The speech was made during Churchill's most enlightened period, when he ran flat out under Liberal colours. The speech also clarified for me my youthful confusion when I was first attracted to the siren song of Socialism. Liberalism is not Socialism, and never will be. There is a great gulf fixed. Socialism seeks to pull down wealth.
Liberalism seeks to raise up poverty.
Socialism attacks capital, Liberalism attacks monopoly. His vibrating fortunes, matching his ideas, raced up and down in public opinion like a roller coaster. In each ministry he brought a volcanic energy and a visionary stream of ideas. He was, in turn, the father of the submarine, of the tank, of oil driven warships. As President of the Board of Trade, he organized labour exchanges to prevent sweat labour.