The effect of any combination to fix the price of labour in a particular employment by restraining those who would be prepared to pay more or accept … - Enoch Powell

The Prime Minister [<nowiki/>Margaret Thatcher], shortly after she came into office, received a soubriquet as the "Iron Lady". It arose in the context of remarks which she made about defence against the Soviet Union and its allies; but there was no reason to suppose that the right hon. Lady did not welcome and, indeed, take pride in that description. In the next week or two this House, the nation and the right hon. Lady herself will learn of what metal she is made.

The duty of every management is to conduct its business, including the price policy of the business, in the way which in the opinion of the management is likely to maximise the return on the capital invested in the business. A management which does not do this betrays more than the shareholders in the business; it betrays the employees and the nation as a whole. The national interest lies in all the nation's resources being put to the most advantageous use possible. Anywhere outside a Communist state—and perhaps the time is coming when even that qualification will be superfluous—this is done by seeking to secure the largest possible return on capital. To maximise profits is for management not an optional exercise or a work of supererogation; it is management's basic duty. If private enterprise in a capitalist society is not trying to do that, there is no point in private enterprise—nor, for that matter, in a capitalist society.

I am one of what must be an increasing number who find the portentous moralisings of A. Solzhenitsyn a bore and an irritation. Scarcely any aspect of life in the countries where he passes his voluntary exile has failed to incur his pessimistic censure. Coming from Russia, where freedom of the press has been not so much unknown as uncomprehended since long before the Revolution, he is shocked to discover that a free press disseminated all kinds of false, partial and invented information and that journalists contradict themselves from one day to the next without shame and without apology. Only a Russian would find all that surprising, or fail to understand that freedom which is not misused is not freedom at all. Like all travellers he misunderstands what he observes. It simply is not true that ‘within the Western countries the press has become more powerful than the legislative power, the executive and the judiciary’. The British electorate regularly disprove this by electing governments in the teeth of the hostility and misrepresentation of virtually the whole of the press. Our modern Munchhausen has, however, found a more remarkable mare’s nest still: he has discovered the ‘false slogan, characteristic of a false era, that everyone is entitled to know everything’. Excited by this discovery he announces a novel and profound moral principle, a new addendum to the catalogue of human rights. ‘People,’ he says, ‘have a right not to know, and it is a more valuable one.’ Not merely morality but theology illuminates the theme: people have, say Solzhenitsyn, ‘the right not to have their divine souls’ burdened with ‘the excessive flow of information’. Just so. Whatever may be the case in Russia, we in the degenerate West can switch off the radio or television, or not buy a newspaper, or not read such parts of it as we do not wish to. I can assure Solzhenitsyn that the method works admirably, ‘right’ or ‘no right’. I know, because I have applied it with complete success to his own speeches and writings.