[What] is the effect of payment for imports by interest on securities? Is it not the effect that such payment does not promote employment of labour, … - Joseph Chamberlain
" "[What] is the effect of payment for imports by interest on securities? Is it not the effect that such payment does not promote employment of labour, and that, therefore, although the wealth of the country so paid may not be less in aggregate, the national wealth will be worse in the sense that it will tend to cease being a manufacturing and producing nation and will become instead a nation of consumers, chiefly rich men and their dependents?
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About Joseph Chamberlain
Joseph Chamberlain (8 July 1836 – 2 July 1914) was a British statesman who was first a radical Liberal, then a Liberal Unionist after opposing home rule for Ireland, and eventually served as a leading imperialist in coalition with the Conservatives. He split both major British parties in the course of his career. He was the father, by different marriages, of Nobel Peace Prize winner Austen Chamberlain and of Prime Minister Neville Chamberlain.
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Alternative Names:
Joe Chamberlain
•
Right Hon. Joseph Chamberlain
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Additional quotes by Joseph Chamberlain
He heartily agreed with Dr. Smuts when he said they must stand together in the work of resettlement and restoration. The hope of South Africa lay in closer intercourse between the two races. They were not really separated either in interest or character. If they went back to their history they found that in centuries long ago they were kinsfolk, and now, although they had been separated, the resemblances between them were greater than the differences. The characteristics which the British admired they had—namely, patriotism, courage, tenacity, and willingness to make sacrifices for what they believed to be right and true. He believed that with a little consideration on both sides and readiness to give as well as take before many years, probably before many of them could anticipate, they would be one free people under one flag.
Greenock was one of the great centres of the sugar trade... Then came foreign competition, aided by bounties; and your trade declines so seriously that only the very best, the very richest, the most enterprising, the most inventive can possibly retain their hold upon it. If there had been no bounties and no unfair competition of this kind what would have happened? In the last 20 or 30 years the consumption of sugar throughout the world has increased enormously. The consumption in this country has increased enormously; and you would have had your share...if normal conditions and equal fairness had prevailed; and at this moment in Greenock, quite independently of the other industries you may have found to occupy you, there would have been in sugar alone ten times as many men employed as there were in the most palmy days of the trade. But normal conditions have not obtained. You have been the sufferers; and, as I have said, a great number of your refineries have been closed, have disappeared altogether. The capital invested in them has been lost, and the workmen who work in them—what has become of them?
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