People who live in poor countries have to be entrepreneurial even just to survive.

The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction.

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

Assume the worst about people and you get the worst.

The history of capitalism has been so totally re-written that many people in the rich world do not perceive the historical double standards involved in recommending free trade and free market to developing countries.

The widely accepted assertion that, only if you let markets be will everyone be paid correctly and thus fairly, according to his worth, is a myth. Only when we part with this myth and grasp the political nature of the market and the collective nature of individual productivity will we be able to build a more just society in which historical legacies and collective actions, and not just individual talents and efforts, are properly taken into account in deciding how to reward people.

To paraphrase Winston Churchill, capitalism is the worst economic system except for all the other forms.