It was not long ago that we thought utopia was within reach... What has happened to all this optimism? Has it really crumbled under the weight of ris… - Keith Joseph

Low output a man, which is what overmanning comes to, means low pay a man. Overmanning does not protect British jobs except in the short-term. The jobs protected by it are German and Japanese jobs. Overmanning is a large part of the British disease and the Labour Government actually encourages it. The industrial strategy, a verbal smokescreen, may blather on about being competitive but nearly every action taken under it involves a subsidy from the taxpayer to overmanning.

The entrepreneur is the person who seeks to identify what consumers, at home or abroad or both, want and would be willing to buy at a profitable price. These entrepreneurs are the job-creators because it is they who gather the men and women, the material, the machinery, and the money to turn the vision of a market into a reality.

Making the rich poorer does not make the poor richer, but it does make the state stronger—and it does increase the power of officials and politicians, power more menacing, more permanent and less useful than market power within the rule of law. Inequality of income can only be eliminated at the cost of freedom. The pursuit of income equality will turn this country into a totalitarian slum.