In simple terms, the quote suggests that it is the spirit of entrepreneurship and a strong drive to succeed that creates economic opportunities and generates wealth within society. This process of wealth creation provides the necessary funds for delivering high-quality public services that are desirable by everyone.
On a deeper level, the statement reflects the belief in the intrinsic value of free enterprise as a mechanism for societal progress and prosperity. It implies that when individuals and businesses are given the freedom to innovate and compete, they naturally contribute to economic growth, which in turn enables governments to invest more resources into essential public services such as healthcare, education, and infrastructure. This perspective underscores the idea that economic success is not just beneficial for private gain but also plays a crucial role in funding public welfare initiatives.
The quote was made by Chris Grayling, who served as a prominent British politician. As a member of the Conservative Party, he has held various positions including Secretary of State for Justice and Secretary of State for Transport, advocating for policies that support free-market principles and their positive impact on society's overall well-being.
