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If the Western nations were to confer on the rest of mankind not, as at present, just a tiny fraction of their goods and capital, but were, literally… - Enoch Powell
" "If the Western nations were to confer on the rest of mankind not, as at present, just a tiny fraction of their goods and capital, but were, literally, in the words of the epistle, to ‘bestow all their goods to feed the poor’ their wealth would only disappear, like a snowflake on boiling water, into the maw of these vast and astronomically increasing populations, and the outcome would be a common level of poverty and incompetence. Whence, then, if from anywhere, are the means of improvement to come? There is only one possible answer: essentially from within. The investment and the initiative which made possible the development of the Western economies was not subscribed or donated from outside; it came from within. The rise of Japan, in far less than a century from Admiral Perry's arrival, to challenge the Western countries in technology and production, was not because she was spoon-fed with grants and uneconomic loans from a benevolent Europe or America: it was due to the spirit and character of her people and their aptitude and appetite to learn. The great, the only truly beneficent gift we have to offer is the example of that which has made the West productive – capitalism and enterprise. But it is a gift which implies the power and will to receive it: and that, although we can teach and demonstrate by precept and by example, it is not in our power simply to confer. In short, the secret of aid to the developing countries is not capital itself: it is capitalism.
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About Enoch Powell
John Enoch Powell (16 June 1912 – 8 February 1998) was a British politician, classical scholar, author, linguist, soldier, philologist, and poet. He served as a Conservative Member of Parliament (1950–1974), then Ulster Unionist Party (UUP) MP (1974–1987), and was Minister of Health (1960–1963).
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J. Enoch Powell
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John Enoch Powell
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In conditions of free enterprise and competition, one does not have to contrive modernisation or introduce it by government decree. It happens, and keeps on happening, of its own accord. A firm or an industry or an attitude which is no longer modern simply does not survive; it goes under and is replaced by others which are modern. Our motor industry, our chemical industry, yes, our steel industry, do not have to be told to modernise themselves. They keep on doing it because they have to, in order to export and meet the challenge of a fiercely competitive and rapidly changing world. If Britain wants to be modern, there is no substitute for the system of competitive free enterprise by which the Tory Party stands.
At an educational conference not long ago, one head teacher spoke about "the seemingly planned intention of eroding all forces of authority", while another said "we know that the enemies of law and order would love to see the schools brought down, as far as their moral influence and prestige are concerned". What those head teachers were describing is what millions of people believe they are watching, helpless and not so much unregarded as positively derided: the deliberate dismantling of the frontiers of decency, morality and respect, with a view to producing far-reaching and indeterminate alterations in society itself. They do not believe that these and other phenomena, such as the spread of drugs or the undermining of the universities, are simply reflections of a change taking place spontaneously and generally. They believe that intention is at work, and that it is the intention of a small and elusive but powerful minority. What they do not understand is that they, the majority, seem to find themselves without voice or representation in the face of a prospect which appals them.
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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.
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