What the Liberals have done to the Labour Party's programme is to come along like a gipsy, steal our child, get it in gaudy attire, and then produce … - Ramsay MacDonald

He was a free-trader, because he felt it was the best, with all its drawbacks. There were higher wages in protected America, but there was corrupt politics. Protection in America meant more sweating in America than free trade did in England. The very worst of conditions and slums in England were a paradise compared with the conditions of steel workers under protection in Pittsburg. The whole of the protection system was meant not for workers, wage-earners, or the wives of working men, but to make capitalists millionaires.

I am in favour of arbitration—I see nothing else for the world. If we cannot devise a proper system of arbitration, then do not let us fool ourselves that we are going to have peace. Let us go back to the past, let us go back to competitive armaments, let us go back to that false, whited sepulchre of security and of military pacts—there is nothing else for us—and let us prepare for the next war, because that is inevitable.

I know that, when the troubled history of these times comes to be studied and recorded in the cold and just light of truth, all the blame will not lie at Germany's door. That will not save it, its methods and its self-will, as shown in these latter days, from the blame of destroying the chances of success in peacemaking which were once again presenting themselves to us, and of throwing the mind of Europe suddenly into anxiety and turning it back upon the fatal ways of militarism, thus compelling the nations of Europe to return for an evanescent comfort to increased military equipment.