[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? (Joseph Chamberlain)

[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?

Joseph Chamberlain

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aggregate cease country effect employment interest men less manufacturing nation national pay payment rich sense wealth worse labour

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