25.8.18

"I do not want to see impaired the vigour of competition, but we can do much to mitigate the consequences of failure. We want to draw a line below which we will not allow persons to live and labour, yet above which they may compete with all their manhood. We want to have free competition upwards; we decline to allow free competition to run downwards." - Winston Churchill, speech of 11 October 1906, quoted in Paul Addison, Churchill: The Unexpected Hero

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