Here is the full transcript and the video.
And here are my favorite excerpts:
This Nation was born when a band of men, the Founding Fathers, a group so unique we've never seen their like since, rose to such selfless heights. Lawyers, tradesmen, merchants, farmers — 56 men achieved security and standing in life but valued freedom more. They pledged their lives, their fortunes, and their sacred honor. Sixteen of them gave their lives. Most gave their fortunes. All preserved their sacred honor.
The bold highlights are mine and, no, that was NOT the entire speech.
They gave us more than a nation. They brought to all mankind for the first time the concept that man was born free, that each of us has inalienable rights, ours by the grace of God, and that government was created by us for our convenience, having only the powers that we choose to give it. This is the heritage that you're about to claim as you come out to join the society made up of those who have preceded you by a few years, or some of us by a great many…
As you join us out there beyond the campus, you know there are great unsolved problems. Federalism, with its built in checks and balances, has been distorted. Central government has usurped powers that properly belong to local and State governments. And in so doing, in many ways that central government has begun to fail to do the things that are truly the responsibility of a central government.
...we who had preceded you ... forgot to challenge the notion that the state is the principal vehicle of social change, forgot that millions of social interactions among free individuals and institutions can do more to foster economic and social progress than all the careful schemes of government planners.
Well, at last we're remembering, remembering that government has certain legitimate functions which it can perform very well, that it can be responsive to the people, that it can be humane and compassionate, but that when it undertakes tasks that are not its proper province, it can do none of them as well or as economically as the private sector.
For too long government has been fixing things that aren't broken and inventing miracle cures for unknown diseases.
We need you. We need your youth. We need your strength. We need your idealism to help us make right that which is wrong. Now, I know that this period of your life, you have been and are critically looking at the mores and customs of the past and questioning their value. Every generation does that. May I suggest, don't discard the time-tested values upon which civilization was built simply because they're old. More important, don't let today's doomcriers and cynics persuade you that the best is past, that from here on it's all downhill. Each generation sees farther than the generation that preceded it because it stands on the shoulders of that generation. You're going to have opportunities beyond anything that we've ever known.
The people have made it plain already. They want an end to excessive government intervention in their lives and in the economy, an end to the burdensome and unnecessary regulations and a punitive tax policy that does take "from the mouth of labor the bread it has earned." They want a government that cannot only continue to send men across the vast reaches of space and bring them safely home, but that can guarantee that you and I can walk in the park of our neighborhood after dark and get safely home. And finally, they want to know that this Nation has the ability to defend itself against those who would seek to pull it down.
And all of this, we the people can do….
It was Pope John Paul II who warned in last year's encyclical on mercy and justice against certain economic theories that use the rhetoric of class struggle to justify injustice. He said, "In the name of an alleged justice the neighbor is sometimes destroyed, killed, deprived of liberty or stripped of fundamental human rights."
When it's written, history of our time won't dwell long on the hardships of the recent past. But history will ask — and our answer determine the fate of freedom for a thousand years — Did a nation borne of hope lose hope? Did a people forged by courage find courage wanting? Did a generation steeled by hard war and a harsh peace forsake honor at the moment of great climactic struggle for the human spirit?
If history asks such questions, it also answers them. And the answers are to be found in the heritage left by generations of Americans before us. They stand in silent witness to what the world will soon know and history someday record: that in the [its] third century, the American Nation came of age, affirmed its leadership of free men and women serving selflessly a vision of man with God, government for people, and humanity at peace.
A few years ago, an Australian Prime Minister, John Gorton, said, "I wonder if anybody ever thought what the situation for the comparatively small nations in the world would be if there were not in existence the
, if there were not this giant country prepared to make so many sacrifices." This is the noble and rich heritage rooted in great civil ideas of the West, and it is yours. United States
My hope today is that in the years to come — and come it shall — when it's your time to explain to another generation the meaning of the past and thereby hold out to them their promise of the future, that you'll recall the truths and traditions of which we've spoken. It is these truths and traditions that define our civilization and make up our national heritage. And now, they're yours to protect and pass on.
I have one more hope for you: when you do speak to the next generation about these things, that you will always be able to speak of an America that is strong and free, to find in your hearts an unbounded pride in this much-loved country, this once and future land, this bright and hopeful nation whose generous spirit and great ideals the world still honors.
Where are today's defenders of America and free enterprise?
Capitalism is the greatest economic system ever devised. Recent economic failings should be rightly blamed on the stupidity of its practitioners rather than the system itself. And America remains the greatest nation on Earth, despite all those (in and out of elected office) who prefer to revel in this nations failings. If only they were as eager to do comparative analysis.
The next post will discuss retailers, not politics.
But first here is another Reagan speech on socialized medicine, Social Security, and the slippery slope to full-blown socialism.
Or there is a shorter version set to music. Enjoy!