“I am not going to enter into this chapter, but you all know that this which is called—I do not much like the name, but I confess I have not a better name—"State Socialism" is what has protected us from revolutionary socialism, which is much a worse thing. Probably a considerable portion of this audience consists of men who live on weekly wages; but I ask you not to rush at the first thing that is offered you, not to believe that because a thing sounds very pleasant—like compulsory reduction, for example, of the hours of labour—do not be quite sure until you have looked round it that it may not end in leaving your condition worse than it found it. I should deplore the advance of State Socialism, though I believe much may be hoped from it. I should regard it as a great disaster, the greatest disaster that could befall this great population, if it did anything to take away your self-reliance, the control of the individual over his own appetites and passions, his own idleness and self-indulgence, and make you look to anything but self-reliance. This, in the long run, would do more harm than good.”

Speech at Rochdale town hall (23 April 1890), quoted in 'Mr. Morley At Rochdale', The Times (24 April 1890), p. 6.