The day of small nations has passed away; the day of Empires has come. - Joseph Chamberlain

I can conceive it is a possible theory that we might be even richer if we became simply a distributive Empire, a home for millionaires and for their dependents, with no productive industry whatever, no one who would come under our present description of working men, that is to say, a man who labours at some definitive trade or industry for himself. I can conceive that it might be possible that there should be even more cheques passing through the Clearing-house than there are now; that the returns of income-tax would be larger. A single millionaire might increase the returns from income-tax more than they would be diminished by the destruction of a whole industry of Birmingham. But, for reasons of difference in national character and position (hear, hear), you may be richer, but not greater. (Hear, hear). You may sink to a position which I do not like to contemplate, and yet all these official statistics might show you a constant tale of progress and increasing wealth.

He is face to face with the whole population of England and Scotland, reinforced as it will be by at least one-fifth of the population of Ireland itself, and to threaten 32 millions of people with the vengeance of four millions is a rhetorical artifice which is altogether unworthy of Mr. Parnell's power and influence. (Hear, hear.) But it is said by him that justice requires that we should concede to Irishmen an absolute right to self-government. I would reply that that is a right which must be considered in relation to the security and welfare of the other countries in juxtaposition to which Ireland is placed, and with whose interests hers are indissolubly linked. I cannot admit that five millions of Irishmen have any greater inherent right to govern themselves without regard to the rest of the community than would the five millions of persons who inhabit the metropolis.

If you allow this state of things to go on, what will follow? If these foreign goods come in cheaper, one of two things must follow. Either you will have to give up the conditions you have gained, either you will have to abolish and repeal the fair-wages clause of our Factory Acts, and the compensation to workmen, and either you will have to take lower wages, or you will lose work. You cannot keep your work at this higher standard of living and pay if at the same time you allow foreigners at a lower standard and lower rate of pay to send their goods freely in competition with yours.