“The…philosophical reason for which we are against nationalisation and for private enterprise is because we believe that economic progress comes from the inventiveness, ability, determination and the pioneering spirit of extraordinary men and women. If they cannot exercise that spirit here, they will go away to another free enterprise country which will then make more economic progress than we do. We ought, in fact, to be encouraging small firms and small companies, because the extent to which innovation comes through these companies is tremendous.”

— Margaret Thatcher

Speech to Conservative Party Conference (20 October 1967) http://www.margaretthatcher.org/document/101586 <br class="br">Backbench MP

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Margaret Thatcher348

British stateswoman and politician 1925–2013

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