In none of these countries [Russia, Italy and Germany] was it possible to make to the people such an appeal as went home to the heart of our people, … - Stanley Baldwin

The twenty post-War years have shown that war does not settle the account. There is a balance brought forward. When emancipation is achieved a new slavery may begin. The moment of victory may be the beginning of defeat. The days which saw the framing of the League of Nations saw the signing of the Treaty of Versailles. Should both be entered on the credit side? Twenty years ago we should all have said, "Yes"; to-day the reply would be doubtful, for both have belied the hopes of mankind and given place to disillusion. Freedom for common men, which was to have been the fruit of victory, is once more in jeopardy in our own land because it has been taken away from the common men of other lands.

We want to help to better the conditions for our own people. We want to see our people raised, not into a society of State ownership, but into a society in which, increasingly, the individual may become an owner. There is a very famous sentence of Sir Henry Maine's, in which he said that the progress of our civilisation had been of recent centuries a progress on the part of mankind from status to contract. Socialism would bring him back from contract to status.

I owe a great deal of my public and private life to my Nonconformist ancestry.