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" "When Mr. Cobden preached his doctrine he believed, as he had at that time considerable reason to suppose, that while foreign countries would supply us with our foods and raw materials we should remain the workshop of the world and should send them in exchange our manufactures. But that is exactly what we have not done. On the contrary...we are sending less and less of our manufactures to them, and they are sending more and more of their manufactures to us...Our existence as a nation depends upon our manufacturing capacity and production.
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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It will be impossible to secure preferential treatment with the colonies without some duty on corn as well as on other articles on food, because these are the chief articles of colonial produce. Whether this will raise the cost of living is a matter of opinion, and there is no doubt that in many cases a duty of this kind is paid by the exporter, and it really depends on the extent of competition among the exporting countries... But, even if the price of food is raised, the rate of wages will certainly be raised in greater proportion. This has been the case both in the United States and Germany. In the former country the availabile balance left to the working man after he has paid for necessaries is much larger than here. These are facts which we have to bring to the notice of the working men generally.