It is pertinent here to point to the different conditions under which contemporary revolutions of the East have to be carried out as distinct from those of the Americas in the late eighteenth and early nineteenth centuries. In the latter case Investment flowed freely from Europe to America, and along with the investment went skilled artisans of all kinds. It is true America did not have a large peasant population, but this was a further advantage. It was an empty country and it was filled by waves of migrants from Europe; many coming from backward European countries, but the advanced nations also made their contribution. Much of the machinery reaching America took the form of involuntary gifts, for the workings of the capitalist system produced a series of crises accompanied by bankruptcies which left much of the exported capital equipment unencumbered by subsequent financial claims. To this Europe added two wars partly financed by forced sales of European assets in America.

[For Winston Churchill], democracy is a state in which the people acquiesce in the rule of property. Democracy is an admirable institution so long as the poor continue to carry the rich on their backs. When the poor decide to change places, democracy falls into disrepute. That is why, whenever you scratch a Tory, you find a Fascist.

Democratic Socialism is not a middle way between capitalism and Communism. If it were merely that, it would be doomed to failure from the start. It cannot live by borrowed vitality. Its driving power must derive from its own principles and the energy released by them. It is based on the conviction that free men can use free institutions to solve the social and economic problems of the day, if they are given a chance to do so.

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The function of parliamentary democracy, under universal franchise, historically considered, is to expose wealth-privilege to the attack of the people. It is a sword pointed at the heart of property-power. The arena where the issues are joined is Parliament.

If the immediate international situation is used as an excuse to get us to drop our opposition to the rearmament programme of the Government, the next phase must be that we must desist from any industrial or political action that may disturb national unity in the face of Fascist aggression. Along that road is endless retreat, and at the end of it a voluntary totalitarian State with ourselves erecting the barbed wire around. You cannot collaborate, you cannot accept the logic of collaboration on a first class issue like rearmament, and at the same time evade the implications of collaboration all along the line when the occasion demands it.

Gaitskell wants to make capitalism work better – but with controls. That’s what makes him so dangerous. He wants capitalism to go on existing – but without the prizes which capitalism earns for itself. Of course this is impossible. It cannot work.