I sometimes wish that I were in the Labour Party. I would tear down all these institutions! - David Lloyd George

There must be a greater co-partnership between Capital and Labour if you are to get the best out of both.

[Lloyd George] was still pessimistic about the war—said we were fighting better brains than our own—that there was not one really first-class man on our side. The Germans had shown that they had better training than we, and he knew the value of training—he had seen examples of it in the House of Commons, when Labour members competed against men of better education than themselves—they were just as good fellows, but they hadn't the training. And [Lloyd George] says that it is training that is wanting on our side—among the generals. He says our soldiers are the best in Europe, but they are being wantonly sacrificed because those in authority do not know how to make the best use of them.

I have already accepted the policy of Imperial preference...to the effect that a preference will be given on existing duties and on any duties which may subsequently be imposed. On this subject I think there is no difference of opinion between us. ... I am prepared to say that the key industries on which the life of the nation depends must be preserved. I am prepared to say also that, in order to keep up the present standard of production and develop it to the utmost extent possible, it is necessary that security should be give against the unfair competition to which our industries have been in the past subjected by the dumping of goods below the actual cost of production. ... I shall look at every problem simply from the point of view of what is the best method of securing the objects at which we are aiming without any regard to theoretical opinions about Free Trade or Tariff Reform.