Many new industries have arisen under the stimulus of dire necessity, and the encouragement of the Government. We have learned to make many things ou… - Billy Hughes

The burning blasts of war have shrivelled, blackened, and destroyed the world we once knew. Old landmarks have disappeared. The nations of the earth panting from the struggle, impoverished by the unprecedented destruction of wealth, are confronted with a new set of financial, national, and industrial circumstances. Humanity has indulged in a terrible orgy of destruction; it must pay the price. We must enter on a long period of reconstruction—wherein capital will be scarce, interest high, wages and materials costly.

He was sick of this canting humbug about internationalism. Nationalism, not internationalism, was the policy for Britain.

What was the economic policy of Britain going to be? It was not merely a question of a tariff; the great question, Were we going to take such steps as would ensure prosperity in Britain and throughout the Empire, or weakly by a policy of inaction allow the nation to drift on to the rocks? It was impossible for the workers of this or any other country in improve their working conditions unless sound economic conditions existed. And this could only be done by securing the home market and controlling the sources from which the raw materials came. Labour must, for its own protection, take up the question of after-the-war problems, of trade organisation, of securing raw materials. The Government should declare its policy, and the nation should see that no peace was made with the enemy by which these steps, so necessary for our salvation, were rendered impossible.