"I am not of course suggesting that combination cannot force up the price of labour in a particular employment above the market level. What I am saying is that this advantage is demonstrably often more or less short-lived: indeed, in the inflationary conditions which we have experienced in the last twenty years, any such gain has been neutralised and obliterated exceptionally quickly. But wherever and as long as there is an advantage, it is always at the expense not only of the community at large but of other workers: of the community at large, because its pattern of production and consumption is thereby less satisfactory than it otherwise would be—the standard effect of all monopoly and restriction; of other workers, because the higher cost of labour in that employment reduces demand for it and results in workers either being unemployed or being employed less remuneratively than they otherwise would be."
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Members of the Parliament of the United KingdomPolitical leadersPoets from EnglandPeople from BirminghamAnglicans from the United Kingdom
Original Language: English
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Speech in the London School of Economics (16 June 1964), quoted in A Nation Not Afraid: The Thinking of Enoch Powell (1965), p. 122
https://en.wikiquote.org/wiki/Enoch_Powell
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Enoch Powell
politician, linguist, poet
1912 – 1998 · United Kingdom
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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