Social welfare in Britain was a Liberal innovation, dating from the 1906 election following which Winston Churchill became Liberal President of the Board of Trade. Later on, when the Liberal Party had been eclipsed by the Labour Party, the figures whom Hayek most closely associated with the forces of collectivism, Keynes and Beveridge, were Liberals—not Labour, nor Conservative.

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 393