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" "The nation which is satisfied is lost. The nation which is not progressive is retrograding. "Rest and be thankful" is a motto which spells decay. The new world seems to possess more of this quality in its crude state, at any rate, than the old. In individuals it sometimes seems to be carried to excess. I do not by this mean the revolutions which periodically ravage the Southern and Central American Republics. I think more of the restless enterprise of the United States, with the devouring anxiety to improve existing machinery and existing methods, and the apparent impossibility of accumulating any fortune, however gigantic, which shall satisfy or be sufficient to allow of leisure and repose. There the disdain of finality, the anxiety for improving on the best seems almost a disease; but in Great Britain we can afford to catch the complaint, at any rate in a mitigated form, and give in exchange some of our own self-complacency, for complacency is a fatal gift. "What was good enough for my father is good enough for me" is a treasured English axiom which, if strictly carried out, would have kept us to wooden ploughs and water clocks. In these days we need to be inoculated with some of the nervous energy of the Americans.
Archibald Primrose, 5th Earl of Rosebery (7 May 1847 – 21 May 1929) was a British Liberal statesman and Prime Minister, also known as Archibald Primrose (1847–1851) and Lord Dalmeny (1851–1868).
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Now, what is the policy? It is, so far as we know, to interfere with the established fiscal policy of this country in order to promote the union of the Empire—that is to say, it is to affect gravely, if not to sap, the foundations of the edifice in order to promote the stability of the structure. (Laughter and cheers)...Had free trade failed us in the 57 years of experience we have had of it, had we found ourselves with a shrinking trade, a diminished revenue, a population on the verge of poverty, we should long ago have reviewed the whole system of free trade and reconsidered it. But we find ourselves, so far as all statistics can give us a clue, at a pinnacle of wealth such as no nation of the size has ever reached in the history of the world...The Empire is built up on free trade...your Empire is founded on the condition, and it could not have existed until now except on that condition, that every self-governing part of it shall have the right to work out its own prosperity by its own methods. I do not know why it should enter the heads of any statesman to deny that liberty to the United Kingdom.
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It would have to be considered from the Imperial point of view whether the system of reciprocal tariffs would really bind the mother country more closely with her colonies than was now the case...how Great Britain might have annually to submit to the pressure of various colonies who were discontented with the tariff as then modified and wanted it modified still further. If they considered Great Britain as a target at which all these proposals for modification and rectification would be addressed, he thought it would occur to their Chamber that it would not altogether add to the harmony of those relations to have these shifting tariffs existing between Great Britain and her colonies. (Cheers)...He thought we should have some form of direct representation from the colonies to guide us and advise us with regard to this question of tariffs...Under a system of free trade every branch of industry did not prosper. He was interested in the landed industry (hear), and he did not know that the land industry had prospered particularly under free trade...he thought it could not be denied that under a system of free trade large tracts of country had been turned out of cultivation, that our own food supply had been diminished, and that the population which had been reared in the rural districts had ceased to be reared in those districts...he was not a person who believed that free trade was part of the Sermon on the Mount, and that we ought to receive it in all its rigidity as a divinely-appointed dispensation.