Powell

But while, to the immigrant, entry to this country was admission to privileges and opportunities eagerly sought, the impact upon the existing population was very different. For reasons which they could not comprehend, and in pursuance of a decision by default, on which they were never consulted, they found themselves made strangers in their own country.

The right of free association, which is pleaded on behalf of collective price-fixing by trade unions, means nothing unless there is an equal right of non-association. It is contrary to the Rule of Law that any private association of citizens should be permitted to exercise, let alone to be endowed with the positive power to exercise, coercion over those who do not choose to belong to it. This power of coercion derives primarily from the legal privileges which trade unions, and trade unions uniquely, have enjoyed for the last sixty years, privileges which enable them to behave in ways that for any other associations would be unlawful and would result in damages for those who suffered injury at their hands... [N]o one has succeeded in showing that today these coercive powers are other than superfluous at best and at worst harmful, and that...the state of the law on which those privileges rest is ripe for urgent reform. The law of picketing, intimidation, contracting-out, immunity from process is not at this day defensible, either in itself or in its economic consequences. When combination to fix the price of labour enjoys no privileges which are denied to combinations for the purpose of fixing other prices, then the right of free association will be a reality and not a phrase, and one of the most serious obstacles will have been removed which impede at present the use of this nation's abilities and resources for the benefit of all her people.

[A]s long as the rate is fixed the speculator is on a one-way option. As soon as the rate is determined by the market, speculation is equal and opposite at the market rate. One has only to imagine what would be the position—and it is not an entirely out-of-the-way analogy—if there were to be fixed rates on the Stock Exchange. Everyone would know when they were false and did not correspond with the realities. The consequence would be that from time to time we should have to unpeg the fixed rates, with catastrophic changes of value, instead of the market rates being determined by the judgments of all who participate in the market. The same happens with a floating rate for a currency.