"According...to our Individualist and Free Trade friends, Prince Bismarck ought to have come to the conclusion that German industries were from "natural causes" unfit as compared to their British rivals; that they could never hope to hold their own in the struggle for existence, and that it would be cheaper to buy in the British market. That great statesman, who was never deceived either by the ideologues of Individualism or the ideologues of Socialism, saw very clearly that though this might be the case for the moment it need not be the case in all perpetuity, but that to give way for the moment was to give way for ever. English goods might beat German goods for the given year, but granted a tariff and the encouragement of State-aid, German goods might be beating British in under a quarter of a century. The static comparison was against the German Empire, but the dynamic impulse given to German industry by the tariff of 1878 has carried her right to the front, and the result of the policy has been of enormous profit to the German exchequer."
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Academics from EnglandLord Chancellors (United Kingdom)Conservative Party (UK) politiciansGovernment ministers of the United KingdomSecretaries of State for India (United Kingdom)
Original Language: English
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"State Toryism and Social Reform", p. 38
https://en.wikiquote.org/wiki/F._E._Smith%2C_1st_Earl_of_Birkenhead
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F. E. Smith, 1st Earl of Birkenhead
Frederick Edwin Smith, 1st Earl of Birkenhead, GCSI, PC (12 July 1872 – 30 September 1930) was a British Conservative statesman and lawyer of the early 20th century. He was a skilled orator, noted for his staunch opposition to Irish nationalism, his wit, pugnacious views, and hard living and drinking. He is perhaps best remembered today as Winston Churchill's greatest personal and political friend until Smith's untimely death at age 58.
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