I stand as a Liberal pure and simple... I go for Free Trade pure and simple... If Bonar Law gets a majority we shall have five years of reaction. - David Lloyd George

The State arrogated to itself the supreme right to direct, control, divert, restrict, or even suppress any industry wherever the national interest called for any action. Sometimes it exercised all these powers. Direct production in old, extended, and improvised arsenals increased enormously, and the numbers of State employees multiplied manifold... New factories and workshops employing scores of thousands of workers were set up by the State to produce guns, shells, explosives, bombs, aeroplanes, and every kind of war material. In most of these the management was under the direction of State officials, and incidentally, in economy and efficiency these men were an acknowledged success. Hundreds of other factories and workshops were commandeered by the State for war work, but neither the ownership nor the management was changed... The general policy of these concerns was subordinated to the decision of the Government to place the interests of State and war first and foremost. Subject to that principle the owners retained the management of their businesses. The same policy was pursued with the production and distribution of food. The means of production and distribution were left in private hands so long as the owners conformed to the demands and orders of the State. The system was neither Stalin nor Roosevelt. It fell short of the former's ideas, but went beyond those of the latter. Many still think that it was more practical than either. It certainly produced prompter results, and that is what matters most in war.

The country is alive now as it has never been before to the essential value of agriculture to the community, and whatever befalls it will never again be neglected by any Government. The War, at any rate, has taught us one lesson—that the preservation of our essential industries is as important a part of the national defences as the maintenance of our Army or our Navy. So much will I say about food production.

[The Labour government] flung away the opportunity. They flung away a Heaven-given opening. What for? Not in order to emancipate the land, not in order to find work for the unemployed, not in order to build homes for the houseless, but in order to commit the taxation of this country to a gigantic loan to a number of fanatical visionaries who are ruining the great land of Russia.