I am in favour of sensible, well argued extensions of public ownership. ... But I am also in favour of a healthy, vigorous and profitable private sec… - Roy Jenkins

...be prepared first to look at the evidence and to recognize how little the widespread use of prison reduces our crime or deals effectively with many of the individuals concerned. [The rule of law does not mean] our own pet prejudices. It means, in a democratic society, the law as passed by an elected Parliament and applied by impartial courts. You cannot have a rule of law while dismissing with disparagement Parliament, the courts and those who practise in them. That is not the rule of law. It is exactly what the pressure groups you complain about seek to achieve by demonstration.

[A]lmost without a struggle, we have just witnessed a major lurch to the left in policy-making. The supreme authority of the Labour Party committed itself nine days ago to...a near neutralist and unilateralist position, which would make meaningless our continued membership of NATO...a commitment to practical non-cooperation with the European Community, leading in all likelihood to a firm proposal for complete withdrawal...a massive further extension of the public sector, despite the manifold unsolved problems which beset our nationalised industries, and mounting evidence from all over the world that full-scale state ownership is more successful in producing tyranny than in producing goods. Capitalism has its crisis today, but so too does estate socialism. There is now no economic philosopher's stone. But more successful nations are those which embrace a mixed economy and follow it with some consistency of purpose, not forever changing the frontiers. What remains of the private sector is to have enterprise squeezed out of it by being subjected to a straightjacket far tighter than in any other democratic country in the world.
This is not by any stretch of the imagination a social democratic programme. Nor do I believe that it is the way to protect Britain's security, help the peace of the world, revitalise our economy, or represent the views of the great majority of moderate left voters.

...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.