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" "The channels of world trade are so obstructed by the pursuit of nationalist economic policy that steps should be taken at once to make it possible to arrive at an international economic agreement which would revive international trade. A return to free trade pure and simple would only increase unemployment.
Ramsay MacDonald (12 October 1866 – 9 November 1937) was a British statesman who was the first ever Labour Prime Minister of the United Kingdom, leading a Labour Government in 1924, a Labour Government from 1929 to 1931, and a National Government from 1931 to 1935.
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This nation ought to be quipped to defend itself and to fulfil its responsibility under the League system of mutual assistance in the event of an aggressor coming to threaten us all. A defenceless Britain at this stage of evolution will not be an aid to peace but an incentive to war. But we must watch very closely lest the acceptance of the responsibility to prepare for defence may lead to a policy of militarism for its own sake. We draw this distinction and will continue to observe it.
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