Okay, he was often wrong after he had his appendix out and rejoined the Tories, but in 1908, while fighting that good Liberal seat of Dundee in the by-election of that year, Winston Churchill reminded us that:
Liberalism is not Socialism, and never will be. There is a great gulf fixed. It is not only a gulf of method, it is a gulf of principle. There are many steps we have to take which our Socialist opponents or friends, whichever they like to call themselves, will have to take with us; but there are immense differences of principle and of political philosophy between our views and their views.
Liberalism has its own history and its own tradition. Socialism has its own formulas and aims. Socialism seeks to pull down wealth; Liberalism seeks to raise up poverty. Socialism would destroy private interests; Liberalism would preserve private interests in the only way in which they can be safely and justly preserved, namely, by reconciling them with public right. Socialism would kill enterprise; Liberalism would rescue enterprise from the trammels of privilege and preference. Socialism assails the pre-eminence of the individual; Liberalism seeks, and shall seek more in the future, to build up a minimum standard for the mass. Socialism exalts the rule; Liberalism exalts the man. Socialism attacks capital; Liberalism attacks monopoly.
These are the great distinctions which I draw, and which, I think, you will agree I am right in drawing at this election between our respective policies and moods. Don’t think that Liberalism is a faith that is played out; that it is a creed to which there is no expanding future. As long as the world rolls round, Liberalism will have its part to play—grand, beneficent, and ameliorating—in relation to men and States.