They condemn him <nowiki>[</nowiki>Adolf Hitler<nowiki>]</nowiki> for persecuting the Jews, but he has not shown half the ferocity which Cromwell sho… - David Lloyd George

We are not taking full advantage of the assets at our command. Capital and labour are alike strangled by vested prejudices and traditions. Both are capable of producing infinitely more wealth for the benefit of the community than they are now creating. It is of no avail to spend time on distribution if production lags behind the common need. The best means of achieving production seems to be the most urgent task of our industrial and political leaders at this hour.

Dumping is the exporting to this country of goods from a foreign land under the cost—beneath the price at which they are sold in their own country. There could be only one object in doing that, and that is to make war upon a particular industry in our country. That is unfair. ... In the interests of fairness, as well as in the interests of British industry as a whole, the Government have decided to submit to Parliament proposals which will effectively deal with dumping in the sense in which I have defined it.

The State arrogated to itself the supreme right to direct, control, divert, restrict, or even suppress any industry wherever the national interest called for any action. Sometimes it exercised all these powers. Direct production in old, extended, and improvised arsenals increased enormously, and the numbers of State employees multiplied manifold... New factories and workshops employing scores of thousands of workers were set up by the State to produce guns, shells, explosives, bombs, aeroplanes, and every kind of war material. In most of these the management was under the direction of State officials, and incidentally, in economy and efficiency these men were an acknowledged success. Hundreds of other factories and workshops were commandeered by the State for war work, but neither the ownership nor the management was changed... The general policy of these concerns was subordinated to the decision of the Government to place the interests of State and war first and foremost. Subject to that principle the owners retained the management of their businesses. The same policy was pursued with the production and distribution of food. The means of production and distribution were left in private hands so long as the owners conformed to the demands and orders of the State. The system was neither Stalin nor Roosevelt. It fell short of the former's ideas, but went beyond those of the latter. Many still think that it was more practical than either. It certainly produced prompter results, and that is what matters most in war.