The old Conservative Party, with its religious convictions and constitutional principles, will disappear, and a new Party will arise like perhaps the… - Winston Churchill

I look back with pride to the great measures of social reform—Unemployment Insurance, Labour Exchanges, Safety in the Coalmines, bringing Old Age Pensions down from seventy to sixty-five years of age, the Widows' and Orphans' Pensions—for which I have been responsible both as a Liberal and a Conservative Minister. I find comfort in the broad harmony of thought which prevails between the modern Tory democracy and the doctrines of the famous Liberal leaders of the past. I am sure that in accord with their speeches and writings, men like Asquith, Morley and Grey, whom I knew so well in my youth, would have regarded the establishment of a Socialist State and the enforcement of the collectivist theory as one of the worst evils that could befall Britain and her slowly-evolved, long-cherished way of life.

Many forms of Government have been tried, and will be tried in this world of sin and woe. No one pretends that democracy is perfect or all-wise. Indeed, it has been said that democracy is the worst form of Government except for all those other forms that have been tried from time to time.

Socialism needs to pull down wealth; liberalism seeks to raise up poverty. Socialism would destroy private interests, Liberalism would preserve [them] ... by reconciling them with public right. Socialism would kill enterprise; Liberalism would rescue enterprise from the trammels of privilege and preference. Socialism assails the preeminence of the individual; Liberalism seeks ... to build up a minimum standard for the mass. Socialism exalts the rule; Liberalism exalts the man. Socialism attacks capitalism; Liberalism attacks monopoly.