"I cannot myself believe that anyone in this Chamber, and very few in the community as a whole, would wish to reverse all our previous policies and choose stabilization rather than growth; and it would certainly go contrary to the other views expressed by honourable Members about the need to promote the further growth of trade and industry. Not only would we be fore-going the creation of additional wealth and what this can bring, and has brought, in social advance, but we would also, I believe, permanently damage that climate of economic activity which has taken us so far and so fast. This would be particularly unwise, I suggest, in the face of those relatively darker clouds referred to by Your Excellency."
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People from EdinburghPoliticians from ScotlandPoliticians from Hong KongColonial governorsFinance ministers
Original Language: English
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October 9, 1970, page 114.
https://en.wikiquote.org/wiki/John_James_Cowperthwaite
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John James Cowperthwaite
Sir John James Cowperthwaite KBE CMG (25 April 1915 – 21 January 2006) was a British civil servant and the Financial Secretary of Hong Kong from 1961 to 1971. His free market policies of positive non-interventionism are widely credited with turning post-war Hong Kong into a thriving global financial center.
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