Equality of opportunity is not enough. Unless we create an environment where everyone is guaranteed some minimum capabilities through some guarantee of minimum income, education, and healthcare, we cannot say that we have fair competition. When some people have to run a 100 metre race with sandbags on their legs, the fact that no one is allowed to have a head start does not make the race fair. Equality of opportunity is absolutely necessary but not sufficient in building a genuinely fair and efficient society.

History is on the side of the regulators.

Countries are poor not because their people are lazy; their people are 'lazy' because they are poor.

The foundation of economic development is the acquisition of more productive knowledge.

It's not just about the current economic environment. History shows that slashing budgets always leads to recession.

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.

The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income.