"I have never supposed since the days of "Ransom" that Mr. Chamberlain would be in the least unwilling to enter into a discussion regarding the unequal distribution of wealth, and I think it is extremely probable that in the course of this and ensuing sessions he may find many opportunities of discussing this problem with some of the newly-returned Members of Parliament. But in all the discussions on this momentous subject which he may enter into with the Labour Members, I venture to express the opinion that he will find among the projects and plans which he will be called upon to discuss none containing a more Socialistic principle than that which is embodied in his own scheme, which, whether it can properly be described as a scheme of protection or not, is certainly a scheme under which the State is to undertake to regulate the course of commerce and of industry, and tell us where we are to buy, where we are to sell, what commodities we are to manufacture at home, and what we may continue, if we think right, to import from other countries."
January 1, 1970
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