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" "Now the Cobden Club all this time rubs its hands in the most patriotic spirit and says, "Ah, yes; but how cheap you are buying." Yes, but think how that effects different classes in the community. Take the capitalist... His interest is to buy in the cheapest market, because he does not produce, but can get every article he consumes. He need not buy a single article in this country; he need not make a single article. He can invest his money in foreign countries and live upon the interest, and then in the returns of the prosperity of the country it will be said that the country is growing richer because he is growing richer. What about the working men? What about the class that depends upon having work in order to earn wages or subsistence at all? They cannot do without the work; and yet the work will go if it is not produced in this country. This is the state of things which I am protesting.
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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Take the case of Spain. I think in the case of Spain, and I am certain in the case of Holland, that there is more acquired wealth in those countries today than there was in the palmiest times of their history; but is that all? In spite of the growth of their wealth they have fallen from their high estate. The sceptre they once wielded so proudly has passed into other hands and can never return to them. (Hear, hear.) They may be richer, but they are poorer in what constitutes the greatness of a nation, and they count for nothing in the future opinion of the world. Is it wished that we should follow in the same lines? ("No, no.") But of what are we proud? Of our wealth? I think that is a contemptible form of pride. (Cheers.) Are we proud of our power? Are we proud of the use we may make of that power in order to influence the civilisation of the world? Do we desire to be, as we have been in the past, one of the greatest of nations? Do we wish our voice to be heard in Europe? (Cheers.) Then, if so, do not let us be misled by those who would teach us that we can afford to stand where we are and yet wallow in comparative luxury that may, indeed, be greater than any we have enjoyed before. (Cheers.)
[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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All this disease is produced by filthy, ill-ventilated, uncomfortable homes; those homes, in their turn, drive the people to the public-houses and worse places. It is usual to say that these results are due to the ignorance of the people. That is true; but it would be almost truer to say that this ignorance in its turn is the result of the conditions amid which the people live. What folly it is to talk about the moral and intellectual elevation of the masses when the conditions of life are such as to render elevation impossible! What can the schoolmaster or the minister of religion do, when the influences of home undo all he does? We find bad air, polluted water, crowded and filthy homes, and ill-ventilated courts everywhere prevailing in the midst of our boasted wealth, luxury, and civilisation.