Skip to content
quotesby

Our achievement...has been to show that you can build far greater, and far more lasting, prosperity by letting people co-operate in the freedom of the market place than by making them submit to the coercion of Government regulations and state bureaucracy. If you look around the world today, East and West, even in Soviet Russia and Communist China, you will see that lesson being taken to heart...The truth is that a prosperous world based on free and open markets is a world of co-operation and interdependence between the people of all nations. By contrast, a world of closed, State controlled economies is a world disposed towards confrontation and conflict.

Nigel Lawson#7

CooperationFreedomMarketsProsperityRegulationWar

About this quote

What does it mean?
Free markets create lasting prosperity and cooperation, while state control leads to conflict.
In plain terms
Freedom to trade brings peace and wealth; government control brings conflict.
What can you take from it?
Free markets build prosperity and peace.

Where it applies

  • international relations
  • economic systems
  • business environment

Putting it to work

  • reduce trade barriers
  • support market freedom

Questions to consider

  • Why do free markets encourage cooperation?
  • Can cooperation exist without free markets?

Another view

Unregulated markets can sometimes lead to inequality or instability.

More from Nigel Lawson

  1. We had to dispel the notion that the way to economic success lies through a sort of fiscal levitation. That was the abiding post-war delusion-that governments …

    Permalink to quote #6
  2. The fears of recession in the aftermath of Black Monday have turned to fears of the economy racing ahead too fast, with inflation edging up and a substantial c…

    Permalink to quote #8
  3. During the 1960s, and again in the 1970s, growth in manufacturing productivity in the United Kingdom was the lowest of all the seven major industrial countries…

    Permalink to quote #5

Related quotes

  1. A pre-emptive war in 'defense' of freedom would surely destroy freedom, because one simply cannot engage in barbarous action without becoming a barbarian, beca…

    J. William FulbrightJ. William Fulbright quote #1
  2. No sir anybody who went out and got into the front line trenches to fight for liberty was a goddamn fool and the guy who got him there was a liar. Next time an…

    Dalton TrumboDalton Trumbo quote #2
  3. We do not want a new war. But we are not afraid of it if mobilisation of German power should prove to be the ultimate means of restoring German freedom.

    Gregor StrasserGregor Strasser quote #2