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The path away from economic freedom is, as Hayek long ago demonstrated, the road to serfdom. The road may be a long one: the pace may be swift or slo… - Norman Tebbit
" "The path away from economic freedom is, as Hayek long ago demonstrated, the road to serfdom. The road may be a long one: the pace may be swift or slow: but the destination cannot be changed. State ownership, state monopolies, state regulation and state planning, through the centralisation of economic power, inevitably lead to economic failure. They inevitably increase both the temptation and the scope for abuses of political power until freedom itself is threatened. The planned economies, the controlled societies which socialism requires, pervert what are truly economic decisions for the market into political decisions for the politician or the bureaucrat. The fruits of centralised economics are corruption, poverty and servility—and in the socialist society the only medicine which may be prescribed is heavier doses of the same socialist poison.
English
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About Norman Tebbit
Norman Beresford Tebbit, Baron Tebbit CH PC (29 March 1931 – 7 July 2025) was a British politician and life peer. A member of the Conservative Party, he served in the Cabinet from 1981 to 1987 as Secretary of State for Employment (1981–1983), Secretary of State for Trade and Industry (1983–1985), and Chancellor of the Duchy of Lancaster and Chairman of the Conservative Party (1985–1987). He was a Member of Parliament (MP) from 1970 to 1992, representing the constituencies of Epping (1970–1974) and Chingford (1974–1992).
Also Known As
Birth Name:
Norman Beresford Tebbit
Alternative Names:
Norman Beresford Tebbit, Baron Tebbit
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Baron Tebbit, of Chingford in the London Borough of Waltham Forest
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Lord Tebbit
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Additional quotes by Norman Tebbit
They want to know if Mr Cameron has bought into the Blairite, ever-expanding, ever more costly, interfering nanny state, or whether he has proposals to strengthen family life, restore discipline in schools, combat crime, deal with the now almost universally recognised dangers of multiculturalism and the unlimited immigration of unassimilable minorities, raise standards in schools and the NHS, and bring back home powers lost to Brussels.
The mark of a single currency is not only that all other currencies must be extinguished but that the capacity of other institutions to issue currencies must also be extinguished...In the case of the United Kingdom, that would involve Parliament binding its successors in a way that it has hitherto regarded as unconstitutional.
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