Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level. We need to balance them.

[Good managers] know that people have 'good' sides and 'bad' sides and that the secret of good management is in magnifying the former and toning down the latter.

Equality of opportunity is meaningless for those who do not have the capabilities to take advantage of it.

There are different ways to organise capitalism. Free-market capitalism is only one of them-and not a very good one at that.

The washing machine changed the world more than the Internet.

The higher education system in these countries (US, Korea etc) has become like a theatre in which some people decided to stand to get a better view, promoting the others behind them to stand. Once enough people stand, everyone has to stand, which means no one is getting a better view, while everyone has become more uncomfortable.

Rich countries have 'kicked away the ladder' by forcing free-market, free-trade policies on poor countries. Already established countries do not want more competitors emerging through the nationalistic policies they themselves successfully used in the past.