“If Great Britain lost her Empire and India and her share in world trade and her sea power, she would be like a vast whale stranded in one your Scottish bays, which swam in upon the tide and then was left to choke and rot upon the sands. We should be like a great shop emporium in a district from which prosperity has for ever departed. We least of all peoples and races can afford to fail. Failure to us does not mean merely that we shall not improve. It means that we shall be ruined and frozen out.”

Source: Rectorial address ("The present decline of Parliamentary government in Great Britain") to Edinburgh University (5 March 1931), quoted in The Times (6 March 1931), p. 19

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Winston S. Churchill 601
Prime Minister of the United Kingdom 1874–1965

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